Projects sent to a global sourcing provider present a unique set of challenges for IT managers. There are some significant differences when it comes to managing a globally sourced IT project versus an in-house project. By taking preemptive measures, a manager can ensure the success of the IT project.
The first step that should be […]
Causes of Excess and Obsolete Inventory
One of the root causes of excess and obsolete inventory is the poor and inaccurate forecasting of the required levels. Long lead times and poor quality are high-level causes of such problems.
When lot sizes are large, the lead time also increases; it may also increase if the schedules go […]
The DMAIC methodology can be put to good use in the banking industry as well. Tools like QFD have been utilized to maximum benefit in this industry.
Some big banks like Bank of America, Citibank, Bank of Southwest and others have achieved good results by applying the Six Sigma methodology to their various processes.
Define: In […]
The key to ensure value flow to the customer is the understanding of customer requirements. Understanding what they need and when it is required are essential to managing a proper flow.
Tools To Ensure Value Flow to the Customer
The entire process flow is considered and generally, the process starts with the customer order and ends with […]
One reason for this is that an outside perspective on the problem is sometimes better to speed up the process of change and ensure success. There are some situations as well, where management may feel that the consultant or the methodology expert has not been up to their expectations.
Companies may also consider the option […]
As business objectives are aligned to the customer requirements the projects have to be undertaken through specific selection procedures.
Methodologies for Systematic Project Selection
Various models and methodologies can be used for systematic DMAIC project selection at minimal risks of failure. The aim is to use the resources available, to the maximum utility.
The combination usage […]
There has been a recent trend within the global sourcing industry. Mega IT contracts are no longer dominating the industry. More and more outsourcers are moving away from large IT contracts and instead are outsourcing to more than one vendor. This type of outsourcing is known as multi-sourcing and its purpose is […]
As the old saying goes if you fail to plan, you plan to fail and this is an excellent ethos for any new project manager. Careful preparation rather than jumping straight in at the deep end can save you and your team, time, money and effort.
S.M.A.R.T. Is the universal acronym understood by most project […]
As the old saying goes if you fail to plan, you plan to fail and this is an excellent ethos for any new project manager. Careful preparation rather than jumping straight in at the deep end can save you and your team, time, money and effort.
S.M.A.R.T. Is the universal acronym understood by most project […]
This is because Six Sigma aims at minimizing variation in products and processes, and Lean Manufacturing aims at eliminating manufacturing waste.
Possible Areas for Implementation:
-Research and Development
The Research and Development process is the most important process in pharmaceutical companies and forms a major part of costs. The Lean concept is desirable in this scenario to […]
