Are your offshore facilitates really less expensive? It all depends on how you are calculating your Total Cost of Ownership (TCO). Your TCO calculation should include all the hidden offshore manufacturing costs your new strategy will experience over the life of the project. What are the hidden costs of offshore manufacturing? Continue reading What are the Hidden Costs of Offshore Manufacturing?
Whether you are a manager in a large international corporation or run your own small business, chances are that business process management does rear its head in your everyday activities. Business process management (BPM for short) exists to ensure that employees, clients and other stakeholders reach a mutually satisfying business result in the shortest amount of time. Continue reading A Step-by-Step Approach to Business Process Management
As a manufacturer, you likely have to deal with large investments and the high costs of production, which is also referred to as the Cost of Poor Quality (COPQ), that often represent one of the biggest issues in the industry. If that is the case, finding new, smart ways to save money in an effort to increase your profit margin might be your number one priority. How can manufacturing companies reduce costs? Continue reading How Can Manufacturing Companies Reduce Costs?
Are you working harder these days or working smarter, and how do you know the difference? Many of the reasons we end up working so hard — and not so smart — have to do with our failure to recognize the obstacles that get in our way and waste our precious time. We may just have the wrong paradigm. The focus in a lean thinking paradigm is to eliminate the obstacles, lean waste, or muda (the Japanese word for “waste”). So, what is lean waste? Continue reading What Is Lean Waste?
If you are trying to explain the importance of quality to management, then you need to explain it to management using the language of management — costs and return on investment. Crosby described the cost of quality as the cost of nonconformance. Juran, another quality guru, explained it as the cost of poor quality or the costs incurred as a result of poor quality. What Is the Cost of Poor Quality (COPQ)? Continue reading What Is the Cost of Poor Quality?
Every business should embrace new trends of technologies to make it in today’s competitive markets. One of the technologies most people are implementing in their business is IT automation. Automation tools help businesses to reduce manual intervention. Learn about why automation important in business. Continue reading Why is Automation Important in Business?
Many people wonder how long it takes to execute process improvement, a kaizen, or and continuous improvement program. That depends on your improvement objectives, where your are in the process, and what resources you have to work with. Find out what is the duration of continuous improvement programs? Continue reading What is the Duration of Continuous Improvement?
In the health and safety department, a lot has changed in a mere 14 or so months. Let’s take a look at some of the health and safety changes in the workplace we’re expecting to see this year and how they’re going to complement each other in creating a better workplace.