Tourism contributes enormously to economy and financial growth of tourist destinations across the globe. The sector was providing jobs to around 260 million people and contributing to over 10% in global GDP, based on 2010 numbers. These numbers are growing and will continue to so in future. However, these financial benefits do not occur without […]
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Eliminate Non-Value Added Activities in Your Organization
Recession or boom, companies need to sharpen their competitive edge by applying Lean Management principles to cost reduction—that is, the elimination of non-value-added activities or waste in the value stream processes. Be Lean In the Lean Management philosophy, all activities in an organization are grouped into two categories: value-added (VA) activities, and non-value-added (NVA) activities. […]
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