Production Part Approval Process (PPAP)
PPAP stands for “Production Part Approval Process.” It is a standardized procedure used in the automotive and other manufacturing industries to ensure that a supplier’s
2_Short Notes
Categories
Categories
- 1_Procurement Insights (28)
- 2_Short Notes (51)
- Finance (2)
- Import (1)
- Logistics (1)
- Manufacturing Process (3)
- Material (14)
- Packaging (2)
- Procurement (18)
- Cost Savings (2)
- Global Sourcing (1)
- Inventory Management (5)
- Forecasting (1)
- Negotiation (3)
- Process (1)
- Strategic Sourcing (2)
- Vendor Evaluation (3)
- Products (4)
- Quality Management (6)
- Stocks (1)
Failure Modes and Effects Analysis (FMEA)
FMEA stands for “Failure Modes and Effects Analysis.” It is a systematic and structured approach used in various industries to identify potential failures, their causes,
Theory of Constraints (TOC)
The Theory of Constraints (TOC) is a management philosophy and methodology developed by Eliyahu M. Goldratt in his book “The Goal,” published in 1984. It
Just in Time (JIT)
Just-In-Time (JIT) is a manufacturing and inventory management philosophy that aims to produce and deliver goods or services at the exact moment they are needed
ABC Analysis
ABC analysis, also known as Pareto analysis or the 80/20 rule, is a widely used inventory management technique that categorizes items based on their relative
Inventory Management
Inventory management refers to the process of efficiently and effectively overseeing the acquisition, storage, tracking, and utilization (ASTU) of an organization’s goods or products. It
