Category: Concepts
Process Failure Modes Effects Analysis (PFMEA)
Published:Complex processes increase the likelihood of error states occurring. Scrap, defects, unnecessary work in progress, and warranty are all expensive. We’ll show you the benefits of adopting the process failure mode and effects analysis approach for your business.
Read more »Maximize Your Project Management Potential with PMP Certification
Updated:Widely recognized as one of the most prestigious certifications in the industry, PMP validates your knowledge and experience in project management, opening up new opportunities for career advancement and higher salaries. Overview: What is Project Management Professional (PMP) Project Management Professional (PMP) is a globally recognized professional certification that is granted by the Project Management […]
Read more »Master 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 more »What is Last in, First out (LIFO)? A Complete Guide
Updated:Having a reliable method to account for your inventory is vital for reporting your financials to stakeholders as well as having the appropriate information for your business taxes. There are three popular methods for this, and they are the FIFO, LIFO, and average cost methods. If you are running a business, you are looking for […]
Read more »Material Requirements Planning is Key to Operational Efficiency
Updated:Almost every product requires physical materials, even services or solutions that don’t include a final physical deliverable. Any type of resource, component or supply needed to produce a particular product is considered a material. Material requirements planning (MRP) is a method for gaining greater control over internal logistics and turning it to the company’s advantage. […]
Read more »Driving Success: The Crucial Role of Management in Lean Six Sigma
Updated:Management plays a critical role in the successful implementation of Lean Six Sigma (LSS) methodologies within organizations. It provides the foundation for driving process improvement, achieving operational excellence, and delivering superior customer value. In today’s competitive business landscape, organizations strive for efficiency, quality, and continuous improvement to stay ahead. In pursuit of these goals, Lean […]
Read more »Linearity
Published:Linearity is usually discussed in the context of Measurement System Analysis. It is a measure of the consistency of the bias of your measurement system.
Read more »Understanding Muri and How to Eliminate It
Updated:Waste is one of the biggest setbacks that prevents companies from reaching their maximum potential. One of the categories of waste, as described by Talichi Ohno, is known as muri. Talichi Ohno developed a system for Toyota that focused on the continuous improvement of quality and the elimination of waste. The types of waste as […]
Read more »Key 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 more »The Role of Mura in Process Waste: Strategies for Minimizing Variation
Updated:The Toyota Production System, was developed around the elimination of the three types of deviations that represent the inefficient allocation of resources. The three types of deviations are muda, mura, and muri. Muda deals with waste and is often defined by the 7 wastes of lean. Mura is concerned with inconsistency and variation and may […]
Read more »The Impact of Mean Time to Repair on Your Company’s Bottom Line
Updated:MTTR can refer to Mean Time to Repair as well as Mean Time to Resolution, Mean Time to Resolve, and Mean Time to Recovery. These all mean the same general thing, but on this definition page, whenever we reference MTTR, it is in regard to Mean Time to Repair. Overview: What is Mean Time to […]
Read more »Leptokurtic Distribution
Published:Sometimes your data isn’t a normal distribution. Sometimes, the curve is taller or shorter than the normal distribution. Is that a problem? We can answer that question by learning a little bit more about kurtosis and the leptokurtic distribution.
Read more »Unlocking Success: Management by Knowledge in Process Improvement
Updated:Management by knowledge is imperative to the success of your process improvement initiatives. Discover how to harness this tactic in your Six Sigma processes to enhance performance, promote collaboration, and maximize staff potential. What is Management by Knowledge in Six Sigma? Six Sigma serves as a powerful tool to drive efficiency and customer satisfaction. With […]
Read more »Mean Time Between Failures: A Guide for Proactive System Maintenance
Updated:Understanding mean time between failures (MTBF) is a way of expecting the unexpected. Every kind of physical tool, machine or device will eventually fail. Friction of physical parts rubbing against each other, degradation of certain materials or misalignment between different components can all contribute to system failures. That’s why every active car needs tune-ups and […]
Read more »Why You Need a Metricationist: A Guide to Maximizing Your Company’s Performance
Updated:Having a metricationist on your team opens up your organization to a wide range of possibilities. The use of metrics can mean the difference between an average company and a great one. A metricationist can help take your company to an optimal level of quality. Overview: What is a metricationist? A metricationist is a person […]
Read more »Lean Manufacturing: Improving Quality and Reducing Costs
Updated:Lean manufacturing seeks to get rid of the extra fat and waste in your process while seeking to build muscle in your production processes. Let’s see how.
Read more »Step-by-Step Guide to Understanding and Using Multiple Regression in Your Research
Updated:If you are trying to predict the outcome of a dependent variable by analyzing the relationship with several independent variables, then multiple regression may be your statistical tool of choice. Let’s examine multiple regression in more detail. Multiple regression is a statistical technique that allows you to analyze the relationship between a dependent variable and […]
Read more »Understanding Lots for Efficient Inventory Management
Updated:When a product is purchased by an end-user, it is generally sold individually. However, when the product is initially delivered to a distributor by a supplier or sold wholesale, it is usually grouped into a large quantity and sold as a lot. When your business expands, it is almost guaranteed that you will be dealing […]
Read more »Interquartile Range
Updated:In a box plot, it is easy to see the range of where 50% of your data lies. Let’s examine this a little further by describing the interquartile range. Quartiles can be defined as dividing your data into 4 parts or quarters of approximately equal size. You can define the 4 parts in terms of […]
Read more »Increase Your Process Capability with L2 Spreadsheets
Updated:When it comes to process capability, the more tools you have, the better. An L2 spreadsheet can help to make working with your capabilities a simpler endeavor. L2 Spreadsheet An L2 spreadsheet is just one of many spreadsheets that can help you be more knowledgeable about the ins and outs of your business. Overview: What […]
Read more »Maximizing the Benefits of In-Control: Tips for Process Improvement
Updated:In-control is not referring to the behavior of your children. It’s about whether your process is exhibiting common or special cause variation. Let’s explore how this works.
Read more »L1 Spreadsheet
Updated:Six Sigma is a method for process improvement that aims to minimize variation. Organizations with multiple departments such as finance, manufacturing, and sales with different definitions of a defect can use these universal metrics to identify processes that are not operating at a Six Sigma level. Overview: What is an L1 Spreadsheet? An L1 spreadsheet is […]
Read more »Streamlining Production with Just-In-Time Manufacturing
Updated:Have you ever had to shut down your manufacturing line because major components haven’t arrived from your supplier? Have you ever had to rent extra warehouses for your finished goods? Just-in-time (JIT) manufacturing would prevent that from happening. Let’s see how that works.
Read more »The Concept of Kaizen: The Key to Continuous Improvement
Updated:If your organization is too impatient to use a formal DMAIC approach to continuous improvement then Kaizen may be the tool for you.
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