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Essay text:
Process is defined as a set of activities performed by an organization that takes inputs and transforms them into outputs ideally of greater value to the organization than the original inputs (Chase, Jacobs & Aquilano, 2005).
Process analysis helps the manager to identify the various processes involved to implement strategies in the organization. The key terms in process analysis is the cycle time and utilization. Cycle time is the average time taken between completions of successive units. Utilization is the ratio of time that a resource is actually activated relative to the time that is available for use...
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