Complex work processes slow productivity and increase the potential for mistakes. By simplifying the procedures in your company, you make more efficient use of time, which in turn saves the company ...

According to Jeffery Liker’s book, The Toyota Way, it’s estimated that most business processes are 90% waste and 10% value-added work. Value-added activities in a process are considered those that ...

The competitive push for more efficient power generation prompted the management of East Kentucky Power Cooperative’s Spurlock Station to provide training and to implement standardized work processes ...

Work-in-process inventory refers to the partially completed materials within a production line. According to the team at Accounting Tools, this term considers the cost of raw materials, direct labor ...

Forbes contributors publish independent expert analyses and insights. Dr. Tracy Brower writes about joy, community and the future of work. Agile has always been a super-effective way to work, but the ...

What is robotic process automation? Robotic process automation (RPA) is an application of technology, governed by business logic and structured inputs, aimed at automating business processes. Using ...

Before dealer principals and store managers brush aside the issue by stating something like, “I’m a car guy, not an accountant,” NADA Academy instructor Eric Dreisbach shared eight potential pitfalls ...

If Boeing’s latest plan succeeds, a single mishandled job will have prompted some of the manufacturer’s most fundamental production-line process changes in decades. That job was supposed to have fixed ...