This is a course on the application of various techniques that will improve the accuracy and reliability of demand forecasts. Forecasting is the systematic prediction and estimation of the future value of a critical variable. The starting point of planning and the most critical variable to be forecasted is the…
The language of money serves as the basic medium for assessing economic achievement. Organizations communicate results in monetary terms depending on their level of focus. Those directly involved in continuous improvement also seek financial evaluation. This requires the development of reliable costs associated with the effects of quality and a…
Business Process Reengineering (BPR) is defined as “the fundamental rethinking and radical redesign of business processes to achieve dramatic improvements in critical, contemporary measures of performance, such as cost, quality, service, and speed.” BPR challenges the current ways of doing business and seeks large improvements through radical change. This is…
Organizations in today’s dynamic, highly competitive, demanding environment must devote significant time, energy, financial and human resources to measuring their performance in achieving strategic goals. Increasingly, organizations are realizing that while measurement is more crucial than ever, their systems for capturing, monitoring, and sharing performance information are critically flawed. At…
APQP or Advanced Product Quality Planning outlines the systematic approach in introduction of new products and processes that ensures effective communication, timely completion of goals with no quality problems and minimal risk during launch. It will teach the structured method of defining and establishing the steps necessary to ensure that…
