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  2. Cross-functional team - Wikipedia

    en.wikipedia.org/wiki/Cross-functional_team

    A cross-functional team (XFN), also known as a multidisciplinary team or interdisciplinary team, [1] [2] [3] is a group of people with different functional expertise working toward a common goal. [4] It may include people from finance , marketing , operations , and human resources departments.

  3. Matrix management - Wikipedia

    en.wikipedia.org/wiki/Matrix_management

    [4] This is an example of cross-functional matrix management, and is not the same as when, in the 1980s, a department acquired PCs and hired programmers. [5] [6] Often senior employees, these employees are part of a product-oriented project manager's team but also report to another boss in a functional department.

  4. Concurrent engineering - Wikipedia

    en.wikipedia.org/wiki/Concurrent_engineering

    The elements of concurrent engineering that were utilized were cross-functional teams as well as fast time-to-market and considering manufacturing processes when designing. [5] By involving multiple disciplines in decision making and planning, concurrent engineering has made product development more cost and time efficient.

  5. Project team - Wikipedia

    en.wikipedia.org/wiki/Project_team

    The central characteristic of project teams in modern organizations is the autonomy and flexibility availed in the process or method undertaken to meet their goals. Most [quantify] project teams require involvement from more than one department, therefore most project teams can be classified as cross-functional teams.

  6. Organizational structure - Wikipedia

    en.wikipedia.org/wiki/Organizational_structure

    Weak/functional matrix: A project manager with only limited authority is assigned to oversee the cross- functional aspects of the project. The functional managers maintain control over their resources and project areas. Balanced/functional matrix: A project manager is assigned to oversee the project.

  7. MSC Industrial Direct (MSM) Q1 2025 Earnings Call Transcript

    www.aol.com/msc-industrial-direct-msm-q1...

    We have a cross-functional SWOT team in place to oversee these efforts and plan to treat any tariff-related costs as a supplier price increase. On the freight and planning initiatives, we continue ...

  8. XFN - Wikipedia

    en.wikipedia.org/wiki/XFN

    Cross-functional team, a group of people with different functional expertise; XHTML Friends Network, an HTML microformat; X/Open Federated Naming, most commonly implemented as the Federated Naming Service; Xinhua Financial Network, the blanket term for the companies and services under Xinhua Holdings; IATA code for Xiangyang Liuji Airport

  9. Team effectiveness - Wikipedia

    en.wikipedia.org/wiki/Team_effectiveness

    A common example of project teams are cross-functional teams. [33] A project team's effectiveness is associated with the speed with which they are able to create and develop new products and services which reduces time spent on individual projects. [34]