Operations

Establishing your performance measurement process with all three types of asset management performance metrics play an important role in monitoring risks to the business.

The cost of unplanned downtime was approximately $250,000 per hour, at an average of more than $2 million per downtime The cost of downtime can be incredibly high for any manufacturer, especially since downtime is the Number 1 reason for loss of production, resulting in factories losing up to 20% in total productivity. Downtime results in …

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Did you know that people trust their employers more than governments or the media?

Manufacturing BPM teams are constrained by business silos, ad hoc and reactive means to managing processes performance, and lack of standardized criteria, according to an APQC survey. However, they also exhibit high maturity practices in many key areas.

3D printing’s virtual inventories and on-demand manufacturing offer cost-savings and increased flexibility, but there are risks.

The use of temporary workers, contractors, consultants, and freelancers dealing with furloughs and layoffs could help boost the manufacturing workforce.

Create a Competitor Analysis in 5 Easy Steps In the cacophony of the heated business world, if you are not first, you are last. Rising competition has forced seed stage startups …

Tips to Make Business Ownership Less Complicated Now The entrepreneurial lifestyle has never been a piece of cake. And now, it’s barely akin to a day-old iced doughnut. Since the emergence …

Running a Business During COVID-19: Is Your Business in Compliance? The COVID-19 pandemic has changed our way of doing business. Companies across the United States have adopted policies and procedures …

5 Factors in the Transition to Predictive Maintenance Predictive maintenance remains a mythical concept for many, but pressure to optimize efficiency means manufacturers can’t afford to delay the transformation