Explore production efficiency, its link to the PPF, and measurement methods to optimize manufacturing resources and minimize costs.

Analytics, at its core, is leveraging data for measuring and improving business outcomes. Management guru Peter Drucker once said, “What gets measured gets managed.” Basically, effectively measuring ...

In the lab, various phases of drug development occur in life sciences as new drugs and therapies are discovered and developed through extensive research. Labs are then used to ensure quality control ...

Process inefficiency can create problems that quietly stifle productivity and potential growth. In an era of rapid digitalization, companies that lag in business process improvement risk falling ...

Five case studies show how diagnostic data used with multivariable process data increases process efficiency and uptime. Instrumentation selection for plant applications is a multistep process, ...

Within the chemical industry, the manufacturing of polymers is one of the largest sectors - the volumes of polystyrene alone produced annually worldwide reaching billions of kilograms. 1 ...

Every person and organization has some familiarity with performance metrics and reporting, yet how to take that experience and apply it to asset management is not straightforward. Looking at industry ...

The past decade has seen an unprecedented level of concern and action focused on improving the quality of American health care. Catalyzed in part by two Institute of Medicine (IOM) reports—To Err Is ...

In business, measurement is half-way to performance improvement. Assessing supplier performance is a difficult task. This article overviews price, cost and quality supplier performance measurement ...