Definition
Pictorial summary (graphical algorithm) of the decisions (such as production, storage, transportation) and flows (movement of information and materials) that make up a procedure or process from beginning to end. One of the seven tools of quality, a flowchart shows how the entire system functions, and where error and wastes occur. This information is used in defining, documenting, studying, and improving the system. Also called flow diagram, flow process chart, or network diagram.
Related Articles
- Your Small Business Turns a Profit. What Now?
- Which Organizational Structure is Right for Your Business?
- Self-Employed Retirement Plans: Which Is Right for You? *
- Can Commodities Affect Currency Rates? *
- Different Types of Financial Advisors *
- How to Set Up a Budget *
- Introduction to the Economy, Fiscal and Monetary Policy *
- "Buy Condor" Stock Option Investment Strategy *
Related Videos
http://www.businessdictionary.com/definition/flowchart.html


