Tag: Big Losses
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The Purchasing Role: Buying by Price or Buying by Cost
With the implementation of TPM, there is a significant paradigm shift regarding the role of the Purchasing Department. Before TPM, the Purchasing Department was measured by how much money it helped save by looking at the purchase price. All the buyers' efforts were focused on obtaining and "negotiating" prices. In the…
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THE 16 GREATEST INDUSTRIAL LOSSES – TPM
The goal of TPM is to combat losses. The Japan Institute of Plant Maintenance (JIPM) offers a list of 16 Major Industrial Losses that are independent of the sector or size of the company. Each company faces the challenge of investigating how each of these losses impacts its own organization, quantifying them, and eliminating them.