What is Efficiency Efficiency is the ability to avoid wasting materials, energy, efforts, money, and time in doing something or in producing a desired result.

What is Lean Manufacturing ( Lean Production )? Lean manufacturing (Lean Production) is a methodology that focuses on minimizing waste within manufacturing systems while simultaneously

Process thinking, also known as “the process”, is a philosophy that emphasizes preparation and hard work over consideration of outcomes or results, and is particularly popular in

What does SWOT stand for? SWOT stands for Strengths, Weaknesses, Opportunities, and Threats, and so a SWOT Analysis is a technique for assessing these four aspects of your

There are quite a few differences between strategy and tactical planning. In short, strategic planning is used to set destination and how you are going