by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What is a Drop Shipment?It is a supply-chain-management method where the retailer takes orders from the customer and processes it to the manufacturer or original supplier with the order and shipment details. Then, the manufacturer or the original supplier directly...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What is the Edge Crush Test (ECT)?An edge crush test (ECT) is a testing method used to measure the durability of a corrugated board. The edge crush test (ECT) gives valuable information regarding the strength of particular board to resist crushing. Corrugate box...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What is DMAIC Methodology?DMAIC is a statistically-driven, quality-improvement strategy used for improving and optimizing the business processes. The DMAIC approach is followed in Six Sigma quality control program. In DMAIC, the D stands for define, M stands for...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What is the D.I.C.E Framework?DICE framework is a formulation to assess the likely success of a project based on objective measures. It is a widely accepted tool for tracking projects, managing portfolios of projects, and initiating two-way conversation at multiple...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What is Delivered Duty Paid (Incoterm)?Delivery duty paid is a contract term. It means the seller of a good is responsible for bearing all the costs involved in delivering the good to an agreed upon destination. This ensures the seller would pay for all the expenses...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What is the Deming Cycle or PDCA Cycle?Deming cycle is a four-step strategy for solving problems and improving business processes. It is an interactive process involving Plan-Do-Check-Act. It is also called the PDCA cycle.What are the Steps of Deming or PDCA Cycle?The...
