Monthly Archives: April 2017

Traditional Vs Lean Manufacturing Concepts

When we think about lean manufacturing we think about work cells, kanban cards, TQM and so on. But many people do a basic mistake. That is the mistake of not understanding the concepts on which lean manufacturing built on. Many people who copied lean manufacturing failed because they did not understood the concepts behind lean manufacturing.

We shall give a simple definition to lean manufacturing before we go further. Lean manufacturing can be defined as a systematic approach to continuously identify and remove the wastes from the system. All the tools and techniques are based on fulfillment of this simple requirement.

To identify the conceptual difference between lean manufacturing and conventional manufacturing, we will have a look at the definition given above. There is a very important word to note. That is “Removing”. Removing of waste from the system might not sound very different to minimization of wastes in the system, what we talk in conventional manufacturing. But think carefully. These two words are very different in the context of manufacturing (or even services).

When you think about minimizing of waste, you are thinking about the current system where you have wastes. You think about minimizing those wastes by fine tuning the system. When you think about eliminating or removing wastes from the system, you will have to find the causes for the wastes and remove them from the system. This means that you will have to redefine the process in a way that there are no wastes generated. So in the first case you live in the system where there are wastes, and struggle to get some improvement. In the later, you change the system so that system itself will not have the wastes. Aren’t they really different?

I will give you one more example to clarify the conceptual difference between lean manufacturing and traditional manufacturing. Think about Work In Progress (WIP). In a traditional manufacturing process WIP is treated as an asset which helps to run the process smoothly. Lean manufacturing though, treats WIP as a waste itself. Further, lean manufacturing treats WIP as a mirror which reflects the imperfection of the system.

I can go on and on explaining conceptual differences these systems have. But it is very important to understand one thing about lean manufacturing. Lean manufacturing is not a fine tuning to the traditional manufacturing system you had. It is a completely different system. To be able to implement lean manufacturing correctly, understand the conceptual differences between lean manufacturing and traditional manufacturing.

To lean more about lean manufacturing and get your free e-book “lean manufacturing basics” visit http://www.leanmanufacturingconcepts.com

Factory Accident Risks and Injuries

Factory environments usually include a very large space filled with heavy machinery, specialized equipment, and a large factory worker base. Factory areas can often be crowded, with many activities being performed at once, so following safety protocols and operational procedures is crucial to a smoothly run, accident-free workplace. The high frequency of workers interacting with machines means that, if proper precautions are not taken, disastrous accidents may result.

Safety Hazards

Factory workers are put at risk of injury whenever safety procedures are not followed. The following potential hazards may lead to serious accidents when not dealt with appropriately:

  • Intentionally “cutting corners” on regulations to cut factory costs
  • Accidentally overlooking a safety violation
  • Operating machinery without using proper safety equipment and safeguards
  • Not regularly maintaining heavy machinery and equipment
  • Improperly storing equipment or chemicals
  • Using defective machinery

Potential Factory Accidents and Injuries

When the above safety hazards are not addressed, workers are put at risk of being involved in an accident. Running an unsafe factory leaves open the possibility of accident and injury occurring, which may include:

  • Heavy machinery malfunction
  • Slips, trips, and falls
  • Exposure to toxic chemicals or other hazardous materials
  • Falling objects or overturned equipment
  • Explosions
  • Emergency exit blockage

Most factory workers understand that there is a certain level of risk in their daily work, but like all workers they are entitled to a safe work environment that meets safety regulations. Factory companies are obligated to meet safety standards to keep workers free from harm. If you are a factory worker and have been injured in a factory accident, your employer or the property owner may be liable and you may be entitled to compensation for your injuries and related damages.

Learn More

For more information on factory accidents and injury liability, please visit the website of experienced factory accident injury lawyers at the Charles D. Hankey Law Office, P.C. today.

Benefits Of Future Technology

In this write up, the readers will get information on future technology and learn to what extent modern technology has been developed to assist the growth of human civilization.

Technology of the Future would be more sophisticated and user friendly. The rapid technological advancement will make technology more convenient and usable. New technology should be used for the benefit of the society. Now, it is better to say to what extent science and technology have been acceptable to the present generation. In comparison to conventional devices and equipment, future technology news states that ultramodern devices are more workable and powerful in their functionality. According to scientists and researchers, modern technology can make modification and upgrading of common things for their proper usage applying modern methods. The world will be more glamorous and attractive with newer technology and without any trace of carbon footprint.

If you check future technology news, you will find that there are newly launched products and technical accessories which have multifunctional features. For instance, recently Kevin Cheng invented Solar Planter which protects the natural green resources of nature. Plants will be highly protected using the Solar Planter which artificially creates solar energy to preserve green plants in a perfect way. The device is also equipped with powerful exhaust fans to clean out stagnant air from within the Solar Planter. Air will be circulated well inside the planter for the safe keeping of trees and plants. The Solar Planter is also energy efficient and environment friendly. According to future technology news nature will be completely protected from pollution using these new technologies as it will not produce any lethal or hazardous chemical solvents or gasoline products into the air.

In the sphere of the telecommunication, future and modern technology is very powerful and has contributed extensively for the betterment of the communication system. The invention of the humanoid robot is a burning example. Future technology news say that this robotic structure will be sent to out of the planet to strengthen the communication system. Experiments are still going on the upgrade of this robot.

Concept Cloud Blackberry is a sophisticated mobile phone which is both eco friendly and pollution free. This mobile is activated by liquid fuel which doesn’t disturb the peace of nature. Future technology will bring a lot more inventions and accessories to upgrade human lifestyles. The scientists believe that modern science is very effective to make the world green. Future technology must be more user friendly and should not hamper the natural growth of the human race. It must not disturb nature or the society.

Science is a boon and man needs to utilize this for the overall development of the world. Future technology these days not concentrated only on the benefit of humans. Scientists are trying to create technology that will be beneficial to the earth as well.

Conclusion: To get updated information on latest technology, you can check future technology news on the Internet. There are new discoveries and upgrades available every day.

Improve Communication and Facilitate Dues Collection

For part determined associations, overseeing and maintaining associations with individuals is basic. By staying in contact with existing individuals, such associations advance themselves and consequently draw in more individuals. In any case, overseeing individuals is very trying for associations that have a more extensive enrollment base.

A portion of the key difficulties confronted by part determined associations to deal with their part base incorporate the accompanying:

Overseeing Membership Lists

Most little affiliations think that its burdening to deal with their participation records. Getting to refreshed arrangements of new individuals entangles things facilitate. Therefore, most affiliations are seen attempting to deal with their enrollment records.

Taking care of Member Information

Having important data about the individuals assumes a key part in building and encouraging associations with them. Be that as it may, as the association develops and the quantity of individuals expands, associations battle to order and oversee part data.

Correspondence Problems

Numerous associations concentrate exclusively on embracing procedures that can get them new individuals. Such affiliations neglect to comprehend that building an enduring association with existing individuals is similarly vital to develop their system and spread the positive word about their cause. For most associations, keeping up correspondence with individuals to educate them about the different exercises that are held all during that time is a noteworthy test.

To help the part determined associations meet their destinations, various far reaching part administration arrangements have been presented in the market. These advanced programming apparatuses give a large group of advantages to the associations. Some of these incorporate the accompanying:

Enhanced Communication

The development of cutting edge answers for part administration has been pushed by the interest for compelling apparatuses that can fortify correspondence. By utilizing these instruments, associations can stay in contact with their individuals and keep them refreshed about the most recent exercises and occasions. Intense specialized instruments, for example, messages, versatile cautions and more empower associations to keep their individuals educated at all circumstances.

Decreased Backend Work

Forefront part administration instruments help in lessening authoritative workload to an impressive degree. All the more significantly, these apparatuses guarantee information exactness to help the associations. With a tick of the mouse, heads can include, adjust or erase information in seconds.

Disentangled Dues Collection

Associations with a wide part base frequently battle with contribution gathering. To address this worry, extensive part administration arrangements offer a protected online installment gathering framework. The majority of these arrangements acknowledge all the real Visas. Furthermore, they bolster various installment entryways including CyberSource, PayPal and others.

Following Member Activities

Versatile part administration arrangements empower overseers at the part determined associations to get an accumulated perspective of the individuals and their exercises. This, thusly empowers them to keep up correspondence with their individuals successfully.

Vital Planning

Keeping up correspondence with individuals helps associations to serve them better. As associations get data about their individuals, it ends up noticeably simpler for them to receive systems that can help them to give more prominent help and support.

5 Essential Key Facts to Successful Forex Investing

Investing in Forex can be one of the most lucrative investments you can make and more and more people worldwide are seeing the value of adding a currency exchange investment or Forex managed account to their portfolio.

In this article we will be over viewing 5 golden rules to help you to turn into a better currency exchange investor and make certain to invest in the best Forex managed accounts on the market.

Invest in strategies that meet your risk criteria: Risk is exactly what enables any investment to produce results and results for an investor. There is no such thing as a high yield investment that is risk-free, nevertheless; risk can be regulated and mitigated with a clearly outlined money management strategy.

In addition, every investor has a unique personality and risk tolerance this is why choosing a managed account which fits your specific finances, plans, and risk tolerance can very often mean the difference between success and failure when investing in managed accounts.

Do not approach currency investments as you might approach stocks and shares: The foreign currency markets are totally different than the stock exchange. Quite a few investors feel that if they can generate profits in stocks, real estate, or other markets they can generate money in Forex. This is not always the case. The foreign currency market acts in a different way and is moved from completely different causes than stocks.

It is safe to say that stocks are moved by news releases that are really stock specific, however; foreign exchange then move and are affected by announcements that affect a country’s economy all together.

Focus on the method employed to trade your Forex managed accounts not the gains: This is confusing for most investors and is a common mistake of novice Forex investors. Having a manager that has a successful, controlled, and well outlined trading strategy is more important than profits. In the currency markets anyone can have a couple of excellent months and produce you high returns, on the other hand; only a very few traders and money managers can do this continuously and in the long run.

Putting attention in the process of trading is more significant than focusing in the profits. Simply because if the strategy is well defined and is traded with self-discipline profits often follow.

Invest in the best Forex managed account not in the most widely used one: in several markets and especially in the ones where marketing can be heavy as Forex, many times the most popular Forex managed account programs are not the very best.

Required groundwork and a great understanding of the risk and reward of the managed Forex account you are wanting to invest in is definitely crucial for success.

An investment in foreign currencies should always employ a well outlined risk control strategy: your money manager should have a well outlined risk strategy that protects your capital when his trades don’t work out. No one can make money in every trade they take but as long as they are able to win more than they lose and can control draw downs your managed account can do very well.

Discovering how your money manager or trader handles all of the risk in your account is usually an important step on investing in Forex managed accounts.

Hopefully this article managed to help you understand how to be a savvier investor in Currency trading and how to filter the good from the poor managers.

A Visit To Athens

It would be almost impossible to think of Greece and not consider the subject of gods and monsters. The remnants of mythology are ingrained in the archipelago – from its tallest hills to the smallest hidden cove, and from the most palatial temples to the tiniest back street cafe.

When you land in Athens (which is named after the Greek goddess of wisdom), before even getting into your airport transfer service you’re certain to encounter images and reminders of the legends that abound here. The city is rife with mystery and every visitor can experience the sense of enchantment. Below are some ways in which to immerse in the ‘gods and monsters’ culture of Greece while you’re in Athens.

The Acropolis

The Acropolis dominates the Athenian skyline, along with its equally imposing temple, the Parthenon, and they have stood watch over the city for millennia. Built around 447 BC to 338 BC, this temple dedicated to Athena is the largest from its era. Also located in the Acropolis is the Erechtheion, another temple dedicated to Athena, as well as Erechtheus and Poseidon, which once served as a sanctuary. The Acropolis also provides the best views of the city and makes for some excellent photographic opportunities.

The Olympeion (The Temple of Olympian Zeus)

Located near the Athens Gate (you’ll probably catch a view as your airport transfer service takes you in to the city proper) stands the Olympeion. Even bigger than the Parthenon, this massive temple dedicated to Zeus took more than seven centuries to complete. When finally finished, it comprised 104 massive marble columns, each rising 17 metres into the sky – a fitting tribute to the king of the gods. Today, however, only 15 of those columns are still intact. Gone, too, are the statues of Zeus and Emperor Hadrian (who was responsible for completing the sanctuary) that once stood side by side within. After paying your respects here, you can head north to visit the ruins of Themistokles’ Wall, also called ‘long walls’ of Ancient Greece. These structures both protected the city and provided a safe way to reach their seaports, even when the area was under siege.

The National Archaeological Museum of Athens

The National Archaeological Museum is hailed by many as one of the greatest museums in the world. It’s the largest museum in Greece, showcasing more than 20,000 exhibits, with five major permanent exhibitions. This 8,000-metre space houses not only ancient sculptures, pottery, jewellery, artwork, and more, but also a massive library of archaeology and a photography archive – it’s a researcher’s dream. It’s here you’ll find the Antikythera Device, a 2,000-year-old astronomical clock. The ancient Greeks used this to calculate astrological and astronomical events, and some say it was the first ever (analogue) computer. The museum is generally open until 7:30 p.m. (check their website or ask your airport transfer service driver for winter hours) so you can take your time and make a day of it.

Marketing Your Business

Marketing is critical to the success of any business, whether it is a one-person operation, a medium sized company or a multinational corporation. When running your home based business, it is even more important that marketing your business is done right, as you cannot afford to get it wrong. Remember that everything you do, and the way that you do it, is all marketing. Doing something well is usually as easy as doing it badly, but wins you a good reputation.

The UK’s Chartered Institute of Marketing definition of marketing is, “The management process that identifies, anticipates and supplies customer requirements efficiently and profitably.” So we can see that marketing is not just about advertising and selling products or services. It is about: finding out what potential customers want; creating the products and services that satisfy those needs; selling those products and services at the right price; making those products and services available in the right place.

To check if you are doing all of these we can look at the four elements of marketing that are known as the four Ps – Product, Price, Promotion and Place. Let us look closer at the first, your product.

Does your product meet the needs of your customers? If it is not perfectly suited to customers then you may want to make some changes. Ideally, your response to this question should be that no changes are required. How do your products compare with your competitors? If they are better or compare reasonably well, then you pass this criteria. But if they do not compare very well or you do not know, you need to urgently review this particular aspect.

Every product or service can be said to have a four-stage life cycle. Birth is when a new product is launched and introduced to prospective customers. Growth occurs when the product becomes popular and starts to sell well. Maturity is when the product is selling so well that you are unable to keep up with demand. The final stage is decline, when demand and sales fall. Customers have turned their attention elsewhere. Take a good look at your product or service and decide which of these stages are applicable.

The second element of the four Ps is price. The price should be thought to be fair by the customer. It does not necessarily have to be the cheapest, but value for money. It should be competitive so that when your customers compare your prices to those of your competitors, they think yours are within the price range they would expect to pay. The price you set for your product or service must be profitable. If you are not trading at a profit you will not be running your home based business for very long. Remember that the price you set has to cover the cost of your overheads: light, heating, telephone, advertising, etc, and still provide a profit. When costing you product, you should also include your time.

The third element of marketing is that of promotion. Promotion is how a product or service is brought to the attention of your potential customers. This can be done in a number of ways and can be paid promotion or free. The former includes advertising in newspapers, magazines, radio or television. Depending on your budget you may want to consider what could be classed as “free” promotion. This could include competitions, e.g. create a winning slogan and win a holiday for two. (Remember that competitions do not have to cost you anything if you consider joint ventures!). You may want to make special offers such as: buy one get one free; buy now and pay next year; 0% interest, etc.

The final element to marketing your business is place. This covers where the goods or services are offered for sale and then the way these goods or services are distributed and delivered to the customer. In running your business from home, you need to look at how you distribute and deliver to your customer. Running your home based business does not mean you can forget this element of marketing your business.

Factors Affecting Marketing Strategy

Marketing strategy:

Marketing strategy consists of some valuable plans that integrate an organization’s marketing goals. The Proper combination of goals, policies, and action sequences makes the marketing strategies effective. The main aim of marketing strategy is to increase the sales and profits of any organization or company.

Marketing strategy is developed by considering the following factors:

Environment analysis and marketing research:

The observation of external factors that promote success or failure of a company is a most important marketing strategy. The external factors include economy, competition, atmosphere, transport system and solicitation of data to resolve special marketing issue.

Market selection:

For better sales of a product, market selection is significant. The amount of sales of a product depends on the location of the market, whether the market is situated in urban or rural areas; whether the market place is easily accessible for people.

Consumer analysis:

The consumer characteristics such as taste, choice and preference affect the product marketing. The consumer characteristic varies from man to man and location to location. So inspection of consumer characteristics, needs and purchase processes is also important.

Product planning (including foods, services, and ideas):

Product planning includes the development of existing product by changing of the composition, packaging system, product positions, brands and deletion of the old products.

Distribution planning:

The delivery system of the product to various markets, shopping malls and restaurants is also considered for marketing strategy. The distance from the production place to whole or retail seller, transportation system, physical distribution, allocation of goods, wholesaling detailing, inventory management and channel relations are reasonable factors for distribution planning.

Price planning:

Price of a product should be kept in tolerable range for all classes of people so that they can easily pay for the product. If the price of the product becomes very high, the consumer will not buy the product.

Communication Planning:

The communication planning may include the advertising about the product through different mass media, such as the television, radio, newspaper. The more a company publishes, the more it sells. At the recent time, online advertising is another media of publicity. By advertising the companies or organizations gets the chance of focusing their product’s good quality and urging the customers to buy their products.

Brand name:

Brand name of a company has a large effect on the consumer to make them buy their product. A company should select a nice and attractive family brand for its better publicity.