Leadership is a fluid procedure. As all the organizations thrive in a dynamic environment, it shows that they keep changing and improving themselves to keep up with such an environment. Further in this article, take a look at what is leadership style, its types, and the best leadership styles & qualities to thrive in the VUCA world.
1. Democratic
2. Autocratic
3. Laissez-Faire
4. Strategic
Author: Manish
The way to reduce inventory isn’t to purchase LESS; the key is to purchase LATER. Teams that use this inventory-reducing strategy and mindset will free up staggering measures of capital for their organizations.
Over the last few decades, the corporate world has evolved drastically, and we now live in a connected culture where change is fast-paced, constant, and unpredictable. We can also say VUCA World also impacted the Corporate world.
Statistical process control (SPC) is a technique for applying statistical analysis to monitor, measure & control processes.
MSA is defined as an experimental & mathematical approach that finds out the amount of variation that exists within a measurement process and minimizes the factors putting up to process variation that is truly coming from the measurement system.
An abundant quantity of waste can occur in the workplace, specifically in a manufacturing process, but do you know what are the 8 most commons wastes and how they affect your organization?Defects: Products or services that don’t meet company standards.
Lean has several tools that we can apply to operations & projects. So, These techniques permit to map out the value stream, identify & remove waste, produce value to the customer, and lead organizational change. Top Lean Tools
The term lean thinking transformation is used to describe all the tactical, strategic, and operational improvements that an organization undergoes for creating more value for its customers.
The Supply Chain KPIs are a measure that defines & evaluates how successful an organization is. In today’s highly global & competitive marketplace, most businesses have noticed the value of investing in supply chain improvement. If investments is make, then an evaluation of their returns must be there.
Just-In-Time (JIT) manufacturing is a production model based on the Toyota Production System, used to eliminate waste and in which business owners produce products once a customer has requested & paid for it, not created in excess or in advance of need.
A supply chain 4.0 contains all the businesses & individual contributors involved in developing a product, from raw materials to completed merchandise