The hydrocarbon industry, like many other process industries, has typically optimized its value chain using a siloed approach for supply chain planning, production planning, production scheduling, ...

Production planning essentially represents the core of the process of manufacturing. The purpose of production planning is to organize resources in order to efficiently manage production costs, time ...

Manufacturing companies use quality assurance programs to gain a competitive advantage in the marketplace and reduce defect rates on the production line. Production control is a critical part of such ...

Grown from a one-man business into a global leader, STIHL Group develops, manufactures, and distributes power tools for professional forestry and agriculture, garden and landscape maintenance, the ...

With over 12,500 members from around the globe, INFORMS is the leading international association for professionals in operations research and analytics. INFORMS promotes best practices and advances in ...

Clay Halton was a Business Editor at Investopedia and has been working in the finance publishing field for more than five years. He also writes and edits personal finance content, with a focus on ...