You have been given the transformation process flow in the image that follows, which moves from raw
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Question:
You have been given the transformation process flow in the image that follows, which moves from "raw materials" to the "final product" for a product / service. (Identify framework followed, if any, unless otherwise specified). If you need to see a larger version, access the image file here: Transformation Process Flow Image Set some values for the steps in the process flow with time, cost and value at each step and overall process.
- Translate that into the bottom line of the product or service offering i.e. % profit margins vs % total costs.
- Identify one / two areas from the flow for potential improvement in cost, value or time. Explain briefly how you could improve.
Related Book For
Management Accounting
ISBN: 9780730369387
4th Edition
Authors: Leslie G. Eldenburg, Albie Brooks, Judy Oliver, Gillian Vesty, Rodney Dormer, Vijaya Murthy, Nick Pawsey
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