According to a recent study, over 94% of new business failed during first year of operation. Lack of funding turns to be the one of the common reason money is the bloodline of any business.
Browsing: Transformation
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
As we know, agility refers to speed and efficiency. And an agile supply chain is focused on speed, cost, efficiency, responsiveness, flexibility, and productivity in the production and delivery of goods. Agile supply chains rely on real-time data.
The services offered by third-party logistics providers in managing and carrying out different supply chain activities are referred to as 3PL contract logistics operations.
1. Reduce inventory using stock classification
2. Shorter order cycles help in inventory reduction
3. Supplier lead time reduction
1. Hyper-competition
2. New Technology
3. Changing Customers
Laissez-faire leadership is a style of management that has been gaining popularity in recent years. It is characterized by a hands-off approach, where leaders provide minimal direction and support
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.
In this world of transformation Supply chain has become the hottest buzzword of this decade. Supply chain is very important for smooth functioning in an organization. Elements of supply chain management is useful for the both manufac
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.
Overproduction: Producing more of a product than consumer demand.
Waiting: The downtime between steps in a production process.
Non: Utilized talent – Underutilizing people’s skills, talents