APIs vs Webhooks vs WebSockets
Webhooks and APIs are two different ways of getting data from one place to another. They both have their advantages and disadvantages, so it’s important to understand the difference between them before choosing which one to use. API vs Webhooks An API, or application programming interface, is a set of rules that govern […]
What are the Determinants of Business Performance?
Business performance is a measure of how well a business is doing. It can be measured in terms of financial indicators such as profitability and revenue growth or other factors such as customer satisfaction or employee engagement. Improving business performance is a crucial goal for business owners and managers, and there are many different ways […]
Digital Twins: How Simulation Can Improve Your Business?
Can digital twins help businesses increase productivity? If so, how can this principle be used optimally!? Industry 4.0 has put forward several tools and design principles to improve business productivity. In his research, (Ghobakhloo, 2018) identified 12 principles and 13 tools related to this new industrial revolution. In this article, the principle of digital (or […]
Project Profitability Analysis: Aim for Success!
The profitability analysis makes it possible to ensure project profitability. At least, it reduces the risk of loss! One of our articles on the relationship between time and money is intended to familiarize the reader with the principles of equivalence. This makes it possible to compare payments (or series of payments) by finding their equivalence […]
Time-Money Relationship: Profitability and Free Calculator!
Everyone has heard the famous expression: “Time is money”. Indeed, when we stop there, we exchange our time for money every day. One can work for a company, manufacture products in order to sell them, build an e-commerce business, sell one’s services, etc. In short, we exchange or transform our time in order to make […]
Sampling Plans and Batch Control : Complete Guide – 100%!
The sampling methods presented in this article can be used at the reception, during production, or at the shipping of a company. With regard to reception, we seek to validate the quality of a batch of materials or products received. During production, we can use sampling plans to control batches of units we just produced. […]
Production Monitoring: What? How? Why? – Tools!
Production monitoring, What? How? Why? This article aims to answer these questions in addition to offering you some tools to start tracking Your own Goals now! What is Production Monitoring? Production tracking allows you to: Monitor your goals Control and predict their achievements Increase its responsiveness (Preventive Maintenance, Monitor productivity […]
Production Capacity: Profitability and Satisfaction!
Production capacity is an important element for any business. In order to optimize the profitability of its operations, we want to sell as many products or services as possible. However, we do not want to compromise the satisfaction of our customers and our employees. Indeed, if we try to sell more products or services than […]
Master Production Plan: Simple Explanations!
Now that the overall (strategic) and integrated (tactical) plans are complete, let’s move on to the master production plan (operational). The master production plan aims to schedule the weekly manufacturing of finished products based on actual market demand. From this stage, we no longer operate in equivalent units (EU), but rather by product. The master […]
Integrated Production Plan: Explanation and Free File!
An integrated production plan is not just a process—it’s an art. This tactical methodology aids in aligning a company’s production activities with its anticipated demand, ensuring the company produces the right items, in the right numbers, at just the right moment, all while streamlining costs. As for the strategic plan, it corresponds to the global […]
