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Process Monitor in Manufacturing

Process Monitor is a powerful concept in the world of automatic control and industrial systems. In simple words, it refers to the systematic act of watching a process to make sure it runs correctly and stays within safe limits. Process Monitor helps you know exactly...

Weighted Decision Matrix (WDM)

A Weighted Decision Matrix (WDM) is a systematic, quantitative approach to evaluating and comparing multiple options based on various criteria. Unlike simple comparison methods where you might just list pros and cons, a weighted decision matrix assigns numerical...

Moment Statistics

Moment statistics refers to the use of moments to describe the shape and key features of a probability distribution. In the field of statistics, a moment is essentially a specific quantitative measure of the shape of a set of points. These measures help to summarize...

Production Flexibility

Production flexibility is not just about having nice machines. It is a strategic capability that determines if your business thrives or struggles when faced with the unexpected. If you want to outperform your competitors, serve your customers better, and minimize...

Lean Metrics

You want to sharpen your business’s performance, right? Of course you do! To do that, you must look at your Lean Metrics. These essential tools are how you measure success when you use a Lean approach. Lean thinking is all about cutting out waste and making your...