Elements of DFMA

Design for Manufacture and Assembly (DFMA)

June 28, 2020 Abey Francis
0 Comment
Operations Management

Design for Manufacturing and Assembly (DFMA) method was introduced by Geoffrey Boothroyd since 1960s on automatic handling. This enables the use of  gathered data of previously done mistakes, speeding up the development process and accomplishing new philosophies and technologies to further ensure that the activities that are quicker and more precise in generating results can really reach this target. All aspects of design, development, manufacturability, total parts, assembly time, cost and modularity are considered in this analytical process. This process mainly focuses on enhancing the product to allow improvements in the manufacturing, quality, reliability, cost, time to market, and many other fields.… Read the rest

+ Read More
Modularity Concept in Operations Management - Definition and Advantages

Modularity – Definition and Advantages

June 28, 2020 Abey Francis
0 Comment
Operations Management

Modularity is a degree to which a system’s component maybe separated and recombined. However, it can be used in different contexts and its definition changes accordingly. For example. In Biology, it is the concept that organisms or metabolic pathways are composed of modules. In Nature, modularity refers to the construction of a cellular organism by joining together standardized units to form larger compositions. In cognitive science, the idea of modularity of mind holds that the mind is composed of independent, closed, domain-specific processing modules, etc. But here we will be concentrating on Modularity in operations management, which refers to an engineering technique that builds larger systems by combining smaller subsystems.… Read the rest

+ Read More
E-Learning at the Workplace

E-Learning at the Workplace

June 27, 2020 Abey Francis
0 Comment
Human Resource Management

Globally, the e-learning market has been growing rapidly, and e-learning is beginning to emerge as the new model of training and education across a wide range of different sectors and industries. This growth has resulted in part from extensive changes in the working environment, and from a shift from a product-based economy to a knowledge-based one, meaning that there is a more pressing need to train and educate workforces in new technologies and services. In addition, technological advancement and challenges in technology-oriented working life have paved the way for new forms of electronic learning. Consequently, e-learning now accounts for a significant proportion of corporate investment in workforce training.… Read the rest

+ Read More
The SCP Paradigm - Structure drives Conduct which drives Performance

The SCP Paradigm – Structure drives Conduct which drives Performance

June 25, 2020 Abey Francis
0 Comment
Managerial Economics

The SCP paradigm assumes that the market structure determines the conduct of the organization. This conduct, in turn, is the determinant of market performance. Examples of market performance include efficiency, profitability and growth. The Structure Conduct Performance Framework seeks to establish that certain structures of the industry can lead to certain kinds of conduct or behavior which then leads to various types of economic performance. The SCP paradigm was developed through evaluation of empirical studies involving American industries. Theoretical models were not used to support the paradigm. The conclusion that was drawn from empirical studies was that market structure determined performance.… Read the rest

+ Read More
How has Trading Been Affected in Asia Due to Corona

How has Trading Been Affected in Asia Due to Corona

June 23, 2020 Abey Francis
0 Comment
General Business Articles

While Asia may have actually incurred less coronavirus-related deaths than Europe and the US overall, it has suffered a heavy socio-economic toll in the wake of the pandemic.

This trend has continued of late, as shares slipped in Asia at the beginning of the week amid increasingly volatile market conditions. Even major brands are struggling to thrive in the current climate, with Apple warning shareholders that it will fail to meet its profit target in Q3.

But how exactly has the pandemic impacted on Asian markets and trade, and what’s the outlook for the region in the near-term?

A Look at Trade and Industry in Asia

This trend has been driven by numerous factors, not least the virtual closure of a tourism sector that remains the lifeblood for Southeast Asian economies including Malaysia, Thailand and Vietnam.… Read the rest

+ Read More
Looking After Your Well-Being When Traveling for Work

Looking After Your Well-Being When Traveling for Work

June 20, 2020 Abey Francis
0 Comment
General Business Articles

If your career requires you to travel a lot, this can be exhausting. While many people are enticed by the notion of a jet-setter lifestyle and being paid to see the world, the reality is that this kind of work can be tougher than you think. Although there are pros to this kind of career path, it’s important to make sure you’re looking after yourself when you’re traveling back and forth to enjoy the benefits of this kind of job. Here are some useful tips to help you look after your well-being when traveling for work.

Organization

Many things can go wrong when traveling, and although some of these things might be out of your control, don’t let your mistakes be the problem.… Read the rest

+ Read More

Subscribe for Email Updates

E-Mail Subscribe

Enter your email address: