Search results
Results From The WOW.Com Content Network
The Supply Chain Operations Reference ( SCOR) model is a process reference model originally developed and endorsed by the Supply Chain Council, now a part of ASCM, as the cross-industry, standard diagnostic tool for supply chain management. [ 1] The SCOR model describes the business activities associated with satisfying a customer's demand ...
Business performance management (BPM) (also known as corporate performance management (CPM) [2] enterprise performance management (EPM), [3] [4] organizational performance management, or performance management) is a management approach which encompasses a set of processes and analytical tools to ensure that an organization's activities and output are aligned with its goals.
Overall equipment effectiveness. Overall equipment effectiveness[ 1] ( OEE) is a measure of how well a manufacturing operation is utilized (facilities, time and material) compared to its full potential, during the periods when it is scheduled to run. It identifies the percentage of manufacturing time that is truly productive.
Statistical process control ( SPC) or statistical quality control ( SQC) is the application of statistical methods to monitor and control the quality of a production process. This helps to ensure that the process operates efficiently, producing more specification-conforming products with less waste scrap. SPC can be applied to any process where ...
The process areas below and their maturity levels are listed for the CMMI for Development model: Maturity Level 2 - Managed. CM - Configuration Management. MA - Measurement and Analysis. PMC - Project Monitoring and Control. PP - Project Planning. PPQA - Process and Product Quality Assurance. REQM - Requirements Management.
Benchmarking is the practice of comparing business processes and performance metrics to industry bests and best practices from other companies. Dimensions typically measured are quality, time and cost . Benchmarking is used to measure performance using a specific indicator (cost per unit of measure, productivity per unit of measure, cycle time ...
[disputed – discuss] Furthermore, using this metric of past process performance to predict future performance is highly suspect. [3] [ disputed – discuss ] From a management standpoint, when an organization is under pressure to set up a new process quickly and economically, P pk is a convenient metric to gauge how set-up is progressing ...
It is concerned with managing an entire production system that converts inputs (in the forms of raw materials, labor, consumers, and energy) into outputs (in the form of goods and services for consumers). [ 2] Operations management covers sectors like banking systems, hospitals, companies, working with suppliers, customers, and using technology.