by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
[cite] Back to: OPERATIONS, LOGISTICS, & SUPPLY CHAIN MANAGEMENT Project Management Definition Project management is a concept that is applicable in many fields, regardless of the industry because all projects require project management. Project management refers...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
[cite] Back to: OPERATIONS, LOGISTICS, & SUPPLY CHAIN MANAGEMENT Six Sigma Definition Six Sigma (often abbreviated as 6) is a statistical-based quality-control program that emphasizes the reduction or elimination of defects in a product, a process, or a service...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
fixed interval inventory model A multiecheloninventory modelwithfixedreplenishmentintervals, Graves, S. C. (1996). Management Science,42(1), 1-18. A new model for the study of multi-echelon inventory with stochastic demand was the aim of developing this paper. The...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
[cite] Back to: OPERATIONS, LOGISTICS, & SUPPLY CHAIN MANAGEMENT QMS (Quality Management System) Definition A quality management system consists of a number of processes aimed at efficient and accurate delivery of a value proposition to a customer, client, or...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
[cite] Back to: OPERATIONS, LOGISTICS, & SUPPLY CHAIN MANAGEMENT ISO 9000 Explained In the year 1987, the International Organization for Standardization (ISO) established the ISO 9000 family of standards. This family comprises a system of numbers utilized in...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
[cite] Back to: OPERATIONS, LOGISTICS, & SUPPLY CHAIN MANAGEMENT Drop Shipment Explained 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...
