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.
Industrial engineering
What is Financial Management? (PDF Included) Definition, 5 Scopes, Importance, Types, Objectives, Functions, Advantages and Disadvantages
financial management refers to the diplomatic planning, organizing, directing, and supervising of financial undertakings in an organization. It also comprises applying management principles to the financial resources of an organization, while also playing a significant part in economic or budgetary management.
What is Crisis Management? Types of Crisis, Definition, Importance, Advantages Disadvantages
Crisis management is the approach of anticipating crises at the corporate level and planning how to deal with them effectively to prevent any threat to an organization.
What is Strategic Management? Definition, Process, Types, Advantages, and Disadvantages
Strategic management is the process of planning, monitoring, analysis, and assessment of all necessities an organization needs to meet its aims and objectives.
Three-Way Matching: Definition, Components, Objectives, Advantages & Disadvantages |PDF
Three-way matching of vendor invoices is an essential internal control process. Using this process, a company can bypass profit drains from making erroneous, duplicates, or fraudulent payments. It is a method for processing a vendor invoice to ensure that payment is complete and accurate. The primary objective of this process is to save businesses from overspending or paying for an item that they didn’t receive.
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 Sales Forecasting? | Sales Forecasting Method, Types, Importance, and Elements | Sales Forecasting PDF
s forecasting is an essential business practice. Sales forecasts allow business leaders to make wiser decisions about setting up goals, budgeting, hiring, and other things involving cash flow.
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.