Tag: manufacturing

4 Fantastic Advantages of CNC Machining Over Conventional Manufacturing Methods

Even though CNC machining is a relatively old manufacturing method, it certainly doesn’t mean that it hasn’t found its way to evolve into the...

Key Performance Indicators (KPI)

What are 'Key Performance Indicators - KPI' Key performance indicators (KPI) are a set of quantifiable measures that a company uses to...

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 efficiency....
Heavy Industry

Heavy Industry

What is Heavy Industry Heavy industry is a category of manufacturing that involves the production of large, bulky products such as cars, trains, ships, and...

Ifo Business Climate Survey

What is 'Ifo Business Climate Survey' A key monthly survey that measures the business climate in Germany. It is widely followed as...

Import Substitution Industrialization – ISI

DefinitionImport substitution industrialization is a trade and economic policy which advocates replacing foreign imports with domestic production. ISI is based on the premise that...

National Association of Purchasing Management Chicago (NAPM Chicago)

National Association of Purchasing Management Chicago (NAPM Chicago) What is 'National Association of Purchasing Management Chicago - NAPM Chicago' An association which...

Manufacturing Cells

DefinitionCellular manufacturing is a process of manufacturing which is a subsection of just-in-time manufacturing and lean manufacturing encompassing group technology. The goal of cellular...

Make To Order (MTO)

What does 'Make To Order - MTO' mean Make to order (MTO) is a business production strategy that typically allows consumers to...

Manufacturing Production

What is 'Manufacturing Production' Manufacturing production is the creation and assembly of components and finished products for sale. Three common types of...

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