Tag: production

Why Digital Transformation Matters for Aerospace and Defense Companies

One of the most important goals that all states pursue today is to make the military and security industries more digital. AI, machine learning,...

Top Software Solutions Manufacturing Businesses Should Start Using

The software landscape is constantly changing, and manufacturing businesses must change to stay competitive. The software solutions listed below are some of the most...

Knowledge Economy

DefinitionThe knowledge economy is the use of knowledge to generate tangible and intangible values. Technology, and in particular, knowledge technology, helps to incorporate part...

Killer Bees

What is 'Killer Bees' An individual or firm that helps a company fend off a takeover attempt. A killer bee uses defensive...

Kicker Pattern

What is 'Kicker Pattern' A two-bar candlestick pattern that is used to predict a change in the direction of the trend for...

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....

Yield Variance

What is 'Yield Variance' Yield variance is the difference between actual output and standard output of a production or manufacturing process, based...

Idle Time

What is 'Idle Time' Idle time is unproductive time on the part of employees or machines as a result of factors beyond...

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...
natural gas equivalent

Natural Gas Equivalent

What is natural gas equivalent Natural gas is a fossil fuel that consists mostly of methane. It is often used as a fuel for cooking,...

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