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Production and operation
Submitted by admin on Fri, 05/25/2012 - 01:34
English
Body:
Converting inputs into outputs is defined as producing or manufacturing. Handling products usually invoilves three units including marketing, financial acting and operating in which marketing supplys the demands of products, financial acting processes the value streams and operating add value to the final products. So 1-2% cost saving in operations can produce 5-20% increase in net profit according the statistics from American Business.
The ultimate competitiveness of product comes from the eternal excellence of operation and management.