Two concepts that are important in achieving success for every business enterprise are effectiveness and efficiency. Effectiveness means achieving desired results by good planning, making the right decisions at the right time, and doing the right things. Efficiency means producing more outputs using fewer inputs without making mistakes. It is doing the right things in…
The current year and perhaps several years to come are clouded by some uncertainty and strain caused by the international trade wars, global political unrest, and, of course, the severe social, economic, and healthcare effects of the COVID-19 pandemic. Even with some uncertainty, however, new technologies and new programs that are key to manufacturing will…
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