Integrate economic operations from conception

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Question

In today's market, it is critical to integrate economic operations from conception to completion since this allows manufacturers to determine which economic strategies best suit the needs of their customers and users. A manufacturing organization can produce additional value, enhance resource efficiency, and ensure cost-effectiveness by providing the required things at the appropriate time and location with the slightest delay and distortion. As a result, the company will have a competitive advantage over its competitors in the industry. The supply delivery chain of a manufacturing firm is precisely and effectively managed to improve all operations by combining financial relations from conception to completion (Minculete & Olar, 2014). One advantage of integrating a manufacturing company's economic issues is that it allows for increased efficiency and profitability. Surprisingly, by integrating its financial matters, a corporation can boost its medium and long-term profitability and productivity.

Reference no: EM133678230

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