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What is Poka Yoke? How to apply Defect Prevention in production
APRIL 21, 2023
While visiting a factory in the early 1960s, Shingo noticed that workers had forgotten to fit a spring into a simple on/off switch. This small error leads to the following processes being disabled....
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What is WACC? How much WACC is good? How to calculate standard WACC
APRIL 21, 2023
What is WACC ? What is WACC used for? What is the meaning of this indicator? How good is this index?
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Explanation of What is Replenishment and How does it Work
APRIL 21, 2023
What is Replenishment? This is one critical aspect of supply chain management is replenishment, which refers to the process of restocking products to maintain desired inventory levels.
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Streamlining Production with Contract Manufacturing: A Comprehensive Guide
APRIL 21, 2023
Contract manufacturingis a widely used business model that has gained popularity in recent years, particularly in industries such as electronics, automotive, and aerospace.
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Why Sustainable Clothing Manufacturing is the Future of Fashion
APRIL 20, 2023
Sustainable clothing production is fast becoming the future of fashion, and for good reason. As consumers become more aware of the environmental and social impacts of fast fashion, they are...
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Skills based Hiring: A Win-Win Solution for Employers and Workers
APRIL 20, 2023
In this article, we will delve into the concept of skills based hiring and the significance of verified skills.
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Which account does not appear on the balance sheet? 11 examples
APRIL 20, 2023
Which account does not appear on the balance sheet ? There are various accounts that do not appear on the balance sheet but impact the company's financial performance.
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Fixed Asset vs Current Asset: Businesses Should Know!
APRIL 20, 2023
Your business can have several types of assets, including fixed and current assets. While you may be familiar with these terms, do you truly understand the distinction between fixed asset vs current...
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What Is Retained Earnings Concept? Importance and Strategies for Improvement
APRIL 19, 2023
What is retained earnings concept? They are the portion of a company's net income that is not distributed as dividends to shareholders but is instead reinvested back into the business.
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Financial Accounting Made Easy: Key Concepts and Practices
APRIL 19, 2023
If you're working in a business, you've probably heard the term "financial accounting" before. But do you know what it means, and why it's important for your business?
