Cut-throat competition in industries has driven companies to find ways to reduce costs while increasing efficiency. To accomplish this, most companies have skillfully endeavored to streamline Sales, Operations Planning, Forecasting, Inventory Management, and Logistics. One area that has still not grabbed industry’s attention is out-bound Supply Chain Management–from packaging to final delivery. Companies generally neglect […]
Tag Archives | six sigma
How to Achieve Personal Growth Using Lean Six Sigma?
“If you work hard for your job, you make a living. But, if you work hard on yourself, you can make a fortune.” – Jim Rohn My first inspirational book, about change and personal growth, was about Total Quality Management. The first question that came to my mind, while reading Environmental TQM, was how can […]
Are You Finding It Difficult to Deploy Six Sigma?
As the case with all management models, the theory may come easily, but execution can be tough. The same goes with Six Sigma. To assist with Six Sigma deployment, follow the Six Sigma Maturity Model. The Six Sigma Maturity provides a structured, phased approach to implementing Six Sigma over 5 logical stages. This methodology helps Six […]
Flevy Author Spotlight: Our Interview with Lean Pioneer, Vishnu Rayapeddi
Lean Management has been an area of increasing interest for Flevy customers. As of now, we have over 300 documents related to various Lean concepts and Vishnu Rayapeddi contributed close to 100 of these documents–with a focus on training series. Vishnu is a pioneer of Lean Management, combining the power of Lean Thinking, Six Sigma, Balanced Scorecard, and other best-class […]
Just-in-Time vs. Just-in-Case: An Inventory Dilemma
As manufacturers are reaping the benefits of Lean and Lean Six Sigma or other continuous improvement processes within their facilities, the importance of eliminating waste still hold sway. So the question now facing these manufacturers is this: Has the time come where Just-in-Time (JIT) inventory levels need to be changed to Just-in-Case levels? With the […]
Flevy’s Definitive Guide to Operations
This is a guide to navigating Flevy to find the documents and other resources you need related to Business Operations. “Operations” is a broad, vague term. It can convey a lot of different meanings to different people. If you don’t find what you are looking for in this article, please email us at support@flevy.com. First, a very […]
Lean Inventory Management: Using Lean Initiatives to Manage Inventory
More firms are implementing lean inventory management techniques to reduce costs, improve flexibility and have more time to focus on their customers. Lean supply chain and inventory management enable Small Medium Businesses (SMB) to improve efficiency and increase profits. As firms look to reduce waste, increase turns and be more flexible with their inventory, management […]
Introducing Flevy Business Toolkits
We recently added end-to-end Business Toolkits to our document offerings. Each toolkit is a collection of multiple documents that, when used together, provide a comprehensive and holistic framework for a project or business topic. Below are several examples: Product Launch Strategy https://flevy.com/business-toolkit/product-launch-strategy-pls Performance Management https://flevy.com/business-toolkit/performance-management-perf Marketing Plan Development https://flevy.com/business-toolkit/marketing-plan-development-mktg Balanced Scorecard https://flevy.com/business-toolkit/balanced-scorecard-bsc Project Management https://flevy.com/business-toolkit/project-management-pm […]
Starting a Business? Build a Solid Foundation for Your Supply Chain
So you have started to set up your own business. You know what you want to supply. You know who you want to supply it to. Great. Now, how the heck do you do it without burning wads of (hard to come across) cash? Supply chain and efficient business go hand in hand and have […]
