Benefits of being six-sigma certified

dmaicmethodology

It won’t be exceeding to say that Six Sigma is the soul of any business. It regulates the most important aspect of the service, which is its Quality. Therefore, being a Six Sigma certified professional is a win-win element for your career success. Six Sigma methodologies have been the most sought after methods of Quality […]

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Difference Between DMAIC and DMADV Methodology

Six Sigma

Six Sigma is a Quality Assurance process with aim to increase a company’s profit. This aim of increasing profit is possible by providing products with almost no defects. The target for Six Sigma is 3.4 defects per million products. The Six Sigma process results in happy customers who like to stick around as they are […]

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Material Requirement Planning: Advantages and Disadvantages

MRP-iACT-Global

Material Requirement Planning or MRP is a system used for planning and materials requirement. It helps in improving the materials handling capability of an organization/business. But along with the help and assistance that is provided by this methodology, it has certain disadvantages as well.  We have mentioned here some of the advantages and disadvantages of […]

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Key Elements of Logistic and Supply Chain Management

Logistics is more than a supply branch in an organization; it would not be exceeding to term it as a contact medium between the two ends of a business system, the internal structure and the external associate such as companies, vendors, customers, carriers etc. Logistic is basically interaction of the company and the consumer. Movement […]

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Light Fidelity (Li-Fi) towards all optical Networking

Li-Fi

So we have another breakthrough in the world of digital connectivity. This is Li-fi. The guy behind the concept known as Li-fi, Harald Hass talks at length about the technology.. This is a Spin out from the University of Edinburgh. It somehow deals with the power of light fidelity. He happens to coin the term himself. […]

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Benefits and Challenges Associated with E- business

e-business-iact-global

With the changing perspective of the market, the format of business has also changed over last few years. Electronic business or most commonly termed as e-business is widely taking over the traditional system of business.  “E-business” the term was coined by IBM in 1996, this can be defined as the use of modern technology basically […]

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Benefits of adopting Strategic Human Resource management

Why HR managers and line management take strategic HRM as a challenge? This could be best answered as – This impacts the HR routine activities and new duties be assigned to the line managers. Moreover team accountability is required. The irony being strategic HR management though coming with handy benefits is implemented more in the […]

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Benefits of Lean Manufacturing

Lean Manufacturing on Metal Gears.

Lean manufacturing is a growing sector in industrial management, this basically emphasizes upon keeping an account of resources for a set target. There are two different approaches that are being practiced in lean manufacturing- Lean manufacturing as a tool to eliminate waste in order to increase the quality of service and to reduce the net […]

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Six Sigma Master Black Belt

dmaicmethodology

Six Sigma is a customer focused change strategy. It’s a business strategy, which strives at improving business performance. Within Six Sigma is a strategic approach to improve the process by ensuring that the defects are minimum in the service or product offered to the final customer. The two major objectives of organization are To make […]

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Importance of Corporate Finance in India

CF

Why is corporate finance important to all managers? This is a question asked by most aspiring finance students. Let’s first find out what exactly is meant by corporate finance. Corporate Finance is a narrow term which covers only the finance of joint stock companies. But let’s not confuse corporate finance with business finance. Business finance […]

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