YOUR LEARNING ASSISTANCE
Roles of financial manager : A financial manager is a person who takes care of all the important financial functions of an organization. The person in charge should maintain farsightedness in order to ensure that the funds are utilized in the most efficient manner. His actions directly affect the profitability, growth, and goodwill of the firm.
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We can define lean manufacturing as a production process based on an ideology of maximizing productivity while simultaneously minimizing waste within a manufacturing operation.
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Six Sigma is a quality-control methodology developed by American engineer Bill Smith while working at Motorola in 1986. The method uses data-driven analysis to limit mistakes or defects in a corporate or business process. The six sigma system is a method to work faster with fewer mistakes.
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goods and services. By joining a GPO, you’re able to take advantage of the collective buying power of a group of businesses to get discounts from vendors
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Forecasting is a technique for making predictions of the direction of future trends based on the analysis of past and present data. Businesses use forecasting to determine how to allocate their budgets or plan for expected expenses for an upcoming period of time.
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5-S is a system for organizing spaces so work can be performed efficiently, effectively, and safely.
Read moreInventory or stock is the term refers to the goods and materials that a business holds for the goal of
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Total productive maintenance or TPM is the process of using machines, equipment, employees and supporting processes to maintain and improve the stability of production and the quality of systems.
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Inventory Management can be defined as a systematic approach to ordering, storing and using a company’s inventory. In business terms, inventory
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Predictive Maintenance (PdM) refers to the use of data-driven, proactive maintenance methods that analyze the condition of equipment and help to predict when maintenance should be performed.
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