by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What is Import licensing?Import licensing is the submission of all needed documents by an organization to the right authority for approval of the importation of specific types of goods. The requirements for import licensing are influenced primarily by the General...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What is Lean Six Sigma?Lean Six Sigma (LSS) is a comprehensive method for removing waste for organizational operations through standardization and procedure. It is a combination of Six Sigma and lean manufacturing to dispose of eight different types of waste. These...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What is LTL or Less-Than-Truckload?Less-Than-Truckload is a term that refers to transportation of freight that is less than the capacity of the trailer and only occupies a percentage of the trailer. In such a case, different shippers will transport goods in the same...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What is a Key Process Input or Output variable (KPIV)?Key process input or output variable (KPIV) refers to various factors that can cause an impact during the production process. Once the key process input variables for a process are determined, statistical...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What is Lean Manufacturing?Lean manufacturing is a principle applied in the development and production of products where more products are produced using less.The key elements of Lean Operations are: eliminate waste, involve everyone, continuous improvement,...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What is Kanban?Kanban is a scheduling system used in lean and just-in-time manufacturing. The system was developed by the Vice President of Toyota, Taiichi Ohno. This inventory control system is named after colored cards used in tracking production and managing new...
