Posts published in “PLANNING PRODUCTION”

Capital Productivity refers to the efficiency with which a company or organization uses its capital assets (such as machinery, equipment, buildings, and technology) to produce goods or services.

While the term might sound technical, the underlying principles of linear programming are surprisingly intuitive and can be a game-changer for businesses of all sizes.

Process mining software reconstructs the flow of activities and identifies inefficiencies, bottlenecks, and deviations from the ideal process.

Effective supply chain risk management is no longer a luxury, but a necessity for survival and competitive advantage.

Theory of Constraints in Supply Chain Management means identifying and addressing the bottlenecks that limit a system's performance.

Sustainable Supply Chains are about integrating environmental and social considerations into supply chain management.

Supply Chain Optimization is about using quantitative techniques to optimize inventory levels, transportation routes, and warehouse locations.

Agile Supply Chain Management refers to resigning and managing supply chains that are flexible and responsive to changes in demand.

A holistic approach, considering the interdependencies between inbound and outbound activities, is key to achieving optimal supply chain performance.

Simply put, defect rate (or rejection rate) is the percentage of defective products produced within a given timeframe.

One concept gaining significant traction is mini-manufacturing, a decentralized approach that breaks down large-scale production into smaller, localized units.

In the dynamic world of business, efficiency is paramount. While economies of scale focus on reducing costs by increasing the production of a single product,…

Efficiency is a crucial concept in business, referring to the optimal use of resources to achieve maximum output by minimizing waste and maximizing productivity.

In business, productivity refers to how efficiently factors of production, or resources, are converted into outputs such as products like goods or services.

Excess capacity exists when the current levels of demand for a business’s products are less than the full production capacity of a business.