Search results for keyword: kpis
Picking Process Control
Picking Process Control
Picking process control is an essential component of effective inventory management and order fulfillment. It is important to establish and monitor an efficient, reliable, and safe system to ensure that orders are accurate, securely shipped, and delivered on time. This art......
1098 
Lila
measurement mark
We are always looking for ways to measure success, and we can do this with a certain degree of certainty through benchmarking, metrics and other measurements. Benchmarking compares our performance to that of our peers or competitors, while metrics provide a standard by which to measure our progres......
ship operator
Ship Operating
Being in charge of a boat or a fleet of vessels is a vast responsibility. Ship operating is an important sector within the international maritime industry, and the process of managing a single vessel or a large fleet requires plenty of knowledge and skill. In this article, we will ......
DMAIC model
Six Sigma DMAIC Model
Six Sigma is a data-driven methodology used to improve the quality of products, processes and services in organizations. The acronym “Six Sigma” stands for “Six Standard Deviations from the Mean.” According to the methodology, eliminating defects and improving quality re......
MRO management
MRO (Maintenance, Repair, and Operations) Management
MRO (Maintenance, Repair, and Operations) management is the process of inventorying, tracking, and managing equipment associated with a company’s operations. It is used to ensure that the company has enough resources and materials on hand to ......
Benchmarking
Benchmarking Analysis
Benchmarking, or comparison to a standard, can be an effective tool for improvements in business performance. In this way an organization can continuously measure performance with that of its best competitor or its own historical performance, in order to identify and make im......
Cost Center
A cost center is a segment of a business that does not directly contribute to profits, but which expenses must be tracked in order for the business to determine where money is being spent. Examples of cost centers in a business are departments such as human resources, sales, marketing and administ......
Consortium strategy
Alliance strategy
Introduction
Alliances are increasingly being used by firms as a way to gain greater competitive strategies and to build stronger market positions. An alliance strategy is a strategic initiative taken by a company in order to create a joint venture that will provide a platform ......
Corporate level strategic framework
Strategic Framework for Company Layers
Company Layers is a large multibillion-dollar business that operates worldwide in multiple industries. As the company grows and expands, its strategic framework must evolve with the changing business environment. The following is a strategic framework that a......
Supplier Management
Supplier Management
Effective supplier management is a key element for success in the modern business world. Supplier management helps ensure that business owners have access to high-quality goods and services that are cost-effective and meet the business objectives.
In order to create a success......
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