Six Sigma has proven to be an effective methodology for reducing variation in the manufacturing process. It enables businesses to streamline their operations by reducing or eliminating defects in manufacturing processes. As a result, business output improves, resulting in cost savings, increased customer satisfaction, and a higher bottom line. And, because of its emphasis on continuous improvement, organizations are better positioned to continue improving in the foreseeable future and reap addit
Warehousing costs at most firms are extraordinarily higher than they ought to be. Across the world, organizations spend around €300 billion annually on Warehouse Management. With the boom in online retail stores and the increasing complexity of Supply Chain Management, this spending is going to surge further.
The leadership at these organizations understands that they should spend less on Warehousing operations, but is not aware of the real costs associated with it. Most leaders are unable to
The Value Chain concept, first described by Dr. Michael Porter in 1985, is a series of actions that a firm—in a specific industry—accomplishes to produce a valuable product or service for the market. The value chain notion visualizes the process view of an organization, perceiving a manufacturing or service organization as a system comprised of subsystems of inputs, transformation processes, and outputs.
Another way to define the Value Chain principle is, “transforming business inputs into outpu
All about Consumer Vehicle Telematics
Consumer vehicle telematics is the technology and services meant for easy transmission of communication within passenger cars in real time. These services include in-car consumer services, GPS navigation, traffic, local search (e.g. gas stations, restaurants) and concierge services. The growth in the telematics marketplace is driven by the growing number of vehicle safety and security regulatory requirements. Telematics is a new automobile communication techn