Business Management System: Business management
systems are the company’s practices, policies and
procedures. They plan and direct the activities of the
organization’s personals in applying company resources to
satisfy customer requirements. Business management
system are critical because no company has unlimited
resources. The winners in manufacturing are those who
understand how to maximize the amount of value they add
while minimizing the resources they require to add this
value. The most precious resources in today’s
manufacturing and business world in general is time.