Digital transformation is a continuous journey of challenging the status quo of existing business models to deliver a greater customer experience through the use of technological advancements. As such, it requires not only the commitment of leadership, change agents, and team members it also begs for a fundamental change in the organizational culture. From simply […]
The thought of managing remote teams or operating in a remote working environment can be daunting, but it doesn’t have to be. If you arm yourself with the right tools, mindset, and employees, there’s absolutely nothing to worry about. Often, remote teams manage themselves due to the nature of their work. Remote employees are usually […]
Without a doubt, Slack is one of these apps that turned into a favorite tool for many companies worldwide. In the first year after its launch, the number of Slack’s daily users has surpassed 500 000 and more than 60 000 teams are using it worldwide. Why? Because Slack brings agility to many teams and […]
Cumulative flow is one of the most powerful tools available in the lean world, and it is a pity that many people fail to read this graph correctly. If you feel you need more understanding about this Kanban chart, please go through the article and check our simple explanation.
Lean was developed for delivering products and services with unquestionable value at the right moment to the end customer. To help you with that, the methodology focuses on identifying value-adding steps in your process and minimizing waste activities. Although it sounds pretty simple, there is a question that has been bothering managers and regular team […]
What Is a Monte Carlo Simulation and How Does It Work? The Monte Carlo simulation is a mathematical technique that allows you to account for risk in quantitative analysis and supports decision-making. It relies on a large number of random simulations based on historical data to project the probable outcome of future projects under similar […]
The reality of modern business requires companies to be not just effective but also efficient in everything they undertake. Reaching optimal efficiency in any process is difficult, and among the main reasons for this is the habit of multitasking. Understanding why it drags down productivity and finding a way to get rid of multitasking altogether […]
An organization is a legal entity formed with the goal of executing commercial activities, whereas the term business organization is used to encompass all the efforts to streamline work, define processes, and eliminate all waste. The goal of organizing work is to facilitate value creation, better quality, increased productivity, and profitability. With the digitalization of […]
Lean accounting is a term that describes the application of the Lean philosophy principles, such as a focus on delivering value to the customer and striving to waste elimination to managing financial practices and processes. The holistic approach allows companies to streamline accounting operational activities, but more importantly, to align them with the strategic goals […]
Total productive maintenance is a method for maintaining equipment and machinery. It is based on the idea that if you maintain equipment before it breaks, you will save money and avoid costly downtime. The main goal of total productive maintenance is to identify the parts of your plant or organization that are not working as […]