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Improve Business Operations With Economies of Scope

The Process Street

An economy of scope is an economic factor that makes manufacturing multiple products together more cost-effective than manufacturing them individually. The easiest way to grasp this is to think of industries like car manufacturing or computers. What do we mean by economies of scope?

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5 Continuous Improvement Tools for Process Success

The Process Street

And they’re closely associated with lean manufacturing , particularly in streamlining processes. The word’s meaning is the real place : such as the factory floor, manufacturing hub, or product development area. Managers can decide if employees can improve their tasks and if lean manufacturing targets are achievable.

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Can Today’s COO Still Benefit from Hammer and Champy’s Reengineering the Corporation?

The Process Street

It hits all those punchy notes affirming the identity stories we’ve manufactured about ourselves as rebels and innovators – not just on the cutting edge, but frickin creating it. They revolutionized the practice of efficient manufacturing and productivity. Sounds good, right? Fundamental. So exciting.

Finance 105
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Tech and General Counsel: Planning for a Successful Roll Out

LawTechnologyToday

While this can provide many advantages to understanding the business, it can also mean that some technical management skills are lacking. There are many excellent technical project management courses available to bridge the gap. A global manufacturing firm needed a solution that unified its team.

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3 Ways Big Data Will Influence the Future of People Analytics

The Process Street

In a manufacturing economy, that generally worked out – if you made widgets for Brand X for 15 years, you could probably also make widgets for Brand F. Then go on to describe yourself as a people person with strong leadership skills while also being a team player. Basically, the traditional interview was BS and we all knew it.

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How to Make the Case for E-Discovery Software

InHouseOps

One of our customers in manufacturing summarized it well: “The first time you are forced to defend your process in a class-action lawsuit rather than defending the case on the merits, you will be paying for your decision not to have the right software in place.”. To do this, we recommend performing a risk assessment.

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The Ultimate List of 45 Business Process Improvement Tools (Lean Six Sigma & Beyond)

The Process Street

Find out more about heijunka and other top lean manufacturing principles by reading our post: 9 Lean Manufacturing Principles to Kill the Jargon and Get Quality Results. Kanbanize is a powerful kanban project & portfolio management software. Tool #36: DRIVE.