to achieve time, quality or cost reduction targets, organization may:

Expert Solution

Answer:-

To achieve time, quality or cost reduction targets, organization may:-

1)Invest in modern technology

2)Implement total quality management

3)Be proactive in financial planning.

Explanation:-

1)Invest in modern technology:-The modern technology will bring efficiencies in the production process of a company which makes every activity streamlined for the time factor to be minimized.This will ensure the time used to carry out various processes is greatly reduced.

2)Implement total quality management:-The total quality management will ensure that the company is responsive and observes quality as part of the organization in realizing maximum customer service with minimal defects.

3)Be proactive in financial planning:-A proactive financial planning estimates the costs and the financial needs of a company which makes it easy for the company to be accountable and realize cost reduction targets.

keosha answered 1 year ago

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