Posts in category Business Management

A study from scientists in Brazil and South Carolina has found the application of Lean Six Sigma (LSS) in the food industry positively affected overall performance and can have a …

As the coronavirus continues into the second half of 2020, business leaders have had to quickly evolve to meet new challenges. The chief issue for most is that the pandemic …

Most arguments for putting process improvement in place revolve around the positives it brings to an operation. However, many find it motivating to look at the situation from the opposite …

Lean accounting gained popularity in the first decade of the 21st century as more organizations adopted Lean practices. It involves using alternative accounting measures to better evaluate Lean’s impact on …

Toyota first created obeya rooms during production of the Prius in the 1990s. Since then, organizations across many industries have put the concept into action. Obeya, which means “large room” …

Projects remain a difficult endeavor for most companies. While studies have shown repeatedly that organizations increasingly use projects and process improvement to stay ahead of competition, many projects still fail …

Enterprise Risk Management (ERM) provides organizations with a plan to assess and prepare for any risks that can interfere with the company’s goals. These risks can include dangers inherent in …

The coronavirus (COVID-19) continues to disrupt society around the world, becoming not only a major health crisis but a major economic crisis. However, it’s also sparked a surge in innovation, …

The term Industry 4.0 refers to making manufacturing smarter by applying advanced information systems and innovative technologies, ranging from the Industrial Internet of Things (IIoT) to robotics and artificial intelligence. …

Lean methodology may have gotten its start in manufacturing, but there are many examples of it working in other industries. It’s even worked for a small dairy farm and bakery …