Ford Motor Company reorganized its procurement process by simplifying and streamlining the process itself and as a result was able to cut the size of the accounts payable department by 95 percent.This is an example of:
A) retrenchment.
B) kanban.
C) kaizen.
D) continuous improvement.
E) reengineering.

Question

Quizplus · Accepted Answer

Reengineering is the fundamental rethinking and radical redesign of business processes to achieve dramatic improvements in performance such as cost,quality,service,and speed.

Ford Motor Company Reorganized Its Procurement Process by Simplifying and Streamlining