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In streamline manufacturing, the bottleneck is the station of a production line where greatest limiting factor lies. It is generally the station with the greatest amount of work in process at the work station. Bottlenecks often results in slow production times, surplus of raw material and low employee morale.
Standardization of Work Processes: EAM solution applications are designed to streamline work processes in power generation operations. This includes improving worker productivity and asset return on investment by aiming to increase asset availability, reduce planned outage time, and enhance reliability.
WfMS may control automated processes in addition to replacing paperwork order transfers. For example, if the above design documents are now available as AutoCAD but the workflow requires them as Catia, then an automated process would implement the conversion prior to notifying the individual responsible for the next task.
The Workflow Management Coalition, [6] BPM.com [7] and several other sources [8] use the following definition: Business process management (BPM) is a discipline involving any combination of modeling, automation, execution, control, measurement and optimization of business activity flows, in support of enterprise goals, spanning systems, employees, customers and partners within and beyond the ...
Process optimization is the discipline of adjusting a process so as to make the best or most effective use of some specified set of parameters without violating some constraint. Common goals are minimizing cost and maximizing throughput and/or efficiency. Process optimization is one of the major quantitative tools in industrial decision making.
The FHA streamline refinance program makes it easier and cheaper for borrowers who have a Federal Housing Administration-insured mortgage to refinance their loans at lower rates.