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
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,...