Group50 Consulting

The term "strategic planning" refers to the process through which a company determines its overall direction and how its resources will be used to achieve that aim. To define long-term objectives...

Manufacturing landscape is changing fast, thanks to innovations and emphasis on lean manufacturing. Successful manufacturers constantly explore new business models, and methods to keep the resiliency...

One of the most popular quality management techniques worldwide is Six Sigma. Six Sigma has its roots in manufacturing, but it is widely used in transactional and service industries, including...

Manufacturing seeks to produce as many goods as the market will buy at the lowest possible cost. Machines and robotic automation are essential for this to be achieved. There are two types of...

Mergers and acquisitions (M&A) are partnerships between two or more businesses. In a merger, two or more companies that are on equal terms join forces to create a new enterprise. In an acquisition, a...

Lean manufacturing is a production method that aims to reduce waste while increasing efficiency in the manufacturing process. Waste is defined as everything that fails to provide value to customers...

Strategic planning is typically done keeping mid- and long-term goals, their implementation, and evaluating the impact on organizational objectives. This is an ongoing process wherein an organization...

Embracing digital transformation was the one thing that businesses learned during the pandemic. This meant that small and medium-sized enterprises (SMEs) like yours could make use of new technology to...

A supply chain is a systematic procedure that involves businesses, people, tasks, and resources to transport goods from a supplier to a buyer or end user. Supply chain management (SCM) controls all...

Although supply chains have existed for years, companies of late have begun to pay attention to them as a value addition to their operations. Earlier, supply chains were focused on the availability...

Continuous improvement (CI), also known as Kaizen, is the process of making small incremental changes that add up to significant results. It consists of 3Es – Efficiency, Effectiveness, and Execution...

What is an organization An organization is a collection of people who join together to achieve some common goals and objectives. Also commonly referred to as a a company, institution, association...

Strategic planning is vital for an organization as it establishes sequences for the realization of the stated future vision of an organization. It bridges the gap from overall direction to specific...

Technology is developing quickly, and numerous cutting-edge digital solutions are available to keep organizations competitive. Modern companies need advanced technology for efficient corporate...

Continuous improvement (CI) focuses on ongoing improvement of products, services and processes, through incremental and breakthrough improvements. It may include improving the smallest change that may...