Examples and Tools for Quality Improvement in Lean Manufacturing Processes and Organizations Quality Improvement Examples: Lean manufacturing is manufacturing concept which stresses the elimination of waste in any form. Costs which do not help the benefit of the product or service will be not economical within a lean manufacturing setting. Any time waste reduction is … Read more
3 Major Types of Manufacturing Costs Direct Materials Costs Cost of raw materials utilized in the production process is actually one of the most typical production costs businesses measure. You need to always try to deal with suppliers to obtain the best prices for direct materials, and you need to start quality control techniques to … Read more
Top Cost Accounting Practices Used in Profitable Service Companies Within very competitive marketplace, service providers tend to be frequently trying to control their costs and also improve productivity. Even though cost accounting has been initially designed in the production industry, they have proven valuable within the service business likewise. Cost accounting offers correct snapshot … Read more
Key Performance Indicators for Quality Assurance and Quality Management Examples and Templates KPIs for Quality Assurance Examples: Creating and delivering quality products to customers can be a tough job. Customers expect so much from us these days that if our product is not their quality – yhey probably won’t use it again because … Read more
Key Performance Indicators for Warehousing and Distribution KPIs for Warehousing and Distribution: Properly managing products in your warehouse then distribute it to retailers or customers is critical. This can sometimes be a tedious and difficult process. Measuring the different processes going into warehousing and distribution will make things much easier. Using key performance … Read more
How to Define your KPIs to Make Better Business Decisions How to define your KPIs: As business managers measuring the efficiency of key operations and your different business performances can really be very important towards your success. Just imagine a business that is just getting by day to day without measuring any key … Read more
Financial Metrics Important for Making Marketing Decisions The main aim of every business venture is to make profit. In most cases the efforts made in making a business successful are creation of perfect products, sales generation and good customer relations. However good you are at these factors you must have a perfect understanding of key … Read more