by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What is Hoshin Kanri?The Japanese word Hoshin means: a course, a policy, a plan, an aim. The word Kanri means administration, management, control, charge of, care for. Hoshin Kanri (HK) is a cyclic planning and management concept from Japanese origin. It is applied at...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What is Materials Management?Materials Management (MM) is a grouping of the organizational functions responsible for the planning, sourcing, stocking, manufacturing, control and distribution activities of materials used in the internal and external fulfillment of...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What is the Objective Analysis Tree?Objective Analysis Tree is is a project planning tool that helps to analyze and graphically break down objectives into smaller and more manageable parts.The Objective Analysis Tree is a tool derived from its parent tool the Problem...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What is the Rendanheyi Model?The Rendanheyi Model, pioneered by the Haier Corporation, is an innovative way of organizing a multinational firm. The corporation is divided into self managing micro enterprises, of which many are market facing (“users”). The...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What is the EFQM Model? The EFQM Model is a non-prescriptive TQM framework based on nine criteria broken into enablers (what the organization does) and results (what the organization achieves). Enablers drive results, while results provide feedback to enablers. The...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What is the RADAR Scoring Matrix? The RADAR Scoring Matrix is a model for assessing organizational processes. The acronym RADAR stands for Results, Approach, Deployment, Assessment and Review.What are the Components of the Radar Scoring Matrix? Results – This...
