Whether you’re a big or small business and no matter what product you manufacture or service you provide, you’re always looking to deliver the highest quality and greatest value for your customers. One way to achieve these goals is through…
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Both projects and business processes consist of a series of activities that need to be planned, scheduled and tracked. A workflow diagram is one of the tools project managers and team leaders can use to map out tasks and workflows….
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Every business needs resources such as labor, raw materials, equipment and other inputs. Your team uses resources to execute a variety of projects such as making products or providing services. These resources must be purchased by your organization, and the…
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A key goal in manufacturing is to get products to market faster while keeping costs down, which is why many manufacturing companies embrace just-in-time manufacturing (JIT). JIT helps manufacturers streamline production planning, reduce their production costs and improve their lead…
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Manufacturing requires the right balance of many factors. One of the most important is inventory management—the materials and components needed for the manufacturing process. The more efficiently a company handles its material requirements, the more profit it will find. And…
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Anyone who has delivered a product or service understands the triple constraint. Time, cost and scope have to be controlled to successfully complete a project. However, there’s a fourth constraint that’s less discussed: quality. Cost of quality (COQ) helps you…
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Ideas are essential to product development, but they’re intangible. Turning an idea into a product requires many steps. One of the first is to create a product prototype. If you want to know what product prototyping is, you’ve come to…
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A project isn’t successful just because it’s been completed on time and within budget. There’s another project constraint that is critical to success: quality. Stakeholders aren’t going to be happy if the quality of the product or service doesn’t meet…
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Manufacturing requires an understanding of production, its phases and when you need to assemble the product you’re building. Mapping this out with a production flow chart ensures a more seamless process. What is a production flow chart? We’ll get to…
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All businesses have assets, and if you want to stay in business, you need to know what those assets are. To start, you have to do an equipment inventory and make an equipment inventory list. That’s not as easy as…
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When you make something, you better ensure there’s nothing faulty about the product. If a customer buys your product and it doesn’t work, at best, you’ll lose a customer and at worst, you’ll be served with a lawsuit. Simply put,…
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Companies have goals and the goods or services they produce must align with those goals. Everything has to work together, including resources and processes, to help achieve those goals as efficiently as possible to stay in business. Having an operational…
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Manufacturing is a complex process. It requires balancing production capacity, inventory levels, material requirements and other aspects to fulfill orders. Once you’ve aligned these project aspects, you need to schedule your production. Creating a master production schedule is crucial in…
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