Productivity Target: Reaching Your Goals
Published: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.
Read moreProcess Stability: Minimizing Variation While Increasing Efficiency
Published:In Six Sigma, process stability is extremely important to efficiency and productivity. With a stable process, you have predictability, and quotas can be met.
Read moreARMI (Approver, Resource, Member, Interested Party): Mastering Lean Six Sigma
Published:ARMI stands for Approver, Resource, Member, and Interested Party (IP). Find out more about these Lean Six Sigma expertise classifications.
Read moreCorrective Action: Eliminating Nonconformity Permanently
Published: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 to prevent its recurrence. The aim is to improve the processes in place within an organization so that problems […]
Read moreSCOT Analysis: Gain Insights for Your Organization
Published: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.
Read moreWarning Limits: Catch Outliers in Your Production
Published: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.
Read moreRun Rate: Monitoring Your Processes for Optimal Performance
Published: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.
Read moreHow Cost Modeling Can Help Improve Your Bottom Line
Published: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.
Read moreManaging Work in Process: Best Practices for Optimal Workflow
Updated:Proper WIP management creates both quick wins and long term improvements. Here’s what you need to know.
Read moreSystem Audit
Published: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.
Read moreQuality Control and Management: The Role of Quality Attributes
Updated: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.
Read moreProject Scope
Published: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.
Read morePreventive Action
Published:Preventing a problem is better than correcting one. Anticipating and avoiding potential issues before they arise is a hallmark of strong business management.
Read morePrevention Cost
Published:Lean Six Sigma prevention cost analysis (PCA) is an important tool that can help businesses prevent costly mistakes and improve their bottom line.
Read moreOperational Cost
Published: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.
Read moreObjective Evidence
Published:Objective evidence is factual, unbiased data that can be observed and measured. Let’s explore its importance in your Six Sigma practices.
Read moreMaster Production Schedule (MPS)
Published: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.
Read moreKey Metrics for Evaluating Lead Time Performance
Updated: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.
Read moreFinancial Metrics
Published: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.
Read moreTargeting Costs: Balancing Quality, Affordability, and Profitability in Your Business
Updated: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.
Read moreThe Importance of Understanding LSS Customer Philosophy
Updated:An in-depth look at the Lean Six Sigma customer — who they are, why they’re important, and how to win lifelong loyalty.
Read moreCost of Conformance (COC)
Published: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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