Practices of World Class Manufacturing
by There are many ways of looking at a manufacturing enterprise. A very good one is to look at it from the perspective of the people …
Tag: Just-In-Time
Schonberger’s Framework of WCM, Gunn’s Model
According to Schonberger’s (1986), the goal of world-Class Manufacturing (WCM) is ‘continual and rapid improvement’. He argues that continual improvement in quality, cost, lead time, …
Global Competitiveness and Manufacturing Excellence
World class manufacturing has been characterised by three core strategies of customer focus, quality, and agility such as the ability to quickly, efficiently and effectively …
Current Trends in Logistic Services
Blockchain Technology The emergence of blockchain technology has enabled logistic companies to failsafe digital contracts. The use of this upcoming technology allows the different stakeholders …
Objectives of Inventory Management
Objectives of inventory management 1. Making Adequate Availability of Inventories The main objective of inventory management is to ensure the availability of inventories as per …
Inventory Management: Minimizing Cost in inventory
Inventory cost is defined as the cost of holding goods in stock. If you’re looking for a way to reduce your inventory cost, chances are …
5S, Features, Components, Challenges, Benefits
5S is a systematic methodology that focuses on organizing and managing the workspace and work flow effectively and efficiently. Originating in Japan, it is part …
Total Productive Maintenance (TPM), Features, Components, Challenges
Total Productive Maintenance (TPM), Features, Components, Challenges
Six Sigma, Features, Components, Challenges
Six Sigma, Features, Components, Challenges
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