INTRODUCTION: Today’s competitive market’s main aim is to satisfy customer needs in limited period of time. The faster the product is brought to the market the more competitive edge the company is likely to have as faster product availability is key to increasing sales. The importance of speed-to-market has made […]
INTRODUCTION TO 6 SIGMA Six Sigma is a method that provides organizations tools to improve the capability of their business processes. This increase in performance and decrease in process variation lead to defect reduction and improvement in profits, employee morale, and quality of products or services. Six Sigma quality is […]
The popular definition of lean is: “It is a comprehensive set of techniques that, when combined and matured, will allow you to reduce and then eliminate the seven wastes. This system not only will make your company leaner, but subsequently more leaner more flexible and responsive by reducing waste.” “A […]
The equations of various productivity measurement methods are given below:- A. Physical Productivity Measurement Method:- Labor Productivity = (volume of output) / (Volume of labor input) Material Productivity = (volume of output) / (Volume of material input) Machine Productivity = (Volume of output) / (Volume of machine input) Energy Productivity […]