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Fact Based Management
is a concept that provides a basic framework for the analysis and
redesign of work processes with the goal of increasing production
and profits while reducing costs within the organization. The redesigned
work processes are individually tailored to the specific needs of
the organization. The core competency within FBM resides in the
ability to effectively implement "results-based" operating improvements.
Results that
a company can expect from the implementation of the Fact Based Management
process can range from $4 million to over $1 Billion in profits.
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