management system

  

Definition

Documented and tested step-by-step method aimed at smooth functioning through standard practices. Used primarily in franchising industry, management systems generally include detailed information on topics such as (1) organizing an enterprise, (2) setting and implementing corporate policies, (3) establishing accounting, monitoring, and quality control procedures, (4) choosing and training employees, (5) choosing suppliers and getting best value from them, and (6) marketing and distribution.

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