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Categories :: Business : Management Articles
 


 

Category :: Management Articles Author :: Adam Sommers 
 
 Article Title :: Lean Principles in Action
 
AbstractThe electrical products industry is one characterized by fierce competition, declining margins, and legislative regulations, all that have forced the majority of electrical product manufacturers to rethink their business models. This article describes a successful story from a leading electrical products manufacturer and its journey towards lean, which to date, has saved the company over $65 Million in hard –dollar savings.BackgroundTefen has worked closely with one of the world’s leaders in Power and Control products. With worldwide consolidated sales exceeding $9 Billion in 2002, the company has roughly 200 manufacturing plants worldwide, with about hal  (read full article)
 
 
Category :: Management Articles Author :: Steven Ronsworth 
 
 Article Title :: Inventory Management 101
 
Inventory management may seem complicated to some, but if one truly thinks about what the words “inventory management” mean, it is a simple concept. Inventory is basically a list of goods and materials that are held by a business and are available in stock. Inventory management is the process of keeping track of inventory, and having the delicate balance of supply and demand firmly mastered. When having inventory, a company does not ever want to have too much of a product, nor does it want to have not enough of that product to meet demand. Inventory management helps to ensure that a proper inventory is maintained at all times.Benefits of Inventory ManagementInventory man  (read full article)
 
 
Category :: Management Articles Author :: Steve Austin 
 
 Article Title :: Collections Management
 
How long does it take your customers, clients or patients to pay you for the products or services you have provided?Have you developed a consistent collection management program?Your answer to the above questions is a leading indicator as to how well you collection management is. Sending an invoice doesn't always result in payment. Successful collection management s a matter of making your payment terms crystal clear and separating collection management from new business functions, in other words - keep your emotions out of collection management!. You can't be hesitant or soft in collection management.Collection management is a sticky subject because it can require ge  (read full article)
 
 
Category :: Management Articles Author :: Joong Hyun 
 
 Article Title :: Taking on Six Sigma Programs - Guidelines for In-House and Outsourcing Decisions
 
Based on a wild guess by a close associate of mine, there are well over 2,000 restaurants in the Manhattan area and its surrounding boroughs. Although I cannot validate the absolute accuracy of his count, I do trust it is in the ballpark, since he happens to be one of those guys who seem to know everything about everything in life (and more). His dream is to be on Jeopardy; if it ever happens, I already feel sorry for the other two contestants, who will undoubtedly be decimated on national TV. And, oh yes, he also happens to be a food- lover. There is definitely some credibility to his estimate.There is a point to be made by this story (trust me!). Despite the overwhelming number o  (read full article)
 
 
Category :: Management Articles Author :: Jason Foster 
 
 Article Title :: Using the Six-Sigma Methodology to Improve Wafer Fab Productivity
 
As a result of consolidation of operations and significantly increased production requirements, Intersil's main Fab was facing bottlenecks in supply versus demand. Intersil enlisted Tefen USA first to support identifying the Fab bottleneck, and then to develop a comprehensive roadmap for capacity and cycle time improvements. A team composed of Tefen USA and Intersil members conducted a short assessment to confirm that the Photo area was the bottleneck, and then initiated an aggressive and focused cross-functional improvement team. The improvement team combined their extensive experience in semiconductor manufacturing with the DMAIC methodology to systematically Define, Measure, Analyze, I  (read full article)
 
 
Category :: Management Articles Author :: Bronwyn Ritchie 
 
 Article Title :: Delegation - The Basic Steps To Reducing Your Workload And Creating A Successful Team
 
If you have a task greater than you can handle on your own, then you need to delegate. Not a choice many of us choose to make, but one we can all learn. This article will take you through why delegation is so important and give you simple steps to take so that you communicate the vision, motivate your members and build them as individuals and as a successful team.So let's start with the Whys.The first is obvious. The task if too big for one person. Or maybe is beyond the skills of that one person.The second is that there is more chance of success because using other people brings in extra skill-sets, and added enthusiasm.The third WHY is that delegation   (read full article)
 
 
Category :: Management Articles Author :: Robert Abbott 
 
 Article Title :: Communicating CEOs
 
I see a PR firm has done a survey on the amount of time Canadian CEOs spend on communication, and found they spend almost half of their time on communication.I think we're supposed to be impressed that CEOs spend that much time on communication. But, quite frankly, what else does a CEO do? And, if you consider both direct and indirect communication, wouldn't that be more like 90%?So, what do CEOs do, and how much of that involves communication of one kind or another?Well, they make decisions. But before they make them, good CEOs get information from specialists in their organization. They also may check other options by reading newspapers and magazines, attending conf  (read full article)
 
 
Category :: Management Articles Author :: Stacey Barr 
 
 Article Title :: You Didn't Use Brainstorming to Select Your Measures, Did You?
 
IntroductionWhen Alex Osborn invented the creativity technique called brainstorming, I wonder if he had any idea just how extensively business would apply it. Almost every meeting employs some kind of brainstorming event, but there’s one meeting that really should leave it off the agenda: the performance measure selection meeting.There are 5 common ways people select performance measuresThe selection of performance measures has never really been treated as anything more than a trivial, and often pesky, decision brought around by the annual business planning workshop. Usually people will take the fastest route to finalising a list of performance indicators in the KPI  (read full article)
 
 
Category :: Management Articles Author :: Robin Henry 
 
 Article Title :: Working with Hearing Impaired Employees - Giving Them a Fair Go
 
Hearing impaired people often encounter difficulty at work because their disability isn’t visible. I’d like to relate to you, briefly, the sorry saga of a young man who has recently been dragged through a performance management process, essentially brought about by misunderstanding, frustration on his behalf, and failure by an employer to make a ‘reasonable adjustment’ [Australian law includes the concept of reasonable adjustment which in effect means that employers are required to make reasonable adjustments necessary to enable employment opportunities for disabled people]in relation to this person’s employment.The man involved has been hearing impaired from birth havin  (read full article)
 
 
Category :: Management Articles Author :: Robin Henry 
 
 Article Title :: From Boring to Interesting - Making Training Effective
 
Being a good trainer requires experience and skill. Experience comes from practice and skill from learning the theories, applying them, getting feedback and consciously improving.Some things that will help you improve are: Know your target audience - what's in it for them? What do they expect? Why are they attending your training? Sometimes go back to basics - it's a good chance to reevaluate your performance Find ways to generate interaction and get your participants doing something Provide as much variety as practicable Demonstrate where possible - it will save many words Use humour wherever possible. If associated with analogies, this can  (read full article)
 
 
 
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