Process Innovation

Business Process Re-engineering (BPR): Process Innovation
Business Process Re-engineering (BPR) aims to lower costs and improve quality through a radical reassessment of an organization's working methods, leveraging enhanced information technology for fundamental redesign.
Process Innovation
Process innovation refers to the implementation of a new or significantly improved production or delivery method. This can include changes in techniques, equipment, or software and aims to increase efficiency and effectiveness in an organization.

Accounting Terms Lexicon

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