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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Managing Work in Process: Best Practices for Optimal Workflow

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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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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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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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Quality Control and Management: The Role of Quality Attributes

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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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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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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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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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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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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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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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Key Metrics for Evaluating Lead Time Performance

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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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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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Targeting Costs: Balancing Quality, Affordability, and Profitability in Your Business

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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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The Importance of Understanding LSS Customer Philosophy

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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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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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How Cost Modeling Can Help Improve Your Bottom Line

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Cost models provide a wealth of vital information about the overall state of a business as well as details of specific operations, which makes them a powerful tool for any streamlining agenda.

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Capacity

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Capacity refers to how much work a company can take on and how fast it can grow. To improve efficiency and reduce waste, learn how to pay attention to your maximum output and how to manipulate it.

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