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Business Metric
Published:Business metrics are metrics that are quantifiable and utilized to assess the performance or status of a business function.
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Six Thinking Hats
Published:Have you ever been on an improvement team that just doesnโt work as well as you expected? Was it because people werenโt trying or was the mix of personalities and perspectives not conducive to working together for a solution? Letโs see how one company handled this problem. Using the Six Thinking Hats helped this company […]
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U Chart
Published:A U chart is one of four quality control charts that engineers use to track variation in a manufacturing process.
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Mean Time Between Failures (MTBF)
Published:Mean Time Between Failure is a basic metric that describes the frequency of problems in physical equipment or systems that disrupt production uptime.
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Box-Cox Transformation
Published:The Box-Cox transformation can be used for converting the data to a normal distribution, which then allows the process capability to be easily determined.
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Operation Cost Target (OCT)
Published:An operation cost target is the maximum expenditure allowed for all costs that are associated with a project, including overhead, materials, labor, outsourcing, and other costs.
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How Motorola’s Continuous Improvement Efforts Led to Record Growth and Profit
Updated:While Motorola had been an industry leader for decades, by the 1970s, many of its products were seen as potentially unreliable by consumers. The company addressed this issue by embarking aggressively on an innovative program of continuous improvement that has come to be known as Six Sigma. How Continuous Improvement Changed Consumer Perception Of Motorola […]
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Strategic Planning: Defining Vision, Goals, and Objectives for Success
Updated:Strategic planning is a disciplined effort to produce fundamental decisions and actions that shape and guide what an organization is, what it does, and why it does it, with a focus on the future.
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Capability Maturity Model (CMM)
Published:An established framework for the ongoing improvement of software development and implementation practices.
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Convert DPMO/Sigma to Cpk
Published:DPMO, Sigma Level and Cpk are three metrics you can use to measure how well your process is performing.
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Subject Matter
Published:Subject matter refers to all things related to your company’s products, services, or customers.
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Mura
Published:Mura is a Japanese word meaning unevenness, non-uniformity, and irregularity.
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FMEA
Published:FMEA stands for Failure Mode Effects Analysis and allows you to think through all of the possible ways something can go wrong, then find ways to mitigate those risks, so that your project is more likely to succeed.
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Alias
Published:An alias indicates that you’ve changed two or more things at the same time in the same way. Aliasing is a synonym for confounding.
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How Process Maturity Models Help Organizations Achieve Higher Levels of Performance
Updated:Process maturity is a concept used by the Lean Six Sigma (LSS) methodology to evaluate and optimize business processes.
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How to Incorporate SS Process Reports into Your Quality Processes
Updated:The Six Sigma process report is a Minitab tool that calculates process capability and provides visuals of process performance.
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How to Identify and Eliminate FISH Inventory in Your Business
Updated:First in Still Here (FISH) is a term that refers to very slow-moving inventory.
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Design Verification, Production and Process Validation (DVP&PV)
Published:The process where planning, testing, and reporting occur in the design or prototype stage in the development of a product.
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What is Return on Net Assets? A Complete Guide
Updated:RONA is one bottom-line measurement showing performance relative to strategic goals and objectives.
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Confirmation is Key to Reducing Risk and Increasing Accuracy
Updated:Confirmation is a way to confirm that a process is working as expected. It can be used to validate or invalidate a hypothesis, test a process or product and test the process of testing.
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Achieving Organizational Excellence through GOAL Deployment
Updated:Using GOAL Deployment in support of their Strategic Plan, this company was able to align goals and objectives and achieve impressive organizational improvementsย The Company historically used yearly Strategic Planning to lay out its macro goals and initiatives. This was done by each functional area of the company submitting what they believed they wanted to […]
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Discover the Power of Process Window Index in Continuous Improvement
Updated:A process window index (PWI) is a quantifiable and reproducible statistical measure which indicates how a product performs relative to range limits.
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How Ideation Brainstorming Can Improve Your Business Processes
Updated:Ideation brainstorming is the first stage of a formal solution development process that usually includes free-form exchange of thoughts and ideas.
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Keep It Simple and Specific (KISS)
Updated:The Keep it Simple and Specific principal is based on the idea that most systems work at their best if they are kept simple as opposed to being made complicated.
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Activity Based Costing: Key to Increasing Efficiency and Improving Profit Margins
Updated:Activity Based Costing (ABC) is a tool to help companies understand how their products and services are being used.
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Understanding Systems Thinking: A Guide to the Key Concepts and Benefits
Updated:Systems thinking is based upon the concept that all systems are composed of interconnected parts. These connections and interrelationships cause behavior of one part to impact another.
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Entry Criteria: Key to Controlling Processes and Reducing Variability
Updated:Entry criteria is an established set of conditions that must be met before a specific process can begin.
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What is The Poisson Distribution? A Complete Guide
Updated:The Poisson distribution is a discrete probability distribution that provides the probability of a given number of events occurring in a specified interval of time or space.
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Unlocking the Secrets of the S-hat Model
Updated:S-hat is a common model used in statistics when estimating a population.
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The Role of Inferential Statistics in Data Analysis
Updated:Inferential statistics consists of several statistical tools that will allow you to make an inference about the population from sample data.
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Capability: Formulas for Measuring Process Performance
Updated:Capability is the ability of your process or product to meet expectations of your customers or any internal organizational expectations, goals or targets.
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How to Use Benchmarking to Drive Performance Improvements
Updated:Benchmarking is comparing what you do to how other organizations do it.
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Maintaining Quality Standards with Process Design Requirements
Updated:Businesses should have clear expectations from every procedure, activity and task that happens in their workplace. These expectations can be formalized as process design requirements, which describe the minimum acceptable results from a particular process. Overview: What are process design requirements? Active business managers donโt just let things unfold and develop on their own. Control […]
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The Significance of Measurement Variation in Your Process
Updated:In statistics, variation is a measure of the dispersion or spread of your process data.
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Understanding Covariates for Accurate Results
Updated:A covariate is a continuous variable that affects a process that is not the direct target of the study. Excluding known covariates from an investigation can lead to skewed or biased results, which can reduce the value of the analysis or even render it worthless for its intended purpose. Accounting for known covariates is crucial […]
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Maximizing Productivity with Single Minute Exchange of Die (SMED)
Updated:SMED or Single Minute Exchange of Dies is a process for reducing changeover time.
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Tips and Tricks for Calculating the Trimmed Mean in Your Data Analysis
Updated:Trimmed mean is defined as the mean calculated by trimming 5% data sets from the top and bottom of data sets
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The Power of Process Decision Program Charts in Risk Mitigation
Updated:An analytical management tool used to develop a basic outline of core processes and help the analysts consider what may go wrong with each step.
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What are Dependent Variables and Why Do They Matter in Data Analysis?
Updated:In business, your profit will be dependent upon several variables such as material and labor costs. Other variables will also be dependent upon several other independent variables.
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What Every Company Needs to Know About Z st
Updated:While you may not be familiar with the specifics of Z st, youโve almost certainly heard of it. Itโs a measure of the distance between two data points on a distribution curve, and it can be used in many different ways to enhance your understanding of how processes work.
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Inspection: Key to Quality Control
Updated:Being able to provide your customers with quality goods and services should be a primary goal of any business. In order to be able to provide quality, inspections need to be part of your process.
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Why Calibration is Essential for Quality Control
Updated:Calibration is the act of testing the accuracy of measurement equipment and adjusting it to conform to an independent standard.
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Understanding the Importance of Fits in Statistical Modeling
Updated:Fits are another term for fitted values. A fitted value is a prediction in a statistical model of a mean response value.
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What The Hawthorne Effect Teaches Us About Motivating Workers
Updated:Have you ever noticed that, when you observe people doing their job, they may alter the way they work if they know you are looking? That sums up the essence of the Hawthorne Effect.
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How Change Management Benefits Your Organization
Updated:Change management is defined as the methodological approach a company takes in the implemental change of its internal and external processes.
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Planning Ahead: How to Predict and Prepare for Effects
Updated:For every action we take, there is an effect. Some actions may have only one or a few effects, while others can have a multitude. Having an understanding of the effects of actions, as well as what exactly causes them, helps us be mindful of which actions to take.
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Binomial Random Variables: A Guide to Calculating Probabilities
Updated:You might be familiar with a continuous random variable where you can measure something with an infinite number of possible values. But what if your data has only two possible values; good or bad? Maybe we can answer that with a discussion of a binomial random variable.
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Understanding Datsu Chaku: Efficiency and Cost-Savings
Updated:Knowing when your methods are not the most efficient is an important realization to have. Being willing to improve upon your processes and make them more efficient can be a deciding factor on whether your business is going to survive and thrive. Manufacturers may begin with processes that utilize a more Datsu Chaku method, but should always be working towards a more Chaku Chaku-focused mode of operations.
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Pugh Matrix vs. Analytical Hierarchy Process: Whatโs the Difference?
Updated:What is Pugh Matrix? When it comes to finding solutions and improvements in business processes, making a final decision can seem impossible. There are always multiple options for dealing with a situation or problems, which can be paralyzing for leadership. Pughโs Controlled Convergence, also called the Pugh Matrix, is a numerical method for making tough […]
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The Link Between Information Technology Infrastructure Libraries and Risk Management
Updated:A collection of educational and research material that outlines a systemic model for companies delivering IT services.
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