Vital Few

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When there seem to be more problems than can reasonably be dealt with, which is the right analytical tool to better your chances of spending precious time on those crucial few problems that will have the greatest impact on quality?

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Work in Process (WIP)

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Proper WIP management creates both quick wins and long term improvements. Here’s what you need to know.

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Warning Limits

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Lean business operations don’t happen without defining expectations, collecting data and monitoring results. Statistical limits serve your streamlining goals through efficiency quality control and loss prevention.

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System Audit

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The system audit is a beneficial and needed tool to evaluate business processes to determine how efficiently they work. This article provides the understanding needed to correctly execute the methodology.

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Stakeholder

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The ability of a process improvement initiative to invoke sustainable change within an organization depends on the support of stakeholders who will execute the proposed changes.

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SCOT Analysis

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You need to know more about how to know more about your company. Good analytical practices shape your strategic thinking, which determines your entire future.

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Quality Attribute

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A quality attribute is a characteristic of a system that is used to evaluate the system’s performance from the perspective of the end user.

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Run Rate

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Run rates are a measure of the number of units produced by a process over a period. Actual run rates are often used to make future projections of process performance.

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Project Scope

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Effective scope management keeps your project on track by establishing clear goals, progressive milestones, performance standards, and specific restraints across every stage of the process.

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Productivity Target

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A productivity target is an established, quantifiable result from a given process. It represents the minimum acceptable value yield from a given quantity of time and resources invested into it.

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Precision

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Precision is how companies build systems that enable them to deliver the right solutions to their customers’ problems at the right times, repeatedly. Does your company do that?

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Preventive Action

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Preventing a problem is better than correcting one. Anticipating and avoiding potential issues before they arise is a hallmark of strong business management.

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Process Stability

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In Six Sigma, process stability is extremely important to efficiency and productivity. With a stable process, you have predictability, and quotas can be met.

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Prevention Cost

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Lean Six Sigma prevention cost analysis (PCA) is an important tool that can help businesses prevent costly mistakes and improve their bottom line.

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Operational Cost

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Running a business involves all kinds of expenses. Rent, materials, labor and just keeping the power on all take money, and these costs add up to your total operational expenditures.

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Objective Evidence

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Objective evidence is factual, unbiased data that can be observed and measured. Let’s explore its importance in your Six Sigma practices.

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Lead Time

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The time it takes to deliver on your deals makes or breaks your business. You need to do everything you can to speed up this process without sacrificing quality or safety.

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Master Production Schedule (MPS)

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A master schedule is the plan that all your other production plans are based on, which is why it’s so important to get this one right.

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Incoming Goods Inspection (IGI)

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An in-depth look at how IGI can help businesses become more efficient, profitable, and less wasteful by helping managers keep track of incoming good compliance issues while ensuring incoming goods meet quality standards set by the company.

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Financial Metrics

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Financial metrics are the language of business. Every manager or analyst needs to understand how to evaluate a company’s performance using ratio analysis in order to make objective, fact-based decisions and to communicate those insights to other decision-makers.

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Cost of Conformance (COC)

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Conformance is a term that refers to the degree to which a product, service, or system meets its specified requirements. It is the total of all expenses incurred by a company to meet a target quality level for a product or service.

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Cost Target

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Some companies struggle to operate within budget because they do not understand the difference between what is possible in theory and what’s possible given the constraints of their business. Knowing the how, when, and why about setting cost related targets helps gain that understanding and is crucial to knowing what systems are realistically capable of.

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Corrective Action

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Corrective action is the process, known as a corrective action plan (CAP), of taking the appropriate steps to identify the root cause of a problem and implementing a solution that corrects the root cause as to prevent its recurrence. The aim is to improve the processes in place within an organization so that problems do […]

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Customer

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An in-depth look at the Lean Six Sigma customer — who they are, why they’re important, and how to win lifelong loyalty.

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