by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What is Cartage?Cartage refers to expenses related to freight, loading, and unloading. These expenses are related to purchase or sale of goods. In this case, goods refer to raw materials, semi-finished goods, consumable items, or already finished goods ready for...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What is Capability Maturity Model Integration?Capability Maturity Model Integration (CMMI) refers to a process level improvement training as well as an appraisal program that is administered by the CMMI Institute, which is an affiliate of ISACA. The CMMI is a tool to...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What is a Capability index (Cp)?A process capability index (Cpk) is an arithmetic tool used for quantifying the proficiency of a process to produce products within the customer specification range. It values the producers ability to produce output within the...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What is a Control Chart?The Control Chart or C-chart is a type of control chart that is used in the monitoring of count-type data which is usually the total number of conformities per unit. It is also sometimes used in monitoring the sum of events occurring in a given...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What is a Certificate of Origin?The certificate of origin refers to the document used by the exporter to show the origin of goods when they reached the destination. The document is used to a certain the origin of the goods imported to satisfy financial or custom...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What is the Bullwhip Effect (Supply Chain)?The Bullwhip effect is the theory that orders for goods at the start of the supply chain have a greater impact further down the chain. The bullwhip effect relates to orders sent to producers and suppliers that create greater...
