Lean production is not just a philosophy. It is a comprehensive toolbox for businesses seeking to eliminate waste and maximize value.
Posts published in March 2024
This article provides a solid foundation for understanding waste (muda) in production processes. It targets seven primary sources of waste.
Invented by Toyota, lean production is a business philosophy of achieving efficiency and waste reduction in the production process.
Communication is both the main cause of business conflict and the remedy for conflict at the same time. It seems like a coincidence, but it is not.
Conflict resolution means taking actions to resolve workplace conflict and differences in opinions. Employers and employees have conflicting interests.
This article explores the hidden costs associated with understocking, highlighting impact on sales, production, and customer satisfaction.
This article delves into the hidden costs of overstocking inventory, highlighting the financial strain it can place on business organizations.
Optimal stock level is a delicate balance that minimizes costs and avoids stockouts (running out of stock) or excessive inventory (stockpiling).
The media and economics have always been in a complex tango, a dance of information and influence. But, can this marriage last in the future?
Industrial actions are measures taken by the workforce or a trade union to put pressure on the employer to agree to the demands of the workforce.
Determining who has greater power in an industrial dispute is a complex question. The balance of power can shift between the two sides involved.
Just-in-Time (JIT) focuses on receiving materials only as they are needed for production. This philosophy aims to achieve a continuous flow of goods.
Just-in-Case (JIC) inventory management, a traditional cornerstone of production planning, prioritizes maintaining buffer stocks in production.
The world of commerce is no longer confined by borders with people doing business around the world. Let's explore different approaches to business.
In the fast-paced world of business communication, two distinct forces shape the narrative: business journalism and Public Relations (PR).
Business journalism thrives on uncovering stories that shape the financial landscape we navigate daily. Here are some compelling research topics.