What Is the Purpose of Business Process Improvement?
Process improvement can be defined as a proactive approach to improving existing business processes. The improvement process includes identifying, analyzing, optimizing, and monitoring the company’s internal and external processes. The purpose of business process...
Industry 4.0 Benefits for Manufacturers
Industry 4.0 represents one of the most significant developments to come about in the manufacturing field since the Industrial Revolution. With it comes many challenges as well as advantages to companies and economies around the globe. Although the benefits of...
Lean Manufacturing Tools and Techniques
Lean manufacturing tools and techniques aim to reduce waste potential while making manufacturing processes as efficient as possible. Utilizing the most useful tools and techniques is key to facilitating process optimization. Muda, Mura, and Muri - The Lean...
Business Process Management and Digital Transformation in Manufacturing
We are firmly in the digital age, and manufacturing companies, in particular, have been early adopters of the latest technologies and are now firmly established as leaders in business process automation.Still, many manufacturing firms are just beginning to realize the...
Work Automation and Lean Manufacturing Principles
From the automotive industry to food companies to large scale industrial production environments, achieving the principles of Lean manufacturing requires efficiency. Efficient organizations experience less waste and achieve higher profit margins. By applying Lean...
Introduction to Lean Manufacturing
Lean manufacturing is a production methodology that seeks to eliminate waste and maximize efficiency and quality while maintaining high customer satisfaction. In this article, we'll introduce the principles of Lean manufacturing, discuss the benefits of using a Lean...
Benefits and Challenges of Work Automation in the Manufacturing Industry
Automation has been a driving force of progress for the manufacturing industry since its emergence during the Industrial Revolution. Robotic systems, computer-aided manufacturing, and artificial intelligence are some of the technologies impacting the evolution of work...
Who Uses RegTech?
Financial institutions are under constant pressure to meet constantly growing risk management requirements and higher regulatory demands. To alleviate these increasing regulatory requirements, new technology has emerged. Indeed, RegTech has caused quite a buzz in the...
What Are the Benefits of RegTech
You might have heard the term “RegTech” discussed in the banking and financial sectors, but you might not be aware of exactly what it is or the many potential benefits that it can offer. RegTech stands for “regulatory technology” and refers to using technology...
What Are the Steps to Build a Work Management Framework?
Work management is a systematic way of helping businesses create and oversee an efficient workflow structure across all levels of the organization. It aims to optimize the orchestration of workflows and processes, ensuring all teams and individuals work...