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Today the world is a huge marketplace, the borders have blurred, and countries depend on each other for everyday products. China has made a name for itself as being the world’s largest exporter. Therefore global trading options are increasing each day. With growing demand, you need to have a balanced system; otherwise it could [...]
Mass Customization Mass customization is considered to be the happy medium when the buyer wants you to make customized, made on order goods but you want to produce and sell the product at a minimum price to cope up with the mass manufacturing. In some cases, the buyers become really picky with their choices [...]
The world of business is filled with quality programs and quality experts; however, for a lot of small and midsized businesses, an encompassing quality program with the aid of high level mathematics is definitely not one of the best steps to improve quality within the Organisation. So, how can quality be achieved? Well, here [...]
Lean supermarket is the strategy which can be executed as a conjunction between different stages while plotting value stream mapping. Indeed, if one wants to see lean concepts at work than shopping is one of the best places to view that. This is for the reason that a huge segment of the lean foundation [...]
What is an ISO 9001 gap analysis? One of the first steps in your Quality Management System (QMS) transition or implementation project is to compare your current QMS to the requirements of the ISO 9001 standard. This is most commonly called a gap analysis. There are a few recommended steps to be completed before [...]
Employee Empowerment In the current era, “Employee empowerment” has turn into the new hot topic in organizational culture. Although it has been embraced by big multinational businesses, there are still lots of organizations that are new at it especially in the developing countries. Employee empowerment consists of many key elements and yes it can [...]
The Cp and Cpk are well known capability indices commonly used to ensure that a process spread is as small as possible compared to the tolerance interval (Cp), or that it stays well within specifications (Cpk). Another type of capability index exists which is referred to as CPM. This capability index is much less [...]
Cross training simply means improving the employees with training them to do the different part of the organisation’s work. To further explain, we can say training an employee A to do the work of employee B and training the employee B to do the work of employee A. There are several advantages for the [...]
The professionals of supply chain management experience the task of facilitating a plausible and clear networking business setting very often, an environment which is free from dishonesty, fraud, corruption and nonconformity. According to experts a business entity should never risk the reliability and trustworthiness of their supply chain management practices, even in their premature [...]
What is ABC Analysis When we talk about ABC analysis steps in light of Inventory optimization in supply chain, it means a method of inventory categorization in which items are divided into three classes A, B and C. A indicates the most important items and C indicates the least important ones. Objective of ABC [...]
