Performance initiative was launched in 1998 with the help of McKinsey. Major focus of this initiative was on cost reduction‚ quality & throughput improvement. • Total Productive Maintenance (TPM): TPM is an approach to maintenance that optimises equipment effectiveness‚ eliminates breakdowns and promotes autonomous maintenance by operators through day to day activities involving the total workforce. • Knowledge Management (KM): Tata Steel decided to embark on formal KM initiative in the year
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laurels. The need to ensure their operations are as productive as possible and that cost inefficiencies are stripped out from the very outset is arguably more important than ever before. Minimizing operational costs When it comes to new projects oil & gas operators have traditionally been good at minimizing their CAPEX spend. However‚ there has been much less focus given to limiting the cost of operation of their assets. With maintenance costs typically responsible for 20-30% of the overall
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Just-in-time is not just for manufacturing: a service perspective There is a need for confronting the challenges posed by global competition‚ so companies are focusing on the needs of customers to improve product quality along with customer service. This philosophy has long been followed in manufacturing sector‚ and they are aware of the need to reduce waste as means to reduce costs and improve product quality. Just – in – time (JIT)‚ the formalized process of reducing waste reduction‚ has
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itself. The process at Toyota isn’t a process that you can simply look at and understand; you truly have to get a closer look and really dissect it. A study was done to understand the process completely including service functions like equipment‚ maintenance‚ workers’ training and supervision. All of these sections were taken into a count because the service functions help and are responsible for the whole process moving the way that it does. Toyota‚ like other manufacturers has many specifications
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1.0 Introduction Lean manufacturing is the systematic elimination of waste from all aspects of an organization’s operations‚ where waste is viewed as any use or loss of resources that does not lead directly to creating the product or service a customer wants when they want it. In many industrial processes‚ such non-value added activity can comprise more than 90 percent of a factory’s total activity Lean manufacturing or lean production are reasonably new terms that can be traced to Jim Womack‚ Daniel
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DANIEL B. WACKMAN CHARLES T. SALMON AND CARYN C. SALMON DEVELOPING AN ADVERTISING AGENCY-CLIENT RELATIONSHIP T ermination of the relationship between an agency and a client is an everpresent possibility. In the last 10 years‚ there has been some indication that the trend toward more rapid turnover of agencies by client;s has increased. In a 1979 article in Dun ’s Review‚ it was reported that "In recent years‚ the number of agencies dropped by corporate clients has risen considerably— the volume
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1.0 Life cycle costing (LCC) 1.1 Definition Life cycle costing is a cost management approach which includes all costs and ensures that all those costs are managed over the life cycle of the product. Product life cycle begins from conception of the product until its abandonment which can be referred as ‘from cradle to grave‘. Product life cycle has four stages: 1) Product planning and initial concept design It involves process of identifying any underlying conditions‚ assumption‚ limitations and
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| Case Study 3: Aylesbury Pressings | Case Studies‚ Bsc Hons Quality Management and Technology | | Authors :Roddy McGuinn (s00093607) and Martin Toher(s00093928 ) | 12/5/2009 | | Using the Lean Principles as a framework‚ what improvements do you consider that the management team at Aylesbury should be giving priority to‚ and why? Introduction Aylesbury pressings is a manufacturing company that produces
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Blewitt‚ The Life Span: Human Development for Helping Professionals‚ 4th Ed. 13-* Development as Growth‚ Maintenance‚ and Regulation of loss Change involves gains and losses throughout life – Gains are most obvious early in life – Losses are more obvious later Adaptation to change involves three global process – Growth: Adding new characteristics‚ understandings‚ skills – Maintenance or resilience: Finding ways to continue or restore functioning after loss – Regulation of loss: Adjusting expectations
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statistically significant impact on the growth of the economy. Additionally‚ the model exhibited a very high explanatory power. Based on the findings the study recommended that better co-ordination in the terms of private participation in funding and maintenance of road infrastructure could further enhance the growth of the economy. Keywords Nigerian Economy‚ Growth‚ Road Infrastructure‚ Government Spending I. Introduction The issue of government intervention in resource allocation arose due to the
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