Lean Six Sigma in Hospitals

Although Lean Six Sigma has its origins in manufacturing, many services effectively use it. One such example is the Oncology Department at UC San Diego Health.

The Oncology Department applied a variety of Lean Six Sigma tools to produce $3.73 million in additional annual revenue.

The main source of waste was identified to be the way that several cancer drugs were used in dosing. These drugs were placed in a vial by the manufacturer with a single use dosage concept. In many […]

By |2023-05-10T05:53:01+00:00May 10, 2023|Tags: , , , , , |

Major League Baseball Drives Faster Cycle Times

Cycle time is an essential part of operations management.

Using an industrial analogy like repetitive automobile manufacturing, cycle time can be defined in two contexts: the time it takes to perform one task, such as installation of the hood, or the cumulative time it takes to perform all tasks as a product makes its way to completion, such as a completed automobile.

Companies often seek to improve cycle time to increase output (inventory), support more sales, reduce costs, and capture more market […]

By |2023-03-30T19:34:21+00:00March 30, 2023|Tags: , , , , |

AI Is Revolutionizing Demand Forecasting

Demand forecasting is at the very core of operations management.

In simple terms, a forecast is a projection or prediction about some future point in time based on underlying assumptions. Demand forecasts—what we project customers will want—range from short-term (operational) to long-term (strategic) and help organizations plan for variables such as production capacity, labor, raw materials, packaging, and transportation needs.

The question isn’t whether demand planning is important or essential. The question, rather, is how to have more accurate forecasts so that […]

Arrival’s Van Microfactory Moving to North Carolina

Arrival, an electric vehicle startup with headquarters in the US and UK, has decided to move all of its Van production to Charlotte, North Carolina.

Instead of investing in mega production facilities, Arrival uses a microfactory model that installs assembly cells in existing facilities to build its all-electric vans.  Arrival cited federal tax credit incentives, large market size, and better margins as factors in its decision to focus on the US market.


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By |2022-11-13T07:18:35+00:00November 15, 2022|Tags: , , , , , |
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