What is Scrum? [PDF] Definition, Roles, Pillars, Events, Artifacts, Advantages & disadvantages

Scrum framework

 A scrum is an iterative method, consisting of sprints that normally last 1 to 4 weeks. This method ensures that your team provides a version of the product regularly. it was created using a software model that follows a set of functions, duties, responsibilities, and meetings.

What is Just-In-Time? [PDF] | Definition, Process, Benefits, Disadvantages, and Example

JIT - Just-IN-Time

Just-in-time (JIT) is an inventory management approach in which goods are received from suppliers only as they are required. The main purpose of this strategy is to decrease inventory holding costs and increase inventory turnover.

KANBAN: Definition, Process, Principles, Practices, Advantages & Disadvantages

Kanban Methodology

Kanban is a framework that takes place under the Agile methodology. It was formed in the late 1940s by a Japanese engineer named Taiichi Ohno. The agile Kanban Framework concentrates on visualizing the whole project on boards in order to increase project transparency and collaboration between team members.

What are Quality Standards?

Quality management

Quality standards are sets of good management operations, methods, systems, requirements, and/or specs set up by industry advisory groups to help manufacturers achieve and show consistent production and product quality.

What is Asset Management? Definition, Asset Life Cycle, Types & Softwares

Asset Management

Asset management is a system that helps companies to keep a record of all their assets, such as instruments, machinery, and expenses. Keeping tabs on the assets helps streamline operations. The process also reduces the possibility of recording ghost assets, since all the assets are well accounted for.