article thumbnail

Effective Manufacturing Operations Management in 2024

Epicflow

Manufacturing companies continually seek ways to improve their processes, optimize costs, and increase competitiveness. To achieve these goals, they are adopting the latest technologies (Industry 4.0) Finally, manufacturing organizations are subject to safety regulations set by government agencies or industry bodies.

article thumbnail

Engineering Project Management: The Essential Guide

Epicflow

On the one hand, engineering project management steps are the same as those for projects in other industries: planning, scheduling, allocating resources, managing stakeholders, monitoring, etc. The main characteristics of the Lean method for project management involve reducing waste, increasing efficiency, and improving project performance.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Breaking the Echo Chamber: How Peer Advisory Groups Challenge Your Thinking

Effective Managers

But this mindset can lead to missed opportunities—whether it’s untapped markets, process improvements, or efficiencies that could significantly increase ROI. These groups are made up of CEOs from different industries, each bringing unique experiences and perspectives to the table.

Groups 130
article thumbnail

How would you establish Business Process Improvement practice.

Consulthon

Hi, The COO of a company with 200+ employees wants to initiate the Business Process Improvement practices. They are a disruptor/challenger in the financial industry and have never had a team of pr.

article thumbnail

How Chinese Companies Disrupt Through Business Model Innovation

Harvard Business

For some industries in the West, this question appears a bit ridiculous. The American textile and apparel industries, for example, will tell you that the evidence can be found in the blood on the floor — their blood, on what used to be their floor. But despite all the pain they have experienced, these industries are wrong.

Company 124
article thumbnail

Driving Digital Transformation in Aerospace & Defense: Recent Technology Trends

Epicflow

According to the Aerospace Industries Association’s Vision for 2050 , some of the key technology and innovation trends transforming the aerospace and defense industry will be: – the rise of automation and artificial intelligence, – wide application of augmented and virtual reality, – the rise of Industry 4.0 (e.g.,

Trends 130
article thumbnail

How the U.S. Can Rebuild Its Capacity to Innovate

Harvard Business

has lost what Harvard Business School’s Willy Shih calls the “ industrial commons ”: indispensable production skills and capabilities. We know from looking at strong economies around that world that a nation needs both R&D and manufacturing activities to maintain a healthy 21st Century industrial ecosystem.