Category: Concepts
Track Organizational Progress with the Help of Key Performance Indicators
Updated:How does your organization track and monitor organizational performance? Do you have key metrics that you frequently look at to make decisions? Using Key Performance Indicators (KPIs) is a common method for tracking your most important metrics. Let’s see how. A Key Performance Indicator (KPI) is a measurable value that demonstrates how effectively a company […]
Read more »Hoshin Kanri
Published:Does your organization just focus on today’s operational and tactical issues, or is there a process for developing a strategic plan for the future? Hoshin Kanri is a method for ensuring an organization’s strategic goals drive progress and action at every level within that organization.
Read more »The Importance of Federal Motor Vehicle Safety Standards (FMVSS)
Updated:The Federal Motor Vehicle Safety Standards (FMVSS) are the practical realization of US Government policy regarding the manufacturing of motor vehicles within the nation’s borders. These regulations involve every significant area of automobile performance, so they cover everything from airbag deployment assemblies to structural integrity of the entire frame. Overview: What are Federal Motor Vehicle […]
Read more »Unlocking Project Insights with Gantt Charts
Updated:Utilization of project management tools helps ensure the success of a project. One such tool is the Gantt chart. At the beginning of the 20th century, Henry Gantt created a chart for recording the progress of workers when assigned to a task. His work revolutionized the field of project management, and his innovations are still […]
Read more »How to Find and Fix Frequently Committed Errors in Your Processes
Updated:Frequently committed errors (FCE) are anomalies in a particular process that have a negative impact on the outcome. Essentially, anything that falls outside of the established, value-added activities within each process is an error. Identifying, recognizing and addressing frequently committed errors is essential to good business management. Overview: What are frequently committed errors? Every process […]
Read more »Exit Criteria
Published:Exit criteria exists to keep your development and process improvement teams honest about your true current state. This article discusses exit criteria and its place within any tollgate system. It covers the benefits of using them as well as the risks of ignoring them.
Read more »Securing Your Business: The Importance of Encryption for Data Protection
Updated:In business, there are times when you may be transferring sensitive data. Working with software that provides encryption services can help keep your data secure. Many now associate encryption with modern technology, but the practice likely dates as far back as 1900 B.C. During this time, one scribe used unorthodox hieroglyphic characters instead of the […]
Read more »Hanedashi
Published:Manually changing parts in and out of a machine can be time-consuming and present a safety issue. Hanedashi solves that problem by automatically doing almost everything that the operator would do in a manual operation.
Read more »Understanding Frequency Plots: A Visual Approach to Data Analysis
Updated:It is generally easier to understand what your data is telling you if you can visualize it rather than view it in rows and columns of numbers. A frequency plot is a great tool for doing that. A frequency plot is a graphical representation of the distribution of continuous data based on how often a […]
Read more »How to Measure Efficiency and Increase Productivity
Updated:When you hear the word efficient, you probably think of the words waste, productivity, inputs, and outputs. An efficient process will allow you to provide your customers more and better products for less effort.
Read more »Improving Quality and Employee Relations with Error Cause Removal
Updated:In 1979, Philip B. Crosby wrote what came to be seen as a landmark in quality management theory. The book, “Quality With” focuses on a managerial style that focuses on delivering quality in business, often in ways that are of little to no cost. One of the 14 steps listed on the way to quality […]
Read more »Empirical Rule
Published:The empirical rule is a simple way to understand the distribution of your data values if they come from a normal distribution.
Read more »From Problem to Solution: The Power of Gap Analysis
Updated:Keeping one step ahead of the competition whilst consistently meeting customer requirements makes a lot of business sense. Using gap analysis, we have a methodology that helps to understand and achieve full business potential whilst driving continuous improvement.
Read more »The Benefits and Drawbacks of Globalization: A Comprehensive Guide
Updated:With most major corporations, in order to get their products into your hands inexpensively, the work does not all happen in one place. More often than not, various aspects involved in the manufacturing process occur across more than one country. This would be very difficult to achieve if not for the advancement of globalization.Globalization plays […]
Read more »Fenwick-vanKoesveld Test: Ask Three Questions to Find One Root Cause
Updated:When something goes wrong in your organization, it is important to know what the cause of the issue is in order to prevent it from happening again. Luckily, there are several failure analysis tools available, one of which is the Fenwick-vanKoesveld Test.This test is relatively simple and serves to find the true reason for a […]
Read more »Form/Format
Updated:It is necessary to have data organized in a systematic and uniform manner. This keeps information tidy and easy to interpret. One part of keeping data together in this way is by using an established form/format system. Can you imagine doing a major business deal and just being handed a blank sheet of paper to […]
Read more »Improving Product Quality and Efficiency with FMEA
Updated:Overview: What is FMEA? When it comes to risk assessment in Lean Six Sigma, one of the most useful tools you can use is FMEA. FMEA stands for Failure Modes and Effects Analysis. It’s a tool used to identify and prioritize potential failures of a product or process through a systematic approach that involves identifying […]
Read more »How to Ensure Robust Data Security with Extract Load Transfer (ELT) Systems
Updated:Since lean six sigma management requires firms to measure, track, and analyze data about their products, processes, and customers, effective data management is integral to limiting waste and meeting the goal of continuous improvement. Overview of ELT The ELT process is a three-stage data pipeline that consists of the following stages: 1. Extract The first […]
Read more »Enhancing Skills and Morale: A Guide to the Gwilliam Motivational Model
Updated:Motivation is a critical factor that drives human behavior, and it plays a vital role in the success of individuals and businesses. The Gwilliam Motivational Model is a psychological theory that explains the factors that motivate individuals to perform at their best. Overview: What is the Gwilliam Motivational Model The Gwilliam Motivational Model is a […]
Read more »Understanding ERP: The Business Management System that Streamlines Operations
Updated:Enterprise Resource Planning (ERP) is a business management system that integrates all aspects of a company’s operations, including finance, human resources, manufacturing, supply chain management, and customer relationship management. ERP software allows businesses to automate and streamline their processes, creating a unified and efficient system that improves productivity and reduces errors. It provides a centralized […]
Read more »Understanding the Power of Hard Savings in Six Sigma Projects
Updated:Hard savings are benefits that have a direct impact on the organization’s bottom line. They not only improve business operations, but also reinforce the value of Six Sigma methodology.
Read more »Financial 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 more »The Role of Continuous Improvement in Addressing Erroneous Data
Updated:The concept of “erroneous” in Six Sigma emphasizes the importance of accuracy and reliability in data collection and analysis. Erroneous data can lead to incorrect conclusions, poor decision-making, and negative business outcomes. To address erroneous data, organizations can implement best practices such as defining what constitutes erroneous data, implementing robust data validation processes, using statistical […]
Read more »The Global Commerce Initiative Empowers Businesses of All Sizes
Updated:If you are working with supplies that come from a myriad of international sources, it is important to know that you are getting materials that you can trust and that there are safeguards in place. The Global Commerce Initiative is meant to address this concern among businesses as well as consumers. The Global Commerce Initiative […]
Read more »