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The Fab Faber Series: I
Book Summary Power of Less by Leo Babauta 10 Big Ideas from the book #1: Simplicity means identifying what’s essential, then eliminating the rest. #2: Focusing on the essential produces the most results for the least effort. #3: You must set limits – they don’t set themselves. #4: Focus on only one thing at a time. #5: Limit your active goals and projects to no more than 3-4 at a time. #6: Establish three Most Important Tasks (MITs) every day,...
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Customer First, Always!
How often have we seen posters in organizations shouting messages such as ‘Customer First’ or the ‘Customer is King’ How often, as a customer, have you actually experienced this claim? Here is a story of an expatriate, in India, who actually made it happen. In the mid-1990’s, India had graduated from a license raj regime to becoming a relatively more liberal economy. Policies had changed that permitted foreign organizations to hold more than 50 per cent shares in the pharmaceutical...
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Healthcare Reforms: Yet another step towards Fab World..!
It was yet another day of challenges for Dr. Surana, the head of a Super Speciality hospital which is located in Ahmednagar district. About 290 Km from Mumbai, on the Ahmednagar - Manmad State highway, the hospital is developed as a super-specialty institute with special emphasis on services to the poor and non-affluent classes of the society. Even though Dr. Surana and his experienced team are committed to give their best of service to the patients, like any other hospital...
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Faber Infinite – Finalist for Red Herring’s Top 100 Asia Awards
We are glad to share that Faber Infinite has been selected as a Finalist for Red Herring’s Top 100 Asia Awards, a prestigious list honoring the year’s most promising private ventures from the Asian business region. The Red Herring editorial team selected the most innovative companies from a pool of thousands of companies from across Asia. The nominees are evaluated on both quantitative and qualitative criteria, such as financial performance, innovation, quality of management, execution of strategy, and integration into...
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Faber Infinite getting social..!
It is the time which says, 'you don't exist, if you are not on social media'..! Faber Infinite appreciates the fact and we are revamping our Social Media universe. Please visit the Faber Infinite pages on both Facebook and Twitter (“Like” our page of Facebook and “Follow us” on Twitter). Follow the company page on Linkedin. We will be updating you with the latest information, training opportunities and services for both public and private sector organizations from Faber Infinite.
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The Bane Called Cost Cutting!
On a simple note, companies can be classified into two categories, namely, good or bad. Good companies are proactive, bad companies are reactive. One builds muscles, while the other builds fat! Recession or no recession, good companies who have focused on cutting fat & strengthening their muscles (read as internal processes). This they do by sustaining a structured program focused on building operational excellence. On the other hand, reactive companies are left clueless in dealing with the slow down. The...
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Five S
What is 5s? 5S is a system to reduce waste and optimize productivity through maintaining an orderly workplace and using visual cues to achieve more consistent operational results. The term refers to five steps – sort, set in order, shine, standardize, and sustain – that are also sometimes known as the 5 pillars of a visual workplace. 5S programs are usually implemented by small teams working together to get materials closer to operations, right at workers’ fingertips and organized and...
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Lean Manufacturing
What is Lean Manufacturing? Lean manufacturing is a continuous way of producing what the customer wants, when they want it, at a price they are prepared to pay and using the least amount of resources. The core idea behind lean is minimizing waste, therefore creating more value for customers with fewer resources. A company can reduce costs and keep prices low without adversely affecting profits or quality by controlling the amount of waste generated during production. Estimates suggest that on...
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Operational Excellence
Operational excellence is the pursuit of conducting business in a manner that continuously improves the quality of goods and services, reduces costs, increases speed and enhances flexibility to achieve competitive superiority. From a core manufacturing point of view, there are three pillars of operational excellence; they are production planning & control, manufacturing execution and operational effectiveness of people, processes and assets. Tight coordination among these three pillars is required in order to achieve overall operational excellence. Global competitiveness is placing...
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