Search results for keyword: workflow
BPR
Business Process Reengineering
Business process reengineering (BPR) is a business management strategy that focuses on the analysis and design of workflows and processes within an organization. BPR is characterized by a radical, technological-driven approach to improve the efficiency and effective......
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Sophia
Cell production
The introduction of lean production processes, such as cellular manufacturing, has revolutionized the way many companies operate. Cellular manufacturing is a technique used in lean production that breaks down traditional mass production lines into individualized “cells.” Each cell includes all......
JIT
The Benefits of Online Shopping
In today’s technology-driven world, more and more people are turning to online shopping as a means of purchasing goods and services. Whether it’s clothing, electronics, books, or anything else, there’s no denying that the convenience and affordability of online ......
Lifo management system
Text:
Lifo System is a widely used inventory management system developed by inventory specialists. The system uses advanced algorithms to track and store data on inventory levels, profitability, customer demand, production costs and more. The main goals of the system are to ensure high customer ......
drawer management
Drawer system management
A drawer system is a form of management that uses drawers to store and organize different items. This system is most commonly used in medical settings, but can also be found in laboratories and other places where items need to be organized in an efficient manner. This for......
Product Data Management
Product Data Management (PDM)
Product data management (PDM) is a collection of technologies and systems that are used to manage and control data related to the product’s lifecycle, from its design to its manufacture and post-market development. It allows engineers and other stakeholders to colla......
capital raising strategy
Introduction
Business strategy is the science that involves making decisions about customers, products or services, pricing, promotion and distribution of goods, which will enable an organisation to achieve its goals. This article aims to discuss the strategic value of resource extraction, and th......
cost management
Introduction
Cost management is an important process within any organization. It is a system used to maximize revenues and reduce costs, which in turn increases the value of the business. Cost management includes a variety of activities such as budgeting, forecasting, purchasing, product costing,......
Process Synchronization
Process Synchronization
In computing, process synchronization is the coordination of the activities of multiple processes in order to ensure that the processes are working as expected. This coordination of processes is necessary for a successful computer system as it prevents conflicts or races b......
Fayol's Five Managerial Functions
Henry Fayols Five Functions of Management
Henry Fayol was a French mining engineer, industrialist, and management thinker. He developed a general theory of business administration that was influential in the development of modern management. This theory focused on five (5) important functions of m......
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