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What Is Single-Minute Exchange of Dies (SMED)?

Single-minute exchange of dies (SMED) is a strategic process that reduces the amount of time...

What Is Production Efficiency?

Production efficiency, also known as productive efficiency, identifies the conditions in which goods can be...

What is a Purchase Order and What to Include?

Purchase orders (PO) are created to start a purchasing relationship with an outside vendor or...

What is employee engagement?

Employee engagement discerns whether staff understand the company’s vision, feel invested in the business, and...

How to Be a Better Leader and Improve Workplace Safety Through Positive Behavior Reinforcement

Positive behavior reinforcement can drive improvement in the safety of your organization. It guides people...

Barcoding Inventory: How to Implement the Barcode System

How to Implement a Barcoding Inventory System in the time it takes your average person...

How can I keep track of my restaurant inventory?

The right tools to keep track of your restaurant inventory involves point of sale systems,...

Who are the thought leaders in reliability centered maintenance?

In our corner of the world, several stand-out individuals have made significant strides in reliability-centered...

3 Essential Tips for Managing Construction Site Inventory

Supply levels of materials and equipment availability are crucial when managing multiple construction projects. Here...

How much stock of MRO parts should I hold in inventory?

Top quartile facilities typically calculate their MRO inventory value as a percent of RAV. They...

What is the true cost of poorly optimized inventory management?

Poorly optimized inventory management can cause higher carrying costs, losses from overbuying, and missing items...

What is Inventory Accounting?

Part of keeping track of your inventory is knowing what you have and how much...

Restaurant Inventory Management - Getting The Basics Right

Optimally utilizing the raw materials would help your restaurant manage its resources better, keep the...

Five Whys | Root Cause Analysis Method

Some problems may not be serious enough to warrant extensive research, which is where the...

What is Fleet Management?

In a nutshell, fleet management involves the management of commercial vehicles, whether they be cars,...

What Is Hoshin Kanri?

Hoshin Kanri is a seven-step Japanese strategic planning process involving company-wide communication and implementation.

What is Inventory Accounting?

Inventory accounting tracks the value of current inventory items, as well as the changes that...

Inventory Control Definition

Inventory control, also known as stock control, refers to the process of managing a company’s...

What is GASB 34? Guide to GASB 34 Compliance | UpKeep

GASB 34 is a set of standards for state and local government financial reports. It...

Scheduled Maintenance | What is Scheduled Maintenance?

Scheduled maintenance is any repair and upkeep work performed within a set timeframe.

What Is Root Cause Analysis?

Root cause analysis (RCA) is a powerful process that enables an organization to identify the...