What is Lean Manufacturing? 5 Principles, 8 waste, PDF
We can define lean manufacturing as a production process based on an ideology of maximizing productivity while simultaneously minimizing waste within a manufacturing operation.
Sukanta Maiti
What is Six Sigma (6σ)? Principles, Methodologies, Certification, PDF
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.
What is Group Purchasing Organization (GPO)? types, working, Pdf
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
What is Forecasting? methods, process, PDF
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.
What is 5S methodology? History, benefits,PDF
5-S is a system for organizing spaces so work can be performed efficiently, effectively, and safely.
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.