Modern manufacturing is the element of industrial production and it's trying to bridge the gap in using human labor in terms of cost and efficiency. This article will talk about the influence of CNC machines on modern manufacturing with a detailed explanation of how these ways have influenced the production of several technological products that are used in manufacturing industries. It is important to note that modern technology has had major positive impacts on the manufacturing industries. The
All Posts (6271)
Sort by
Energy costs can drive up a large part of any business's budget. By making some necessary and straightforward changes in the workplace, you can reduce your energy costs. Besides workplace changes, other assistance sources can temporarily help, and we will cover those in detail. However, the significant first step is to complete an internal energy audit, or a professional review and assessment, of your current energy use. You cannot change something unless you know what needs to change in the fi
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 Managemen–from packaging to final delivery. Companies generally neglect Supply Chain simply because they do not consider it their core competency.
A2P messaging is a strong medium for communication that serves companies to communicate to their users. Text messages are one of the popular media of communicating through different gadgets over the networks. It helps in sending and receiving messages to the concerned person.
Growing digitalization in the world is contributing to the increasing penetration of devices like smartphones, within the global economy. Adding to it, we can say that almost every person in the world has at least one commun
Strategy is about the methods used to attain goals. It’s the “how” of achieving goals—desired future conditions and circumstances towards which effort and resources are spent until their achievement.
If Strategy has any meaning at all, it is in relation to some aim or end in view.
Strategy is 1 of the 4 dimensions of an enterprise structure:
- Goals of the organization.
- Resources at our disposal.
- Strategies for achieving above-mentioned goals –i.e., the methods used to deploy the resources.
- Tactics—i.e
According to the ISO 31000 standard, risk management is the process that allows companies to identify, analyze, evaluate, and take action to control the risk situations to which they are exposed. These are adverse events that interfere if materialized, they hinder or affect the achievement of the objectives and can represent damages and losses.
Simply, risk management is a codified way to mitigate the risks that will harm the future of the company. Every action we take has an inherent amount of
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
In the world of the payment industry, real-time payment as an instant payment has got a solid foothold. This payment system is getting momentum due to the introduction of new schemes. Advancement in technology is bringing advancement in the real-time payment system.
It is beneficial for almost everyone whether it is a businessman, organization, or an individual who is paying a restaurant bill. Real-time payment is accompanied by many advantages like a quicker, safe, and secure method of payment.
By: Enrique R. Suarez
Master of Education & International Development
Harvard University
International Business Strategy Consultant/Professor
Agenda
• Historical Background
• Academic Underpinnings
• The Rise of Strategy Consultants
• BCG and the Experience Curve
• From the Experience Curve to Portfolio Analysis
• Strategic Business Units (SBUs) and Portfolio Analysis
Agenda
• Emerging Problems
• Unbundling Industry Attractiveness
• Unbundling Competitive Position
• Co
Artificial Intelligence and Profit-Driven
Supercomputers, Part of the Super-
Rich “Money Game”
“When Technology Buried Science in a
Shallow Grave”
Global Research, February 22, 2021
Even young children can sense that we live in an age in which literally none of the information available is reliable or believable. Information on a global scale is subject to Gresham’s Law: low-quality information spreads everywhere and the truth is hoarded by the few.
What went wrong, and
This is a transcription of our interview with David Asermely, Global Lead - Model Risk Management at SAS.
You can watch the full video interview here. Make sure to subscribe to our Risk Management Show via iTunes, Spotify or other major podcast apps. Just search using the keyword "Risk Management Show" inside your favorite app so that when interviews will start rolling in, you receive your notifications or podcast will download straight to your phone.
Boris: Welcome to our Interview with David
Employee Engagement has emerged as one of the significant pillars on which the Competitive Advantage, Productivity, and Growth Strategy of an organization rests. Employee Engagement has many facets. To assess an organization’s current status of Employee Engagement, executives need to devise a measurement system. Measuring Employee Engagement is vital in shaping Employee Engagement Strategies that help propel the organization towards growth.
A framework that is quite effective in measuring the
Today’s information-based, knowledge intensive, and service-driven economy has forced organizations to make substantial changes to the way they compete. Changing perspective and responsibility of top management amidst rapid Business and Digital Transformation and the shifting role of HR from being an auxiliary function to that of a driver are some of the dynamics of the evolved competition.
This evolution of Competition has been reached by passing through 3 phases:
- Competition for Products & Mark
This is a transcription of our interview with Greg Edwards, CEO at Cryprostopper.
You can watch the full video interview here. Make sure to subscribe to our Risk Management Show via iTunes, Spotify or other major podcast apps. Just search using the keyword "Risk Management Show" inside your favorite app so that when interviews will start rolling in, you receive your notifications or podcast will download straight to your phone.
Boris: Hello ladies and gentlemen and welcome to our interview with
The introduction of emerging, digital technologies has ushered in the Fourth Industrial Revolution. To keep the competitive advantage in this era of Digital Transformation, leveraging contemporary technology is an absolute necessity. Using cutting-edge technology means not just augmenting, but in fact, revamping the whole Quality outlook.
Quality 4.0 is the complimentary Quality approach to the Industry 4.0 era. Quality 4.0 is about transforming and improving Organizational Culture, collaborat
Introduction to Alginate
In the Initial years, alginates were primarily used as an additive and ingredient in the food industry; however recently, alginate has become an essential compound for a broad range of industries and applications like the medical, pharmaceutical, and cosmetics sectors. In the food industry, alginates have been consistently used to coat fruits and vegetables, as a microbial and viral protection product, and as a gelling, thickening, stabilizing, or emulsifying agent.
Algina
No doubt you have heard of groupthink, how the desire to conform - so a group remains of like-mind - can lead to poor decisions. There is another phenomenon at play that I call organisation think, through which the culture of an organisation influences HOW a decision is implemented.
The effect of organisational culture on decision making was powerfully driven home for me by reading Essence of Decision: Explaining the Cuban Missile Crisis (2nd Edition) by Graham Allison and Philip Zelikow. In sho
Portable Fire Extinguishers are the tools that help us to put off the fire in an environment. The incidents of fire are rising in recent times, from household fire incidents to industrial fire incidents. These incidents portrayed the requirement for portable fire extinguishers in each sector.
According to the statement of the National Fire Protection Association (NFPA), 3,390 civilians died and a loss of property of about USD 13.6 billion has been recorded due to the fire incidents in 2016. The f
This is a transcription of our interview with Calvin Lee. You can watch the original video interview here or listen to the podcast episode here.
Boris: Welcome to our interview with Calvin Lee. Calvin is a co-founder and managing director at RiskID, which is a company that markets a collaborative risk management software that focuses on collaboration and ease of use. Calvin, thank you for coming to our interview today.
Calvin: Thank you very much,
Boris: Calvin, could you tell us a short story
