Monthly Archives: August 2012

Six Sigma

August 21st, 2012

DEFINITION A business management strategy that seeks to improve the quality of a business’s output by reducing defects and minimizing [&hellip


Lean Manufacturing

August 21st, 2012

DEFINITION A production guideline that considers any actions or processes that don’t create value for the end customer to be [&hellip


Spend Analysis

August 21st, 2012

DEFINITION The process of collecting and analyzing data on a person or business’s expenditures with the purpose of reducing costs, [&hellip


Strategic Sourcing

August 21st, 2012

DEFINITION A process in which a company continuously evaluates and improves its purchasing activities and patterns in order to achieve [&hellip



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