Cycle Time Reduction: Strategies to Boost Efficiency
Cycle Time Reduction (CTR) is a strategic approach to improving business efficiency and profitability. It goes beyond traditional cost-cutting methods by focusing on reducing the time required to complete tasks. This method not only cuts costs but also enhances a...
TPM (Total Productive Maintenance): Maximize Equipment Efficiency
Total Productive Maintenance has become a powerful tool to increase equipment efficiency and minimize downtime. This comprehensive guide will explore the meaning, benefits and application of TPM, as well as its pillars. Table of contentsWhat is Total Productive...CTQ Tree: Critical to Quality Explained (Six Sigma Tool)
Critical to Quality is a quality management concept that stresses the importance of understanding customer needs and preferences. Following a CTQ process allows organizations to translate customer needs into performance requirements that can be implemented, resulting...
Pareto Principle (80/20 Rule): What It Is & How to Use It?
Pareto Principle (80/20 rule) is a powerful concept in many fields. From business management to productivity, it has a huge impact. It suggests that 80% of the results are a result of 20% of the efforts. The Pareto Principle is named for the Italian economist Vilfredo...
Heijunka: Lean Manufacturing’s Production Leveling Explained
Heijunka is one of thirteen pillars in the Toyota Production System. It was created to reduce unevenness and save costs. This is a Japanese word for “levelling” or “production smoothing”. It allows companies to optimize their inventory system...
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