Tag: processes
How Using Automated Processes Can Benefit Your Business
As a business owner, it's important to always look for ways to streamline your processes and make your life easier. One way you can...
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...
Manager Universe (Benchmark)
What is 'Manager Universe (Benchmark)' A peer group of investment managers who have the same investment style. Manager universe data is often...
Back Office
DefinitionA back office in most corporations is where tasks building layout of early companies where the front office would contain the sales and other...
Quality Control Chart
Quality control charts are an important tool for ensuring the quality of your products or services. By creating and using a quality control chart,...
Queuing Theory
DefinitionQueueing theory is the mathematical study of waiting lines, or. A queueing model is constructed so that queue lengths and waiting time can be...
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...
Vendor
DefinitionIn a supply chain, a vendor, or a seller, is an enterprise that contributes goods or services. Generally, a supply chain vendor manufactures inventory/stock...
Generalized AutoRegressive Conditional Heteroskedasticity – GARCH
What is 'Generalized AutoRegressive Conditional Heteroskedasticity (GARCH)' A statistical model used by financial institutions to estimate the volatility of stock returns. This...