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Is a collection of related activities that produce a product or a service of value to an organization?
Yes, a collection of related activities that produce a product or service of value to an organization is often referred to as a process. These processes can range from manufacturing and service delivery to administrative functions, all aimed at achieving specific objectives and enhancing efficiency. By effectively managing these activities, organizations can optimize resource use and maximize value creation.
How can you eliminate non added value activities?
non value adding activities can not be eliminated. Waste are non-value adding activities that should be eliminated.
What includes support value activities and primary value activities and is used to determine how to create the greatest possible value for customers?
The value chain analysis
How will you value the physical fitness activities?
i value it as my everyday activity
The difference between what the workers produce and what they earn is surplus value?
Surplus value is the difference between the value that workers produce and what they are paid in wages.
Why are value-added activities defined from a customer viewpoint?
Value-added activities are defined from a customer viewpoint because they directly contribute to fulfilling customer needs and enhancing their experience. By focusing on what customers perceive as valuable, businesses can prioritize efforts that improve satisfaction and loyalty. This customer-centric approach ensures that resources are allocated effectively to activities that drive genuine benefits, ultimately leading to better competitive advantage and profitability.
What is the difference between value-added and non-value-added activities in a business process and how can identifying and eliminating non-value-added activities contribute to increasing overall efficiency and profitability?
Value-added activities are tasks that directly contribute to the creation of a product or service, while non-value-added activities do not add any value and are considered wasteful. By identifying and eliminating non-value-added activities, a business can streamline its processes, reduce costs, and improve efficiency. This can lead to increased productivity, faster delivery times, and ultimately higher profitability for the business.
What are value stream always consists of two parts?
Value streams consist of two main parts: the value-creating activities and the non-value-adding activities. The value-creating activities are those that directly contribute to fulfilling customer needs and delivering a product or service, while non-value-adding activities are those that do not enhance the product or service and can lead to waste. Understanding and optimizing both parts is crucial for improving efficiency and maximizing value in any process.
What is the difference between value-add and non-value-add activities in a business process and how can we identify and eliminate non-value-add activities to enhance overall efficiency and productivity?
Value-add activities are tasks that directly contribute to the creation of a product or service, while non-value-add activities are tasks that do not add value to the final product or service. To identify and eliminate non-value-add activities, businesses can use techniques such as process mapping, value stream mapping, and conducting time studies to analyze and streamline processes. By focusing on eliminating waste and inefficiencies, businesses can enhance overall efficiency and productivity.
How would you describe a non value added activity?
activities such as, receiving, forming, assembling, testing, painting,and packing and shipping, do all sonsidered value-added activities
Based on your work experience and qualifications how can you add value to the job sector?
BASED ON YOUR WORK EXPERIENCE AND QUALIFICATIONS, HOW CAN YOU ADD VALUE TO THE JOB SECTOR
What is the difference between value added and non-value added activities?
consumption of fixed capital
