Mai Ngọc Khánh How to reduce inventory costs? To reduce the total cost of inventory, the most common approach to deciding how much to order to replenish inventory is called the economic order quantity (EOQ) approach. This approach attempts to fin... Aug 17, 2024 Lean6sigma
Mai Ngọc Khánh What is inventory? * I. What is inventory? * Most of us are accustomed to keeping inventory for use in our personal lives, but often we don’t think about it. For example, most families have some stocks of food and... Aug 16, 2024 Lean6sigma
Mai Ngọc Khánh 8 Waste for Lean * 1. Overproduction * is the act of making more product than necessary and completing it faster than necessary and before it is needed. Overproduced product takes up floor space, requires handling ... Aug 9, 2024 Lean6sigma
Mai Ngọc Khánh 10 Forecasting models 1. Autoregressive Model (AR) 2. Moving Average Model (MA) 3. Autoregressive Moving Average Model (ARMA) 4. Autoregressive Integrated Moving Average Model (ARIMA) 5. Auto ARIMA Model 6. Seaso... Aug 8, 2024 Forecasting
Mai Ngọc Khánh How to audit 5S? To maintain 5S activities is very important. Here are the basic fundamentals of a 5S audit system. - 5S Audit Form - Schedule of audits - Auditor rotation - 5S Tracking Sheet * Summary: ... Aug 8, 2024 Lean6sigma
Mai Ngọc Khánh Why use 5S Shadow Board? * I. What is 5S Shadow Board? * Shadow boards are one of the most important aspects of 5S and Lean manufacturing. The design and construction of the shadow board should be customized for the ar... Aug 7, 2024 Lean6sigma
Mai Ngọc Khánh What is CRM? * I. What is CRM? * Customer relationship management ( CRM) is a defensive marketing strategy that focuses on managing the customer experience by better understanding their needs and purchase be... Aug 6, 2024 ERP
Mai Ngọc Khánh Why KPI implementation fails? 1. Setting unachievable KPI targets. 2. Not using KVI in conjunction with KPIs. 3. KPIs not connecting to business strategy goals. 4. Not training employees to achieve KPIs. 5. Leaders not sup... Aug 5, 2024 KPI-KVI
Mai Ngọc Khánh What are KPI and KVI? * I. What is KPI? * KPI (Key Performance Indicator) means a quantifiable indicator of work performance to track results achieved over a specific period of time. Similarly, KVI (Key Volume Indicator) m... Aug 5, 2024 KPI-KVI
Mai Ngọc Khánh What is ERP? * I. What is ERP? * * * ERP is an acronym for Enterprise Resource Planning, this is a software system that helps plan the overall resources of an enterprise. In other words, ERP is used to manage a... Jul 17, 2024 ERP
Mai Ngọc Khánh Reasons why 5S implementation fails 1. Leadership does not support and closely follow 5S implementation. 2. There is no clear plan and assignment for 5S implementation. 3. There is no appropriate 5S assessment checklist. 4. Implementing... Jul 12, 2024 Lean6sigma
Mai Ngọc Khánh What is IoT ? I. What is IoT? * IoT stands for "Internet of Things" - a concept in technology that describes connecting devices to the internet and connecting them together to exchange data and perform acti... Jul 12, 2024 ERP
