by Lea Strickland | Mar 16, 2011 | Glossary
Decrease production lead times/increase throughput; improve product quality/reduce inventory levels; increase profitability/reduce expenses.
by Lea Strickland | Mar 16, 2011 | Glossary
Focusing on constraints to maximize throughput while controlling inventory levels and operating expenses.
by Lea Strickland | Jul 30, 2010 | Glossary
Liability insurance that provides general cover to a firm’s directors and senior executives. Usually paid by the firm, it reimburses (in part or in full) the costs resulting from law suits and judgments arising out of poor management decisions, employee...
by Lea Strickland | Jul 30, 2010 | Glossary
Individuals appointed to offer expert advice to the elected board of directors. Neither are bound by the legal duties imposed on the elected board members, nor the elected board is bound by their recommendations.
by Lea Strickland | Jul 30, 2010 | Glossary
A less formal alternative to a board of directors, most commonly used by small companies. A company’s advisory board usually consists of 3 to 7 members, and meets periodically but doesn’t have legal responsibility for operations.
