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Effective Manufacturing Operations Management in 2024

Epicflow

To achieve these goals, they are adopting the latest technologies (Industry 4.0) There’s one more essential component that helps manufacturers reach their goals — manufacturing operations management (MOM). What Is Manufacturing Operations Management? Key Elements of Manufacturing Operations Management Production management.

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Sustainability: The Growing Importance of ESG Metrics

Tom Spencer

Environmental, Social, and Governance (ESG) metrics have emerged as critical tools for companies to measure and communicate their sustainability efforts. These metrics are increasingly influencing business decision-making and thus shaping corporate reputation in a way that impacts customer loyalty and financial performance.

Metrics 78
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How Project Management Tools Can Improve Business Performance in 2025

Epicflow

That’s why it’s critically important to regularly monitor the flow of processes with the aim of detecting inefficiencies, waste of resources, and bottlenecks that slow down operations or cause redundancy. Improving operational efficiency Operational efficiency refers to gaining maximum outputs with minimum inputs.

Tools 246
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Measuring the Long-Term Impact of L&D Initiatives on Business Performance

Clarity Consultants

Companies rely on Learning & Development (L&D) programs – especially eLearning – to stay competitive as industries change. L&D programs help organizations keep up with industry trends, adopt new technologies, and respond to changing market demands. Completion rates of eLearning modules.

Metrics 147
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7 Ways to Improve Operations Without Sacrificing Worker Safety

Harvard Business

I thought immediately of BP and the other industrial giants whose “accelerating cost reductions” had disastrous consequences. These kinds of statements speak to a leader’s choice of values, and a failure to understand the relationships between a safe work environment and operational performance. At Cummins, Inc.,

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How to Understand Key Metrics in a New Industry

Tom Spencer

These numbers were used to describe the health of a business or industry, to identify trends, or point out top performers. To help me understand these new numbers I use analogies based on my initial training to help me understand a new industry. They have an operating budget based on the amount of their grant.

Metrics 88
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The Next Supply-Chain Challenge Isn’t a Shortage — It’s Inventory Glut

Harvard Business

And now, the high-tech industry is feeling the weight of a volatile market that has led to excess component inventory. It’s a forward-looking metric based on the classic momentum equation: current inventory x rate of inventory change. Measuring inventory momentum can help leaders address the problem.

Metrics 254