EffectivenessThe degree to which something is successful in producing a desired result; success. |
EfficiencyEfficiency is the ability to avoid wasting materials, energy, efforts, money, and time in doing something or in producing a desired result. In a more general sense, it is the ability to do things well, successfully, and without waste. |
Reverse LogisticsReverse logistics is for all operations related to the reuse of products and materials. It is "the process of moving goods from their typical final destination for the purpose of capturing value, or proper disposal. |
Value ChainsA value chain is a set of activities that a firm operating in a specific industry performs in order to deliver a valuable product for the market. |
Product A product is an object or system made available for consumer use; it is anything that can be offered to a market to satisfy the desire or need of a customer. |
LogisticsLogistics is generally the detailed organization and implementation of a complex operation. In a general business sense, logistics is the management of the flow of things between the point of origin and the point of consumption to meet the requirements of customers or corporations. |
Supply Chain ManagementThe management of the flow of goods and services, involves the movement and storage of raw materials, of work-in-process inventory, and of finished goods as well as end to end order fulfilment from point of origin to point of consumption. |
RecruitmentRefers to the sourcing and screening of suitable candidates to fill a position from within or outside the organisation. |
SelectionEntails the process of deciding on the most suitable candidate for appointment in a position. |
Performance ManagementProcess that links what individuals and teams do on a daily basis with the larger goals, value and cultural practices of the organisation and the needs of the customers. |