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Affinity Diagrams: Your Ultimate Tool for Data Organization
Updated:Sometimes there are too many ideas coming at you at once. When this is the case, instead of succumbing to the chaos, grab a stack of Post-it notes and create an affinity diagram.
Read more ยปWhy Business Impact Analysis Should Be a Priority
Updated:What would happen if a new competitor suddenly enters the market? Can your company survive if a key supplier fails you? Get answers to the โwhat ifsโ of business with an impact analysis.
Read more ยปThe Benefits of Using Overall Equipment Effectiveness in Your Manufacturing Process
Updated:Would it be useful to have a simple metric for measuring how well your manufacturing process is working? That is exactly what Overall Equipment Effectiveness (OEE) is all about. Letโs learn a little more about OEE.
Read more ยปWhy Descriptive Statistics Matter in Data-Driven Decision Making
Updated:Despite the type of data your process generates, there are typically three descriptors or characteristics you would want to know to properly describe your process. Letโs learn what those descriptive statistics are.
Read more ยปHow the Central Limit Theorem Can Be Used with Different Distributions
Updated:It is not practical to calculate the statistical parameters of your population by measuring everything. The Central Limit Theorem will help you use samples to get to your answer.
Read more ยปExpert Tips and Tricks for Using a T Test in Your Statistical Analysis
Updated:How can you tell whether the average of your two sample data sets are statistically different and not just due to random chance? The T test is what you would want to use to answer the question.ย
Read more ยปHow to Interpret Prediction Bands in Regression Analysis
Updated:The concept of a prediction band is usually associated with regression analysis. We will also contrast a prediction band with a confidence band.
Read more ยปComparing Population Medians with the Mann-Whitney Test
Updated:You have two sets of data and want to test whether the means of the populations they came from are the same but the data is not normally distributed. What can you do? Letโs find out.
Read more ยปExploring the Meaning of a Linear Relationship
Updated:What kind of relationship do your X and Y variables have? Is it linear? Is it non-linear? Letโs learn more about how it can be determined graphically and statistically.
Read more ยปHow to Use a CUSUM Chart for Process Improvement
Updated:A control chart is used to identify and alert you when your process has unexpectedly shifted. Traditional Shewhart charts are good for moderate to large shifts but not for small shifts. The CUSUM (Cumulative Sum) is better for identifying small shifts. Letโs see how.
Read more ยปChoosing Common Units: Best Practices for Business Communication
Updated:Without having a defined way to measure the amount of something, the world would be chaotic. Thankfully, we have units and ways to quantify and measure them.
Read more ยปA Closer Look at the Factors that Influence Type II Errors
Updated:Errors are common when testing a statistical hypothesis. They can be difficult to avoid and by taking to preventive measures to protect yourself from one kind, you open yourself to the likelihood of another.
Read more ยปWhat You Need to Know About the Theory of Constraints
Updated:Limitations define life. Businesses face this reality every day in many different ways. Thatโs why leaders need to learn how to manage, overcome and capitalize on these constraints.
Read more ยปThe Power of Sub-Groups in Decision-Making
Updated:Being able to divide a sample into smaller groupings can be a vital tool for understanding what is happening in your processes.
Read more ยปThe Advantages of Quantifiers: Making Complex Ideas More Compact
Updated:In everything from everyday language to mathematical logic problems, we often need a way to express just how much or how often something occurs or exists, in order for a statement to be clear or make sense.
Read more ยปWhat Is Population Sampling and Why Is It Important?
Updated:When sampling, it is important to avoid bias, a lack of precision, and a lack of reproducibility. Having an understanding of population and how they work can help you avoid this.
Read more ยปHow Network Diagrams Improve Project Management
Updated:Diagrams can be extremely helpful as a visual aid to gain understanding of a project. This is a valuable type of diagram that you will likely come back to time and again for your team projects.
Read more ยปManaging Errors: Key Strategies for a Successful Business
Updated:Errors are an issue that should be kept to a minimum, especially for those aspiring to a high Sigma level.
Read more ยปThe Challenges of Dealing with Concomitant Variables in Statistical Analysis
Updated:Concomitant variables are secondary variables that may affect a process under study but are not the significant parameters that the research is designed to understand or control.
Read more ยปWhat Statistical Significance Can Tell You About Your Data
Updated:You have compared your process data before and after an improvement. Is the difference real or just noise?ย Statistical significance will help you answer that question.
Read more ยปHow to Determine and Address Common Cause Variation in Your Business
Updated:Variation and quality are not compatible with each other. The reality, however, is that anytime measurements are taken, there is going to be variation.
Read more ยปQ3: What it is and How to Use it in Statistical Analysis
Updated:If you have ever taken a test and your results told you that you were in a certain percentile or quartile, you may already have a bit of an understanding of how quartiles and boxplots work. Q3 is an important part of fully understanding boxplots.
Read more ยปWhy Investing in Quality Assurance is Worth It
Updated:The concept of quality assurance began in the manufacturing industry and is now standard for most industries.
Read more ยปThe Role of Multicollinearity in Regression Model Precision
Updated:In your regression model, one thing to look for is multicolinearity. It is a problem and can cause issues when you are interpreting results.
Read more ยปThe Importance of Effective Auditing
Updated:In business, things arenโt always what they seem. Companies that want to see whatโs really going on conduct audits to get actionable details.
Read more ยปTransforming Business Performance with Balanced Scorecards
Updated:Knowing how your company is doing and where it can improve is vital to the health of your organization. Performance metrics help to accomplish this and one such metric is a balanced scorecard.
Read more ยปBest Practices for Accountability in the Workplace
Updated:Accountability is everything. It builds trust, reputation and responsibility and is the foundation of every good business practice.
Read more ยปLevel the Playing Field with the Nominal Group Technique
Updated:Finding solutions to problems can often be better as a group effort. There are several group methods for addressing an issue. One option is the nominal group technique.
Read more ยปHow Correlation Can Help You Find the Needle in the Haystack of Business Data
Updated:Correlation analysis is central to business operations in a wide range of industries, from statistics and research, to marketing and psychology, to agriculture and physics. Even a basic understanding of the overall principles can be useful for virtually any business, in any industry.
Read more ยปWhy Risk Management is Important to Your Business
Updated:Every company faces risks all the time. Specific threats and priorities may change, but the need for an effective management strategy doesnโt.
Read more ยปUnderstanding Degree of Freedom: Importance and Applications
Updated:Having enough data available for what you want to do is vital for estimates that are as precise as possible. Degree of freedom is a concept that assists in higher forms of statistical analysis.
Read more ยปChange Agent
Published:Business transformation and lean deployment take dedicated resources with a particular set of skills to ensure change and continuous improvement are embedded in an organization. The role of change agents has never been more vital in today’s super competitive business world, and weโll show you why.
Read more ยปArtisan Process
Published:The skill of an artisan can produce unique, beautiful and innovative products, but this type of process is challenging to capitalize on in business.
Read more ยปHow to Make Process Performance Management Work for Your Business
Updated:You’ve heard the saying “everything is a process.” It’s a diplomatic way of saying something is taking too long, is too inconvenient, or that an outcome is out of one’s control. But processes are not carved in stone. They are meant to be continually analyzed, taken apart, cleaned up, enhanced, and optimized. And business leaders who constantly engage with their company’s processes do so because it’s how they are empowered to control every detail, every outcome, every time.
Read more ยปUsing Kanban to Streamline Processes and Improve Efficiency
Updated:Kanban is a tool used in Lean Manufacturing to visually manage the workflow through your processes. It is based on the concept of a pull system where things are only replaced as they are consumed.ย
Read more ยปThe Cost of Customer Misalignment (& How to Fix It)
Published:This consumer products company has a large portfolio of products. Working with key customers, the company develops and promotes brand marketing programs to help the customer improve their sales which increases the companyโs revenue as well. The CEO of the company realized the percentage of successful promotions was less than he expected. At the same […]
Read more ยปQuality Improvement Boosts Morale and Reduces Risks
Updated:Often in business, it becomes necessary to make changes to ensure a greater degree of quality. Just because a change is made though, does not necessarily mean an improvement has been made. Change needs to be systematic for quality to improve.
Read more ยปCreating a Culture of Perpetual Improvement (Pi) in Your Business
Updated:This mathematical value is, of course, the ratio of the circumference of any circle to its diameter and is signified by the symbol ฯ. In manufacturing, however, it can mean something else.
Read more ยปBig ‘Q’
Updated:Overview: What Is Big ‘Q’? It is a strategic approach to quality improvement that focuses on the entire business rather than only seeking to improve the product itself. This management method asks every level of management to focus on exceeding customer expectations to produce global changes in how it meets market needs. Conversely, little ‘q’ […]
Read more ยปMeasuring Total Observed Variation: Tools and Techniques for Quality Management
Updated:Process and measurement variations should be kept to a minimum. When looking at these variations and how they are impacting your work, there is a way to group them together.
Read more ยปThe Role of Software Inspection in Improving Processes and Eliminating Defects
Updated:It takes a lot of testing and evaluation in order to get software ready for the marketplace. Early on in software development, clearly defined methods were put in place to ensure high-quality products that were bug-free.
Read more ยปHow Fagan Style Software Inspection Can Benefit Your Business
Updated:There are several ways that companies conduct inspections of their software. One such method is Fagan Style Software Inspection.
Read more ยปMaintaining Standards Across Multiple Locations: The Importance of a Global Quality Tracking System
Updated:In modern manufacturing, it is likely that once operations reach a certain level of growth, they will be spread out over multiple locations and a standard of quality will be more difficult to maintain.
Read more ยปUncovering Hidden Insights with Consequential Metrics
Updated:If you have a project goal, it can be tempting to forge full steam ahead without looking at any potential fallout. This is, of course, a mistake. It is always important to look at what issues might come up on the way towards reaching a project target. When working on the primary metric, other metrics should be kept aware of.
Read more ยปA Guide to Appraisal Costs
Updated:Sometimes, as companies make efforts to limit costs by improving their processes, they incur costs related to an increased level of inspection. This can prove to be even more costly than the initial issues.
Read more ยปMapping Out Processes: A Guide to Keeping Workflow on Track
Updated:If you are going to get something done, it is best to usually have a plan. If there are steps that need to be taken towards reaching a goal, those steps likely need to have a sensible order to them.
Read more ยปUnderstanding the 2-Sample t-Test: A Guide to Hypothesis Testing
Updated:You have retrofitted your major production machine to make it run faster. Did the retrofit really improve machine speed? A 2-Sample t-Test can be used to answer that question.ย
Read more ยปWhat You Need to Know About Dispersion in Data Analysis
Updated:When you collect data from your process, the values will vary. This dispersion or variation of data around the central tendency can be measured. Letโs explore the different ways to measure dispersion.ย ย
Read more ยปWhat Is the Runs Test and How Can It Help You Improve Your Process?
Updated:Randomness and independence are two required characteristics for understanding and analyzing process variation. The Runs Test allows you to check for the randomness of a set of sequentially collected data.ย
Read more ยปUnderstanding the Tollgate Review Process
Updated:The word gating is often used in the context of Six Sigma and DMAIC and is usually referred to as tollgate reviews. The purpose is to evaluate your progress, and make sure youโre still heading in the right direction.ย
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