What is Supply Chain Management ?

A supply chain management or SCM is an active administration of supply chain activities. These activities cover everything from product growth, sourcing, logistics, production and information systems.

It often deals with the integration of multiple processes in the supply chain needed for establishing value for both stakeholders and customers. This scheme spans all movement of raw materials, work-in method inventory and distribution of finished goods.

It also includes all company employees, organizations, technologies, resources for production and other related details that would help the process in achieving business success. For further details about supply chain management, take the succeeding paragraphs as your guide. Continue reading →

Step by Step to Implement Six Sigma

Six sigma is known as a set of business tools and strategies that seek to improve the worth of process outputs. This is part of the business culture that aims a near to perfection operation.

This is done through identifying the defects to minimize the variables in manufacturing processes. It comprises a set of quality management methods like statistical methods to go for “zero defects”.

This initiative revolves in a few concepts. This includes critical value, defect, process capability, variation, stable operation, and the design for this method. This is helpful in the business world because it creates an environment for improving productivity. Continue reading →

Safety and Health Workplace – Effects to All Workers

Safety and health workplace is very important to every individual. Once you are working for good, you need to follow safety measures. If you are not safe enough to work with your colleagues inside the company, then there is no need to stay on that particular work. It is a must for every employee to have safety and health workplace so that you may be able to secure yourself from any cost. Sometimes, the workplace’s health and safety is being directed into an unusual cost whether it is direct or indirect.

There are some instances that accidents or injuries on the workplace cannot be avoided. That’s why it happens due to some foreseeable circumstances. In relation with this, a direct cost associated would be very harmful for people. For further information, here are some of the direct costs associated with these different accident injuries in the workplace: Continue reading →

Achieve Business Success with Effective Product Planning

Product planning is a method of identifying and developing new products. It serves as the basis in deciding about the price, distribution and marketing of the finished good. This method involves various phases. These phases include the input collection, refining ideas, approving and designing projects, improving market requirements and product development.

Both novice and expert businessmen should know the process of product planning. If you don’t know its accurate procedures, take the following paragraphs as your guide: Continue reading →

Key Elements of Operations Management

Operations management is a business area that concerns with the production of goods and services. It involves overseeing, designing and managing the process of business operations. This method covers the responsibility of ensuring that the company is offering an effective strategy.

It also focuses on the techniques and tools that a manufacturing firm uses to guarantee a smooth production procedure. With operations management, corporate leadership will enables you to allocate the right amount of time to numerous business ideas.

The typical examples of these are strategic management, long-term profitability and employee productivity. This application allows the segment chiefs and department heads to cope with external factors. As a result, they may find ways to beat the market competition. Continue reading →

Advantages and Strategies of Lean Manufacturing Method

All businesses aim for success, and one way of achieving it is through cutting of expenses. This can be done through lean manufacturing system. This method is also known as lean enterprise or lean production.

It is a concept on how to manage or run a business that focuses on “zero or no waste” policy. These wastes can be on different types, and these are over-production, inventory, conveyance, motion, correction, processing, transportation, waiting and underutilized people.

For customers, this is known as a production practice that is focused on the different strategies on how to consume the value of a specific product or service offered. This is centered on preserving the value with less effort or work. Quality is very essential in lean manufacturing. Continue reading →