NorthBridge Summer 2016 Newsletter
Lean Six Sigma Innovation Editor’s Welcome — Lean Innovation: The Art of Making Less Into More Continuous improvement in business is about more than just a set of operational principles to increase efficiency. It is a mindset, and a coprorate culture that is always geared towards finding better, more innovative solutions… Read more. JIT, TPS, […]
Training Grants Available for Quality Management System Implementations
The implementation of quality management system (QMS) standards is one way in which a company can improve their performance by reducing non-conformance issues. 9001:2015 is the latest version of international standards published by ISO, and it was developed in such a way as to allow ISO implementation with the company’s current QMS. In the latest edition […]
Creating a Lean Implementation Plan
A while back, I posed about Lean Manufacturing Principles. Today I wanted to go a little bit more in depth with how you can prepare a Lean implementation plan. First of all, let’s take a look at what exactly a lean implementation plan is. A lean implementation plan is how you are going to bring […]
Lean Manufacturing Tip: Takt Time
We’ve spoken about Lean Manufacturing many times on our blog, and it’s a term that most people are familiar with. There are many different ways that lean manufacturing can be implemented in a business; Takt Time is one of the fundamental aspects of it. But what exactly is Takt Time? It can be used in […]
Continuous Improvement in Manufacturing
We’ve spoken a bit about continuous improvement on our blog, but we haven’t yet talked about WHY exactly it is important for manufacturers, and how exactly you can apply it to your business. As a brief reminder, continuous improvement is the process of constantly making your business run more efficiently, with better effectiveness and producing […]
Lean Manufacturing Principles
According to Wikipedia, “lean is centered around creating more value with less work.” Lean manufacturing is basically creating a more streamlined process where we learn from our mistakes and reduce waste – whether physical waste or wasted time. It uses both innovation and problem solving to produce better results. The concept of “lean principles” comes […]
Ontario Manufacturers and Exporters Can Receive Up to $50K in Smart Funding
Thanks to funding provided by the Government of Ontario, Canadian Manufacturers & Exporters (CME) has created the CME SMART Program to help small and medium-sized manufacturers in Ontario improve their productivity so they can compete more effectively in the global economy. The program awards 50% funding for a project up to $50,000 for productivity improvements […]
Ways to Increase Cashflow in Your Business
Entrepreneur.com outlines 50 ways to save money in your business. Here are some of my ideas on how to increase your cashflow: Call in your Account Receivables the moment they’re due. Waiting to collect your AR reduces your cash flow substantially. Collect a portion of the payment up-front, prior to services being rendered. Stretch out the […]