Question

A bicycle manufacturing company adopted a new type of inventory management system. This inventory system improved the productivity of its manufacturing unit and the quality of its bicycles. This is an example of _____ innovation.

Answer 1

Answer:Process Innovation

Step-by-step explanation:

Process innovation is part of innovation which involves skills, facilities and technologies that are utilized in delivering and promoting a product.

There are various way to make this innovation better since it involves so many things like a company can innovate ways that can make their equipment work better and implement new technology that will make their manufacturing process efficient.

Also innovation process can be done on tools ,techniques and software which are used in delivering the products and innovating tools that are used to sell it

Process innovation is usually an internal process,it has less risk because the company is able to reduce the cost accumulated during production and raise their revenue.