Industrial Engineering

When we saw the above turned-up donkey cart. We quickly assume that the cart is overloaded. Obsoletely the chart not turned up because of overloaded. Then what would be a core reason? refer below details. Often used  Japanese terms  in the Industrial Engineering concept 1. Mura ( 斑 )= Uneven loading. 2. Muri ( 無 理 ) = Overburden. 3. Muda ( 無駄 )= Waste Causes of cart turned up The load was not distributed properly on the donkey cart. The maximum load was kept on the backside. This caused uneven load. This is called “Mura”. Subsequently, the "Mura" led the cart to turn up. This situation created an overburden to the pulling donkey. The overburden is called “Muri”.  At last lost, the event ends up in obstacle. No movement or flow to add value to transporting. This becomes a waste. The waste is called “Muda” Note: Many times the same situations occurring in the day to day activities. We have to check the work load distribution among the employees. This may helps t...

In 1960,  Stanford University developed a technique is called SWOT analysis. This technique is used to identify important details of (1) Strengths, (2) Weaknesses, (3) Opportunities, and (4) Threads. Later this concept is applied in business and others sectors.   Outcomes of SWOT analysis 1. Strength: Identify that, what are the things a making strength. 2. Weakness: Identify that, what are the things that are causes for weakness. 3. Opportunity: Identify that, what are opportunities available to improve. 4. Threats: Identify that what are the things threats and which may be dangerous in the future.   Use of SWOT Analysis: The SWOT analysis is applicable in many areas. Example: Individual person, Product, Designs, Organization, Business, Project, Service, etc. End of the analyses we can get clear details of strengths, weaknesses, opportunities, and threats. Here the Weakness and threats are considered for immediate actions. These are fixed by taking ...

How could improve our acquiring to become the top of the top best?  The Italy economist,  Vilfredo Pareto understood by his long research that 80 percentages wealth is owned by 20 percentages of people 1 . Followed by that, he extended his research on the 80:20 concept and confirmed that the same is applicable in many cases, for example,  20 % of work generate 80% result, 80 % of work generates 20% output. 20% of people acquired 80% of knowledge, 80% of people acquired 20% of knowledge. 20 % of people controlling 80% people, 80% of people controlling 20% people. 20 % of work consume 80% time, 80 % of work consume 20% time. 20% reason caused for 80% of defect, 80 % of reason caused for 20% defects. 20% of organisations produce 80% of value, 80 % of organisations produced 20% values. 20 % of employees contribute 80% revenue, 80% of employees contribute 20% revenue, So on. This is called a 80:20 rules and it is proved. So the simple understanding is that” 20 % of best...

In 1970, The Boston Consultant Group developed THE BCG Matrix for assessing the investment. This technique is used to identify the cost and return behaviour  on investments. Refer to the below picture. 1. CASH COW: High market share, Low investment, low growth, and low return. Examples: Investment in real estate, Mutual funds, Policy bonds, Life Insurance, so on.     2. STARE: High market share, High investment, higher growth, and higher return. Examples: Electronics sector, Electric automobile, IT, Communication, Energy saving, so on.   3. QUESTION MARK: Low market share, potential growth, Problem children, and it turns into a star.  Examples: Interment in the digital market, Cryptocurrency, Agriculture, so on.     4. DOG: Low market share, Low growth, Low or no return, and worst situation. Examples: This is classified based on the situations. I.e. Tour, Travel, Manufacturing, Export, so on. in the global pandemic situation.  ...

Introduction  In many cases, the managers are monitoring the multi-task. Many of them are unique. Example project works, Factory operations, Marketing, etc. So how can we make it easy to bring all under clear visual report?  So That we could monitor, control and improve.  The Project Monitoring Matrix The project monitoring matrix is an  effective tool. It is designed based on two key parameters 1. Time and 2.Cost. Both could be compared with the planned timeline and budgeted cost. By this, we could able to understand the real-time progress of events. subsequently, aid us to take corrective and preventive action to achieve the task in planned time and cost. Below chart for the reference.  Picture1: Project Monitoring Table In the above matrix, Cost is divided into three-part based on spending for the particular event. a) Underspent than budgeted (Spent < budgeted cost), b) Spent the same on-budget (Spent = budgeted cost), c) Spent over budget (Spent > ...

In the day to day life, we have N number of works to do. Everyone wants to complete their work on time with effectiveness. The Eisenhower Matrix 1 is a powerful tool to organize the works based on two simple parameters of “ Important and Urgent” .  Refer to the below chart. 1. Not important and not urgent: Can be scheduled later 2. Important, but not urgent: Plan later to do 3. Not Important, but urgent: Review and do yourself later or can assign some to do. 4. Important and urgent: Do it immediately. Read more>>   Bibliography: Covey, Stephen R. 2013.  7 Habits of Highly Effective People.  Simon & Schuster Ltd:  The Eisenhower Matrix. ‌