Inventory management is at the core of each business’ trading activity, a key component of supply chain management. It is a vital process of monitoring, managing, and controlling the stock items of your company. It...
You’ve heard about Lean, the business approach behind Toyota’s success. Achieving more by using fewer resources is just what you want. You love the idea of Kaizen (continuous improvement), and you’re ready to implement these...
The Pareto chart analysis is a statistical graphical technique used to map and rank business process problems starting from the most frequent to the least frequent with the ultimate goal of focusing efforts on the...
The word business process is used everyday in various business scenarios. Business after all, has such a wide variety of applications. As such, the range of business processes has become vaster and vaster each day....
To stay competitive in your industry, it’s essential to constantly analyze & improve your business processes. This allows your business to operate as efficiently as possible, minimizing your expenses and maximizing profits. Process improvement, however,...
A process flowchart is a graphical representation of a business process through a flowchart. It’s used as a means of getting a top-down understanding of how a process works, what steps it consists of, what...
You’re looking into process improvement, and BPM (Business Process Management) sounds like a great idea to fine-tune the way you work. But now, you discover a whole lot of buzzwords and terminology, and one of...
Procedures are essential for making your business as efficient as possible. Your business already has processes – they’re the repeatable work your employees do every day. Think, approving an invoice, fulfilling orders, etc. A Standard...
No matter how efficiently your business carries out its processes, there’s always room for process improvement. Efficient processes can make your business more profitable, help you to improve quality and customer experience, and ultimately, enhance...
Quality management is a topic that is close to any business owner and manager’s heart. Whatever business we undertake, we want to do it well – and if we can be the best, outdoing all...