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 […]
The Global Production Plan: A Deep Dive
In any successful company’s toolbox, the global production plan stands out as a critical asset. Often interchangeably termed as the business or overall production plan, it serves as a blueprint for a company’s long-term strategies. At its core, this plan aims to weave together the essential elements of marketing, finance, and production functions over a […]
SaaS API : Same or Different?
Software as a Service (SaaS) and application programming interface (API) are two terms used frequently in the business world. You will see these terms more and more as they are now part of our daily lives. Top companies such as Amazon, Microsoft, SalesForce, Hubspot, and many others have set the pace in the technological race […]
Technological Performance : Road To Success!
Technological performance is based on two concepts for which there are several definitions. As (Surry & Stanfield, 2008) explain in their chapter titled “Performance Technology”, if one asks the question “What is performance” or even “What is technology” to 10 people, we are likely to receive 10 different answers. In order to clarify what technology […]
Design of experiments : Reduce the costs of your performance
In an age where data drives decisions, understanding the intricacies of the design of experiments is paramount. Whether in business, engineering or even our daily lives, the ability to discern how different factors affect outcomes can lead to more informed decisions. The Design of Experiments (DOE) is a powerful tool for this purpose. This article […]
