Manufacturing

Pareto Chart analysis

Pareto chart analysis is statistical methodology to prioritize any task from number of activities that may produce significant overall effect. It is also calls 80/20 rule – Mean focus on 20% prioritized works may give you 80% of the benefits. Actually there is even a mathematical expression for it, which known as the 80/20 rule.

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Business Contingency Plan | Example

A contingency plan is a designed planning for a potential circumstance. This planning document may contain potential risk and its management for exceptional level of risky events. The contingency plan can also include the alternative action plans for effectively implement the plans for significant future event. Actually the contingency plan is help to management &

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Small business Startup Checklist

The small business startup checklist outlines basic guidelines and points that helps you to refer and check out during implementation at stage of business startup. Typically, this comprehensive checklist may include various small business ideas, business planning, legal & government aspects, market analysis as well as financial requirements and management.   Good business idea     Whenever

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What is Preventive maintenance?

Preventive maintenance is a regular and pre-planned program of maintenance, which is done regularly to check and repair all the equipment in the organization. Preventive maintenance refers to routine maintenance, in which equipment is checked and repaired at regular intervals (with or without wear and tear) that are scheduled in advance. This process is actually

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Increasing Enterprise Value and Improving Organizational Culture

 Increasing the value of the enterprise while simultaneously honouring the social responsibility of the enterprise. : Successful executives are highly focused on one fundamental goal Increasing the value of the enterprise typically involves three steps shown in below image. First, executives determine a strategy that will increase the value of the enterprise. Secondly, they identify

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How to improve productivity and efficiency using lean six sigma

Lean Six Sigma = Lean + 6 Sigma | Most of the businesses are expecting to improve operational efficiency, that will trigger an improvement in the quality of the product, and while reducing overall costs. But the question is how to improve operational efficiency? There are actually two approaches to improving operational efficiency, the first

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Poka Yoke (Fool-Proofing)

Poka-yoke in Japanese means ‘Mistake-proof’. A poka-yoke refers to any type of mechanism in Lean manufacture which helps an equipment operator to avoid (yokeru) mistakes (poka). Poka-yoke eliminates product defects through prevention, correction, or spotting human errors as and when they occur. Shiego Shingo adopted this concept and made it a part of the production

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