What is 5S methodology? History, benefits,PDF
5-S is a system for organizing spaces so work can be performed efficiently, effectively, and safely.
Sukanta Maiti
What is Inventory?
Inventory or stock is the term refers to the goods and materials that a business holds for the goal of resale, production or utilisation. In a manufacturing industry, inventory is not only the final goods manufactured and ready to sell, but also the raw materials used in manufacturing and the semi-finished goods in the warehouse or on the factory floor. … Read more
What is Total Productive Maintenance (TPM)? 8 pillar of Total productive Maintenance, PDF
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.
What is Inventory management?
Inventory Management can be defined as a systematic approach to ordering, storing and using a company’s inventory. In business terms, inventory management means the right stock, at the right levels, in the right place, at the right time, and at the right cost and price. What is inventory management? If you’re just starting out in a … Read more
What is Predictive maintenance? Process, Advantages and disadvantages, pdf
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.
What is Order Management process? Working, Importance, Pdf
Whenever a customer places an order with a store, a process begins that runs in the background until they finally receive their product. This is called the order management process.
What is Supply Chain Management (SCM)? – Working, Importance, example, PDF
We can define supply chain management as “Design, planning, execution, control, and monitoring of supply chain activities to create net value, building a competitive infrastructure, leveraging worldwide logistics, synchronizing supply with demand and measuring performance globally“. What is Supply Chain? A supply chain is a combined network of individuals, organizations, resources, activities, and technologies involved in the … Read more
What is Procurement? Definition, Process
Procurement is a process of acquiring goods and services. Procurement is commonly a part of the input to a company that uses the procured goods or services in the making of their own final product.
Procurement vs Purchasing: Difference between Procurement and purchasing
If you ask a layman about procurement vs purchasing, he will tell you that they are one and have the same meaning, but if you ask a purchasing manager he will explain to you how and why there is differences between procurement and purchasing.
What is Materials management? Objectives, Functions of Materials Management, pdf
Materials management is important as most manufacturing concerns spend more than 60% of the money they take in, on materials. That means materials soak up a substantial portion of the capital invested in the industry.