Thurman Co

How is Change Management Different from Project Management?

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Change Management and Project Management are two distinct – yet closely intertwined – disciplines, particularly in the context of implementing new initiatives within an organization. Many of the specific aspects of management in both areas overlap. Let’s look at these intersection points in more detail to understand how they work together Stakeholder Management: While Project …

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Ten Methods for Supplier Performance Evaluation

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Evaluating supplier performance is critical to Supplier Management and overall business operations. Regularly assessing your suppliers ensures your organization’s standards and expectations are met, facilitating the smooth flow of goods and services. Numerous benefits come with evaluating supplier performance How can we more effectively evaluate supplier performance? While these methods provide a comprehensive approach to …

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Best Practices for Managing Project Scope Creep

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One key responsibility for Project Managers is ensuring projects remain on track and within budget by effectively managing Scope Creep – the tendency for a project’s requirements to increase beyond initial plans. Scope creep breeds complications When scope creep is not controlled and monitored, various complications can impact multiple project aspects and even extend to …

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The House of Lean Six Sigma

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What is Six Sigma? Six Sigma is a disciplined and data-driven methodology used in business and manufacturing processes to improve the quality of products and services while reducing defects and variability. Six Sigma aims to achieve near-perfect performance by identifying and eliminating process errors, defects, and inefficiencies. The term “Six Sigma” comes from statistical jargon, …

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STEM Education and Its Role in Inspiring Young Women in Manufacturing

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The rise of the digital economy has made Science, Technology, Engineering, and Mathematics (STEM) education more critical than ever before. As we stand on the brink of the Fourth Industrial Revolution (also referred to as “Industry 4.0”), an era characterized by rapid advancements in automation, Artificial Intelligence, and the Internet of Things (IoT), STEM fields …

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How Smart Factories Use IoT, AI, and Analytics to Enable Real-Time Monitoring and Decision-Making

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Smart factories, also known as factories of the future or Industry 4.0, leverage a combination of cutting-edge technologies like the Internet of Things (IoT), Artificial Intelligence (AI), and advanced analytics to enable real-time monitoring and decision-making. Let’s review what these three technologies encompass: The Internet of Things (IoT) is the network of physical devices embedded …

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