Coronavirus! If you can’t fight it, join it!

It is not a secret for anyone that there is an ongoing global pandemic these days. Covid-19 (or how most people call it, coronavirus) is spreading fast and kills many. Pretty much the entire world now tries to find a solution for it and some countries are claiming that they already did, or at least found a way to contain and control the virus. Of course, we are not medical or biology professionals by any stretch of the imagination, but everyone is aware of how catastrophic this pandemic is for the global economy and the effect it has on everyone’s…

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Risk Assessment and Risk Management

INTRODUCTION Sustaining excellence and continuous process improvements are two imperative constituents of manufacturing that guarantee competitive and successful technology. Sustaining excellence principles widely discussed in the literature. For instance, the main 12 principles of manufacturing excellence to achieve sustaining excellence described by Larry Fast [1]. Sustaining excellence strategy creates a special culture of the manufacturing providing world-class performance. Manufacturing improvements are resulted from process changes and generally contradict to the sustaining. Using TRIZ contradiction categories we could define that ideal manufacturing should be changeable and sustainable at the same time. Process changes are always intended to increase a company’s profit…