Storing inventory is costly to a business. It takes up storage space, must be insured, may be stolen or damaged, may become obsolete before it is sold and may require refrigeration or increase utility ...

In the workplace, manual calculations of various aspects of inventory management, have largely been superseded by relatively inexpensive business management software, inventory forecasting software in ...

Takt Time vs. Cycle Time: when do you choose what to use? Regardless of your processes’ efficiency, you will have to measure the time eventually. Now, if you’re a new Six Sigma practitioner, you might ...

This article concludes the Troubleshooter’s Rules of Thumb series. Bob Hatch is manager of technical service and customer support for Prime Alliance, the Des Moines-based resin distributor. Before ...

Process time vs. cycle time is a discussion that comes up often for newcomers to Six Sigma. Understanding these principles and how they apply to your time management is vital. Failing to grasp these ...