by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What is Kaizen?Kaizen is a fundamental approach to creating continuous improvement. It is founded on the idea that small, ongoing, positive transitions can reap significant improvements in an organization. Kaizen is based on cooperation as well as a commitment –...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What is Cradle to Grave?Cradle to Grave, or Lifecycle Assessment (LCA), is a methodology used to evaluate natural effects linked to all the phases in the life of the product from obtaining of raw materials, processing of these materials, manufacturing, dissemination,...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What are Incoterms?Incoterms are commercial terms published by the ICC (International Chamber of Commerce) that are used in domestic and international shipping agreements. They are consistent with International Commercial Law (ICL). They cover all the important terms,...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What is an Access control list?Access control list (ACL) is used to identify individual or group user permissions in a computer system. The access control list is generally in table format, or some other software specific data structure. ACLs are a fundamental part of...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What are Internal Controls?Internal control system refers to the processes set by the management of an entity to control and ensure the effective operation of the organization. The system is instituted and managed by the company`s management, the board of trustees,...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What is a Gantt Chart?Designed as a product-control tool in 1917 by Henry Gantt, the Gantt chart is a graphical representation of the schedules of various elements of a project, such as the beginning, the end, resources, and dependencies. It is popular as a project...
