Predicting Success: A Comprehensive Guide to Trend Analysis Tools

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Do you possess a crystal ball to see what the future brings for your organization? Probably not, but you do have a statistical version of a crystal ball by using trend analysis. 

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Quality Operating System (QOS): Delivering Constant Quality

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With increasing competitive and market pressures, understanding customer requirements and delivering high-quality products, processes and services has never been more important. By implementing a Quality Operating System, you can ensure that quality improvement is every employee’s responsibility and focus.

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Predetermined Motion Time System (PMTS): Maximizing Efficiency and Productivity

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A predetermined motion time system can be useful for everything from estimating labor costs to balancing production lines. It is a concept worth exploring for its myriad applications.

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Understanding Rejectable Quality Level: Key Concepts and Applications

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When it comes to sampling plans, there are some terms that are absolutely crucial to be aware of. These are Acceptable Quality Level (AQL), Indifference Quality Level (IQL), and Rejectable Quality Level (RQL).

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I-MR Chart: Understanding Your Process Stability

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The Individuals-Moving Range (I-MR) Chart is one of the most widely-used control charts in statistics and the standard for most situations where data was collected in individual data points. It allows such a process to be assessed for stability both in terms of central tendency as well as variation.

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variable vs. attribute data

NORMSINV: Use Microsoft Excel for Your Analysis

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NORMSINV is an Excel function that provides the INVERSE of the cumulative standard normal distribution. Let’s learn how it works.

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SCOT Analysis: Gain Insights for Your Organization

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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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Warning Limits: Catch Outliers in Your Production

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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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Root Cause and Failure Analysis (RCFA): How to Fix Production Issues

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In a fiercely competitive market reacting swiftly to product or process failures, determining the true root cause and implementing change limits financial and reputational damage. Utilising root cause and failure analysis methodology is your gold standard for robustly preventing future failures.

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Exploring the Null Hypothesis: Definition and Purpose

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The null hypothesis, written as Ho is a subset of the larger topic of Hypothesis Testing. The null hypothesis is a statement about a specific condition of your data and allows you to draw important conclusions about that data.

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Platykurtic Distribution: Working Beyond Normality

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Not all your data will have a normal distribution. Sometimes, the curve is taller or shorter than a theoretical  normal distribution. Does that mean you have a problem? We can answer that question by learning a little bit more about kurtosis and the platykurtic distribution.

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Identifying and Managing Special Cause Variations: Dealing with the Unexpected

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When it comes to variance, there are two main types to consider. These are common cause and special cause. Common cause variations usually do not pose much of a problem. Special case variations are another story.

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Confidence Bands: An Essential Tool for Statistical Analysis

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The concept of a confidence band is usually associated with regression analysis. We will also explain why a confidence band is not the same as a confidence interval.

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Using Voice of the Process to Identify Critical Processes for Improvement

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Are you hearing voices? If it’s in a business context, then there is nothing to worry about — and it might even be a good thing. Let’s listen in to the voice of the process and hear what it has to say.

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How Kaizen Events Drive Continuous Improvement

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With your business, sometimes a need arises to address an issue swiftly and with all hands on deck. A Kaizen Event is meant for these kinds of times.

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Engineering Change Request (ECR): Preparing for Change

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While you hope everything goes smoothly and as planned, sometimes you have to make a change in your existing product or product design. The engineering change request is the form you use to initiate the changes.

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Design Risk Assessment: Minimize Problems Before They Begin

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Design risk assessment is a risk assessment framework that identifies, analyzes, and documents risks during a design project. When performing a design risk assessment, the team will assess all risks associated with the project including the design process. 

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The Difference Between Correction and Corrective Action in Business Problem-Solving

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Problems are going to arise in business, but the companies that succeed in the long term are those that find the true causes of those problems and find ways to keep them from happening again. When an issue occurs, the inclination is to stop it quickly. While this is fine, it is important […]

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Mastering the T-Statistic: Tips and Tricks

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You may think turnaround time has decreased from your baseline as a result of a process improvement. But has it really? The t statistic is one way to find the answer to that question.

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The Role of Multi-Generational Product Planning in Business Growth

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“So much to do, and so little time to do it” might be a good way to describe multi-generational product planning, or MGPP. Sometimes it makes sense to stage your improvements over a longer period of time.

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attribute data

Natural Tolerances: Expecting the Drift

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The economical method of setting the control limits of a process to a specific level is known as natural tolerance. Natural tolerances work well for typical desired levels of control and are useful for reviewing the practicality of the specification limits.

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Clean Point: Getting Your Production Back on Track

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In manufacturing, production may have to halt due to an issue somewhere in the process. Once the issue is addressed, it is important to know just where the clean point is.

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Z Bench: See How Far Your Data Is Straying

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Z bench is not where Zorro rested after saving another town. There are a number of Six Sigma terms associated with the letter Z, such as Z score, Z bench long term, Z bench short term, and Z shift. Let’s explore the A to Zs about Z.

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What are Replicates? A Complete Guide

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When doing Design of Experiments (DOE), replicates become an important consideration for improving the accuracy of your experiment. Let’s learn a little more about replicates. In Design of Experiments (DOE), a replicate is a single repetition or run of an experiment, with all conditions and factors kept constant except for the treatment being […]

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