Projects Managements

Fault-tree analysis is a method of analyzing system reliability and safety. It provides an objective basis for analyzing system design, justifying system changes, performing trade-off studies, analyzing common failure modes, and demonstrating compliance with safety and environment requirements. It is different from a Simplified Failure Mode and Effect Analysis in that it is restricted to […]

A best practice set of KPI need to be holistically integrated into the organization model. This involves looking at three crucial characteristics—formalization, integration, and utilization . Formalization deals with the questions: • What will be measured?• How will it be measured? As performance measurement is not an isolated system, best practice KPI must be developed

It is assumed that measurement provides a means of capturing performance data, which can be used to inform decision making. Equally important is that people respond to performance measure and they modify their behavior in an attempt to ensure positive performance outcome even if it means pursuing inappropriate courses of action. The key issue in

Stock keeping units (SKU) are defined as a number assigned to a specific inventory item with a detailed description of the part in the inventory database. There can only be one SKU in the inventory records for each inventory item. For example, if warehouse “A” has part number A987xx and warehouse “B” has part number

Stock keeping units (SKU) are defined as a number assigned to a specific inventory item with a detailed description of the part in the inventory database. There can only be one SKU in the inventory records for each inventory item. For example, if warehouse “A” has part number A987xx and warehouse “B” has part number

When implementing a storeroom, it is important to understand the storage techniques and types of equipment available to organize and bin properly Bulk storage: Pallets are stored on the floor in specified areas. These parts do not need or involve storage equipment. These parts are stored in lines, with each line being 48″ wide, and

Bar coding programs were developed back in 1962 to track railroad cars as they travel around the United States. When the bar codes started appearing rumors abounded and everyone thought it was a plot to take over and control the people. As in most rumors, it turned out to be false. Everyone later discovered that

The replacement asset value (RAV) is the dollar amount it would cost to replace the equipment assets if a disaster occurred that destroyed the entire plant. Insurance companies value buildings and equipment for replacement much like the average person secures insurance for their home and automobiles. The replacement value of the plant equipment can be

Minimizing poor use of the company’s working assets can be accomplished through improved inventory turn-rate, cost control, efficient purchasing practices, inventory cycle-counting, recorded issuances against actual equipment and work orders, secured access, and staffed coverage. Minimizing stocking or squirreling of parts can go a long way to ensure best use of inventory dollars.It has always

Implementing and sustaining lay-up maintenance for parts in storage. A lay-up program ensures that all rotating stock is maintained under a preventive maintenance (PM) program and other items like “O” rings, belts, gaskets, and so on, that are affected by dust, dirt, and temperature or humidity changes receive special attention for their storage needs. Vendor-managed