Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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What is the best way of determining selection criteria when using the supplier selection framework?
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Step 1: Define A Business Process.
A business process is a systematic sequence of activities within an organization, designed to accomplish specific objectives. It encompasses the organized flow of information, resources, and tasks, often guided by established protocols, to create products, deliver services, and enhance overall efficiency. These processes span across various functions, including sales, marketing, finance, and operations. Effective management of these processes empowers adaptability, responsiveness to market shifts, and the consistent delivery of customer value.
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