The Way to Wealth

The Way to Wealth is an essay written by Benjamin Franklin in 1758. It is a collection of adages and advice presented in Poor Richard's Almanac during its first 25 years of publication, organized into a speech given by "Father Abraham" to a group of people. Many of the phrases Father Abraham quotes continue to be familiar today. The essay's advice is based on the themes of work ethic and frugality.

Some phrases from the almanac quoted in The Way to Wealth include:

• "There are no gains, without pains"
• "One today is worth two tomorrows"
• "A life of leisure and a life of laziness are two things"
• "Get what you can, and what you get hold"
• "Sloth, like rust, consumes faster than labor wears, while the used key is always bright"
• "Have you somewhat to do tomorrow, do it today"
• "The eye of a master will do more work than both his hands"
• "Early to bed, and early to rise, makes a man healthy, wealthy and wise"
• "For want of a nail..."

 

Frederick Winslow Taylor

Frederick Winslow Taylor (March 20, 1856 – March 21, 1915) was an American mechanical engineer who sought to improve industrial efficiency. He was one of the first management consultants. Taylor was one of the intellectual leaders of the Efficiency Movement and his ideas, broadly conceived, were highly influential in the Progressive Era (1890s-1920s). Taylor summed up his efficiency techniques in his 1911 book The Principles of Scientific Management. His pioneering work in applying engineering principles to the work done on the factory floor was instrumental in the creation and development of the branch of engineering that is now known as industrial engineering. Taylor was also an athlete who competed nationally in tennis and golf.

The Principles of Scientific Management

The Principles of Scientific Management is a monograph published by Frederick Winslow Taylor in 1911. This influential monograph, which laid out the principles of scientific management, is a seminal text of modern organization and decision theory and has motivated administrators and students of managerial technique. Taylor was an American manufacturing manager, mechanical engineer, and then a management consultant in his later years. He is often called "The Father of Scientific Management". His approach is also often referred to as Taylor's Principles, or Taylorism.

American Society of Mechanical Engineers

The American Society of Mechanical Engineers (ASME) is a professional association that, in its own words, "promotes the art, science, and practice of multidisciplinary engineering and allied sciences around the globe" via "continuing education, training and professional development, codes and standards, research, conferences and publications, government relations, and other forms of outreach." ASME is thus an engineering society, a standards organization, a research and development organization, a lobbying organization, a provider of training and education, and a nonprofit organization. Founded as an engineering society focused on mechanical engineering in North America, ASME is today multidisciplinary and global.

ASME has over 140,000 members in 158 countries worldwide.^[2]

ASME was founded in 1880 by Alexander Lyman Holley, Henry Rossiter Worthington, John Edison Sweet and Matthias N. Forney in response to numerous steam boiler pressure vessel failures. Known for setting codes and standards for mechanical devices, ASME conducts one of the world's largest technical publishing operations, holds numerous technical conferences and hundreds of professional development courses each year, and sponsors numerous outreach and educational programs.

Design for manufacturability (Revisited)

Design for manufacturability (also sometimes known as design for manufacturing or DFM) is the general engineering art of designing products in such a way that they are easy to manufacture. The concept exists in almost all engineering disciplines, but the implementation differs widely depending on the manufacturing technology. DFM describes the process of designing or engineering a product in order to facilitate the manufacturing process in order to reduce its manufacturing costs. DFM will allow potential problems to be fixed in the design phase which is the least expensive place to address them. Other factors may affect the manufacturability such as the type of raw material, the form of the raw material, dimensional tolerances, and secondary processing such as finishing.

Depending on various types of manufacturing processes there are set guidelines for DFM practices. These DFM guidelines help to precisely define various tolerances, rules and common manufacturing checks related to DFM.

While DFM is applicable to the design process, a similar concept called DFSS (Design for Six Sigma) is also practiced in many organizations.