When you select the correct Incoterms® rule, you can avoid consequences such as financial losses, legal disputes, and operational disruptions, which is crucial for the success of international trade transactions.This article explores the significant consequences […]
Select the Correct Incoterms® Rule: Avoid Learning the Hard Way Read More »
What is lead time? Lead time in modern manufacturing is the time elapsed from the start of a project or process until its conclusion, including delivery of a finished product. The overall production stages typically
How Is Lead Time for Manufacturing Calculated and Implemented? Read More »
Using Value Methodology (VM) principles has helped one of our customers determine ways to manage rising tariff costs. This scenario is further explained at the end of this article. Value Analysis and Value Engineering (VAVE)
How Using Value Methodology Can Help Manage Rising Tariff Costs Read More »
The Value Methodology Revisions for 2025 rolled out by SAVE International in September 2024, have recently been added to the THORS Academy course, Value Analysis and Value Engineering (VAVE). What are the revisions? When having
Value Methodology Revisions for 2025 by SAVE Included in the THORS VAVE Course Read More »
What is cycle time? In manufacturing, cycle time is the time spent within a single operational step during the process of making a complete product or providing a service. The concept of cycle time was created
Cycle Time for Manufacturing: How to Calculate and Implement Read More »
What is Takt Time in Manufacturing? Takt time for manufacturing, also known as takt, is a term that describes the time available to complete a task divided by the customer demand for the service or
Implementing Takt Time in Manufacturing Read More »
