Process reengineering

Proper execution of Business Process Reengineering can be a game-changer to any

business.

If properly handled, it can perform miracles on a failing or stagnating company, increasing

the profits and driving growth.

Business process reengineering, however, is not the easiest concept to grasp. It involves
enforcing change in an organization – tearing down something people are used to and
creating something now. And that’s not an easy task.

Just in Time Inventory Definition. Just in time (JIT) inventory is a strategy to increase
efficiency and decrease waste by receiving goods only as they are needed in the production
process, thereby reducing inventory costs.

What is Just In Time (JIT)?

The just-in-time inventory system is a management strategy that aligns raw-
material orders from suppliers directly with production schedules. Companies
use this inventory strategy to increase efficiency and decrease waste by
receiving goods only as they need them for the production process, which
reduces inventory costs. This method requires producers to forecast demand
accurately.

The JIT inventory system is a shift away from other just-in-case strategies, in
which producers hold large inventories to have enough product to absorb
maximum market demand.
What Is Total Quality Management (TQM)?
Total quality management (TQM) is the continual process of detecting and
reducing or eliminating errors in manufacturing, streamlining supply chain
management, improving the customer experience, and ensuring that
employees are up to speed with training. Total quality management aims to
hold all parties involved in the production process accountable for the overall
quality of the final product or service.

WHAT IS THE THEORY O F CONSTRAINTS?

The Theory of Constraints is a methodology for identifying the most

important limiting factor (i.e. constraint) that stands in the way of
achieving a goal and then systematically improving that constraint until it is
no longer the limiting factor. In manufacturing, the constraint is often
referred to as a bottleneck.

The Theory of Constraints takes a scientific approach to improvement. It

hypothesizes that every complex system, including manufacturing
processes, consists of multiple linked activities, one of which acts as a
constraint upon the entire system (i.e. the constraint activity is the “weakest
link in the chain”).