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10 Results for Tag: improve

Kanban

DefinitionKanban is a scheduling system for lean manufacturing and just-in-time manufacturing. Taiichi Ohno, an industrial engineer at Toyota, developed kanban to improve manufacturing effic

National Association of Investors Corporation (NAIC)

National Association of Investors Corporation (NAIC) What is 'National Association of Investors Corporation - NAIC' A non-profit organization that is dedicated to providing investing educa

Official Strike

Official Strike What is 'Official Strike' A work stoppage by union members that is endorsed by the union and that follows the legal requirements for striking, such as being voted on by a m

Sarbanes-Oxley Act Of 2002 (SOX)

Sarbanes-Oxley Act Of 2002 (SOX) What is the 'Sarbanes-Oxley Act Of 2002 - SOX' The Sarbanes-Oxley Act of 2002 (SOX) is an act passed by U.S. Congress in 2002 to protect investors from the

Party Wall

DefinitionA party wall is a dividing partition between two adjoining buildings that is shared by the occupants of each residence or business. Typically, the builder lays the wall along a pro

Quality Management

DefinitionQuality management ensures that an organization, product or service is consistent. It has four main components: quality planning, quality assurance, quality control and quality imp

Fair And Accurate Credit Transactions Act (FACTA)

Fair And Accurate Credit Transactions Act (FACTA) What is 'Fair And Accurate Credit Transactions Act - FACTA' A U.S. resolution passed in 2003 that is aimed at enhancing protection measure

Taguchi Method Of Quality Control

Taguchi Method Of Quality Control What is the 'Taguchi Method Of Quality Control' The Taguchi method of quality control is an approach to engineering that emphasizes the roles of research

What is the Pareto Principle?

DefinitionThe Pareto principle states that, for many events, roughly 80% of the effects come from 20% of the causes. Management consultant Joseph M. Juran suggested the principle and named i

Kaizen

DefinitionKaizen, is the Japanese word for "improvement". In business, kaizen refers to activities that continuously improve all functions and involve all employees from the CEO to the assem