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How would Profit margins be influnced by efficiency improve in purchasing and supply chain management?
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To improve a bookshop manual system, consider digitizing records for easier access and organization, implementing a barcode system for tracking inventory accurately, and utilizing a customer relationship management (CRM) software to track customer preferences and purchasing habits. Additionally, conducting regular audits to ensure accuracy and updating the system based on customer feedback can help improve efficiency.
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Who was Frederick Taylor?
Frederick Winslow Taylor (1856-1915) was an American mechanical engineer who sought to improve industrial efficiency, and was one of the first management consultants. He was a leader in the Efficiency Movement during the Progressive Era.
