iSixSigma

Prabhu V

Activity

  • Hello Sridhar,

    Is it possible to explain more (or elaborate) on your concept ” No purchase order, No Pay”

    Thanks 8 years, 4 months ago

  • Automated process is known for eliminating labor costs, it is one of a family of four work processes characterized (Artisan Process, Project Process, Operations Process, Automated Process)
    From my opinion, it may attack all 8 types of wastes as defined by the Lean principles as below.

    Transport
    Inventory
    Motion
    Waiting
    Over…[Read more]

  • Hello Sam,
    On your above scenario,
    a) If a client applies voluntarily without any knowledge to the bank official and pre-screening by bank was not carried out (probably through on-line platform) then it is not […] 8 years, 7 months ago

  • Hello Abhi,

    As already mentioned that the sampling techniques will be decided based on the data type you’re going to handle.

    Hence if you can able to provide more details means, it will be useful to clarify your query.

    For example as Mr. Baskar has explained about his situation.

    Thanks and regards

    Prabhu V. 8 years, 7 months ago

  • Hello Baskar,

    Thanks for your feedback.

    You can very well post your query on any LSS (Lean & Six sigma) topics in this forum.

    Definitely, it will be answered by someone who is having sufficient knowledge and expertise (of course if some suitable stuff with me means, surely will reply to your query)

    If you want to contact me directly…[Read more]

  • Hello Baskar,

    On Addressing your query, I would like provide the following details

    1) The above sample size guideline is not with respect to the Population, rather with respect to the Population proportion (This formula is for calculating the statistically significant discrete data sample size).

    2) And also the above guideline did not…[Read more]

  • Hello Baskar,

    Kindly find the below guidelines based on your reply.

    As you have not mentioned about your objective of sampling and its proportion, I am assuming your sampling objective is finding erroneous transactions in Population (89000 transactions) and erroneous proportion in Population is unknown currently (Assuming that you have 5% of…[Read more]

  • Hello Mr. Jain,

    Kindly find the below formulas for calculating sample size based on your inputs.
    For continuous data

    N= (Z*S/E)^2

    N – Sample size
    Z – Constant for confidence level (like 1.645 – 90%, 1.96 – 95%, 2.575 – 99%)
    S – Standard deviation
    E – Precision or Error
    (Precision or Error is basically difference between target and a…[Read more]

  • Hello Mr. Jain,

    Sampling technique needs what kind of data (continuous/discrete) you are going to handle at first.

    Kindly elaborate your query.

    Thanks and regards

    Prabhu V.
    8 years, 8 months ago

  • Hi,

    From my point of view, even though the organization following the Six sigma concepts or not irrespective of it you can still work on any improvement area where you find there will be a scope for improvement for the organization and for your learning.

    Once you have prepared some basic level concepts on the improvement area, you can very…[Read more]

  • Hi,

    Please read the article about ” The Harada Method: Reduce the Eighth Waste” in the Home page.

    Regards
    Prabhu V. 8 years, 10 months ago

  • Hello Norman,

    will send me the book which you are mentioning?

    My emai id is [email protected]

    regards

  • This method even new, which sounds good at attacking the People part of 3P. I felt that if it proven successful among industries may yield the results drastically.

    Early waiting to see the 2nd part of the […]

  • Hi,
    Kaizen is a process improvement methodology, which aims at attacking the low-hanging fruits of the organization.
    Kaizen as a part time activity of employee/resource is very effective & best yielding initiative […] 8 years, 11 months ago

  • Hi,
    Pls follow the below threads, hoping that it may useful to clear your confusion

    http://www.isixsigma.com/topic/continuous-data-and-discrete-data-37/

    http://www.isixsigma.com/topic/continuous-data-and-discrete-data/

    Best regards
    Prabhu V.
    8 years, 11 months ago

  • Prabhu V changed their profile picture 9 years ago

  • Prabhu V changed their profile picture 9 years ago

  • Gaurav,
    After studying the entire thread, I would like to provide the following:-
    a) The purpose of audit which you would like to introduce is to ensure proper guidelines being followed in each transaction (i.e the system should not be misused)
    b) Since the audit is going to be iterative once introduced it will create a awareness among the…[Read more]

  • Gaurav,

    Can you elaborate your queries for better understanding (Hoping that I have given all the assumptions used in the above example in detail.)

    Regards 9 years, 1 month ago

  • Hi Gaurav,

    To answer your question in general, you can apply the sample size calculation using the discrete data method.

    However, you should have some pre-work data for this method (say for example, from the previous analysis about 10% of transactions were erroneous)

    If you have similar situation, then you can apply the discrete data…[Read more]

  • Load More