Tag: quality circle
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SMED: Single Minute Exchange of Dies
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“Time is the enemy of quality and the friend of waste.” — Lean principle Introduction Back in 1950, the average time for changing tyres and refuelling was 67 seconds, something unthinkable in today’s F1 era. Now, they manage to service the car in just 3.2 seconds.” Twenty years later, that would be considered a slow…
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3G: Gemba, Genbutsu & Genjitsu – The Power of Going to the Source
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“Leaders don’t manage from conference rooms; they lead from the floor.” – Taiichi Ohno Introduction When Ram, Sita, and Lakshman were living in the forest during exile, Ravan kidnapped Sita. Lord Ram had two choices. The easy choice was to simply ask Lakshman to go and search for her. But instead, he chose a wiser…
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Difference Between OKR (Objective and Key Result) and MBO (Management by Objectives)
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“If you desire to make a difference in the world, you must be different from the world.”— Elaine S. Dalton Introduction There are different ways to reach locations A to B. The important perspective is to identify a path wherein we can reach the destination at the lowest cost, with high efficiency and within…
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Setting Goals & Achieving Success: The Power of Management by Objectives (MBO)
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“Surround yourself with the best people you can find, delegate authority, and don’t interfere as long as the policy you’ve decided upon is being carried out.”— Ronald Reagan Introduction There are two different ways to accomplish a big task. One way is to assemble all the key people together and give them the task…
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What is Hoshin Kanri (Policy Deployment)
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“The essence of strategy is choosing what not to do.” — Michael E. Porter Introduction It has never been easier to start a business and reach a seven-digit revenue. However, in the history of mankind, it has never been harder to make people care about your products. There is severe competition in every market, and only…