Showing results by author "Ade Asefeso Mcips Mba" in All Categories

Many smart entrepreneurs prefer to buy an existing business instead of beginning a new one. Buying a business that is already operational will bring many benefits, including an already established product or service, well-trained staff who know the business, and enough success to have kept the company afloat for a period of time. Not having any money to purchase the business will not necessarily keep you from buying it.

Do you want to be the slave of your working environment, or its master? Do you want your working area to help you to do your job, or to hinder your efforts? Do you want to be rushing to complete your tasks, or have time to take pride in them? 5S is a Workplace Organisation system that enables you to be the master of your work area, a work area that helps you to do your job instead of hindering you, so that you have time to take pride in your efforts. It is there to enable you to get each activity right the first time, every time.

5S is a simple and highly effective set of lean manufacturing techniques that removes waste from the work environment through a better workplace organization, general cleanliness, and effective visual communication.

In general, companies decide to begin franchising for one of three reasons: lack of money, people, or time. Opening your own franchise business is a big step for those who choose the venture, and it can be somewhat intimidating. The franchise marketplace is filled with innumerable franchise systems over a vast range of industries.

Six Sigma Healthcare delivery means helping improve patient outcomes while driving down the cost of patient care. Doing so empowers healthcare providers to become more productive. Now, more than ever, the healthcare industry needs to embrace the economic value proposition of improving productivity. Healthcare sector can learn a good deal from industries that are working toward the Six Sigma goal. Let's try it in healthcare and see how close we can get.

During the past few years, companies have focused on supply chain improvements with initiatives centered on operational excellence and cost cutting. But have they worked? In today's on-demand environment, companies are facing growing challenges around market volatility, costs, long lead times, and unpredictable forecasts. Your inventory management decisions can make or break your firm's financial bottom line.

Entering into a joint venture is a major decision. This audiobook gives an overview of the main ways you can set up a joint venture, the advantages and disadvantages of doing so, how to assess if you are ready to commit, what to look for in a joint venture partner, and how to make it work.

It’s time once again to make much of a simple concept; that two groups with different names, languages and cultures might put aside their old habits, pettiness, and grudges, recognize the overwhelming alignment of their most critical self-interests, and join their complementary strengths to achieve unprecedented peace, harmony, and productivity. That’s the concept behind total productive maintenance (TPM).

The balanced scorecard is a strategic planning and management system that is used extensively in business and industry, government, and non-profit organizations worldwide to align business activities to the vision and strategy of the organization, improve internal and external communications, and monitor organization performance against strategic goals.

In today's business environment, companies are being held accountable to a growing list of stakeholders who assess company performance against a variety of criteria, from financial and operational performance to labor practices and environmental issues.

There are some people who think there is no place for 5s Lean at home, just like those who say you can't bake without ovens! The 5S process of Sort, Set in Order, Shine, Standardize, and Sustain is a lean manufacturing process in use by the Toyota Production System for decades. The premise of 5S is to help organize and improve the conditions of a workplace, but this process can be used for your home as well. These steps can help you get your home organized now, and keep it that way.

While there are a growing number of books based on the Toyota Production System, or lean, focused on healthcare, there are very few that detail the tools that make lean more than just a way of thinking and put the methodology into practice.

Lean Construction is a way to do more and more with less and less; less effort, less equipment, less time and less space whilst providing customers with exactly what they want. A Lean system, process, and organisation is one that is waste free. Lean is not about size or number of people employed. A reduction in employees may cut costs, and eliminate the waste of those employees, but does not decrease the proportion of waste to value adding within the organisation or process.

When Ftse 100 Ceo's were polled and asked the question, "Are your sales people calling on the right customers, at the right time, with the right offer?" 99.3% responded, "I don't know." Which shouldn't surprise. Sales and Marketing are still the last bastions of protected turf, limited management scrutiny and lack of accountability.

I am encouraged to see healthcare leaders looking beyond the ways they have always done things in the past to implement innovative solutions to curb the industry's skyrocketing costs, poor quality, nursing shortages and employee dissatisfaction; all symptoms of deeper problems inherent in the system itself.

Lean Accounting supports the principle of eliminating waste and streamlining the business processes to create maximum value. So lean management accounting metrics is all about breaking away from traditional cost accounting cost objects like product or job and is driven by a new cost object 'Value Stream.' As part of lean accounting exercise, we define the scope of value stream cost object and map the business process activities to this cost object.

The UAE is situated in the southeast of the Arabian Peninsula on the Persian Gulf, bordering Oman and Saudi Arabia. The UAE is a federation of seven Emirates each with its own Ruler. Saudi Arabia's command economy is petroleum-based; roughly 75% of budget revenues and 90% of export earnings come from the oil industry.

Lean Six Sigma is a synergised managerial concept of Lean and Six Sigma that results in the elimination of the seven kinds of wastes/muda (classified as defects, overproduction, transportation, waiting, inventory, motion, and over processing) and provision of goods and service at a rate of 3.4 defects per million opportunities (DPMO).

Though often overlooked, bankruptcy sales can be a real benefit to businesses looking for great deals. Prospective purchasers must, of course, interface with the bankruptcy court, so you must understand the lay of the land when looking for a bargain. Purchasing the assets of a business in or out of bankruptcy can offer considerable value at significant discounts.

Nigeria is located in West Africa and shares land borders with Benin in the west, Chad and Cameroon in the east, and Niger in the north. It is the most populous country in Africa and the eighth most populous country in the world. The capital city is Abuja and the three largest and most influential ethnic groups are the Hausa, Ibo and Yoruba.