What is Inventory?
Inventory or stock is the term refers to the goods and materials that a business holds for the goal of
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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.
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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.
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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
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What is Total Quality Management (PDF): Definition, Principles, Advantages, Disadvantages, & Implementation
The term ‘total’ defines the entire organisation—all parties, departments and functions are involved in quality management. The system refers to the managerial and technological approaches to obtain quality requirements and business objectives throughout an entire organisation.
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What is Change Management (PDF inside): Types, Principles & Importance
Change management is the systematic approach which deals with the transition or transformation of different organisational objectives, processes, core values, or technologies.
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Stakeholders: Types, Importance & Issues
A stakeholder is a party that has an influence on a company and can either affect or be affected by the organisation. The primary stakeholders in a typical corporation are its investors, employees, consumers, and suppliers. However, with the increasing attention on collective social responsibility, the perception has been extended to include people, governments, and trade unions.
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Human Resource Management; Functions, Importance & Benefit
Human resource management is the organizational function that manages all the issues related to the people in an organization. That includes but is not limited to compensation, recruitment, and hiring, operation management, organization development, security, wellness, benefits, employee encouragement, communication, policy administration, and training.
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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.
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Project Management; (PDF inside) Constraints, Types & Processes
Project Management is the process of leading the work of a team to achieve goals and meet the success criteria of an organization at a specified time. The primary challenge of it is to achieve all the project goals within given constraints. The primary constraints are time, budget and scope. The secondary challenge is to optimize the allocation of vital inputs and apply them to meet pre-planned aims.
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