Pareto Principle (80/20 rule) is a powerful concept in many fields. From business management to productivity, it has a huge impact. It suggests that 80% of the results are a result of 20% of the efforts. The Pareto Principle is named for the Italian economist Vilfredo...
Heijunka is one of thirteen pillars in the Toyota Production System. It was created to reduce unevenness and save costs. This is a Japanese word for “levelling” or “production smoothing”. It allows companies to optimize their inventory system...
Mura is a term used in the Toyota Production System to describe unevenness in production. TPS identifies it as one of three waste types, along with muda (waste), and muri (overburden). Three types of wasteful activities, muda, mura, and muri, negatively affect...
Process intelligence is a combination of task analysis and intuitive thinking. Combining process mining and business concepts can deliver insights about end-to-end systems. Process Intelligence (PI) provides suggestions for automation as well as clear ideas for...
Business Process Management (BPM) refers to the systematic approach to improving an organization’s workflows and operational processes. It aims to make these processes more efficient, effective, and adaptable, so that they consistently produce desired outcomes. BPM is...
Table of contentsLadder Leading to the PrizeThe Shock before the PrizeIf you fail, try again.The new monkey is introduced.Why don’t the monkeys climb the ladder?Are we the one of the 10 hungry monkeys?ConclusionAbout Six Sigma Development Solutions, Inc.Related...