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China accounting for more than 30% of all global manufacturing share. Before starting to work with Chinese supplier it is most important to ensure that they are legitimate and will be able to produce and supply what we order? Following three basic steps will help us greatly to verify a Chinese supplier. Step 1 – […]

8D – The 8 disciplines of problem solving – 8 steps to solve difficult, recurring or critical problems. The eight disciplines (8D) model is a problem solving approach. The purpose of the 8D methodology is to identify, correct, and eliminate recurring problems, making it useful in product and process improvement. The 8D problem solving model establishes a permanent […]

What Is Liquidity and Why Is it Important for Firms? Liquidity refers to how easily or efficiently cash can be obtained in order to pay bills and other short-term obligations. Assets that can be readily sold, like stocks and bonds, are also considered to be liquid (although cash is, of course, the most liquid asset […]

To ensure that our suppliers are financially healthy we need to keep checking up some of the financial areas of the supplier. It’s essential to conduct financial assessments on selected suppliers that make up the largest portion of our spends, usually the top 20%, and/or strategic high-risk suppliers, due to management costs and risk. Liquidity […]

Low density polyethylene (LDPE). This clear or translucent plastic exhibits flexibility, chemical resistance, and waterproofing capabilities. It is used in the manufacture of a wide range of products, including grocery bags, plastic wrap and film, flexible packaging material, and injection molded parts. High density polyethylene (HDPE). HDPE offers greater rigidity and durability than LDPE. It […]

Forging is a metal shaping technique using compressive localized forces. commonly performed with the help of forging presses or hammering tools powered by either electricity, hydraulics or compressed air. Some of the common materials used for forging are carbon steel, alloy steel, micro alloy steel, stainless steel, aluminum, and titanium.  Different Types of Forging and Their Advantages  Forging gives its product […]