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Statistical Process Control (SPC) Charts

Table of contentsStatistical Process Control (SPC) ChartsKey elements of SPC chartsCommon types of SPC chartsApplies of SPC ChartsRelated Articles Estimated reading time: 4 minutes Statistical Process Control (SPC) Charts Statistical Process Control (SPC) chart types...

Value Added Analysis

Table of contentsValue Added AnalysisHistoryApplicationBenefits of Value-Added AnalysisRelated Articles Estimated reading time: 3 minutes Value Added Analysis Value Added Analysis (VAA) is a method used in economics and business to measure the contribution of a...

Profitability Index

Table of contentsWhat Is Profitability Index?The formula for calculating the Profitability Index is:Where can I use it?Related Articles Estimated reading time: 3 minutes What Is Profitability Index? The Profitability Index or PI in bussiness, also known as the Profit...

Wilcoxon Rank-Sum

Table of contentsWhat is the Wilcoxon Rank-Sum Test?Example of Wilcoxon Rank-SumRelated Articles Estimated reading time: 3 minutes What is the Wilcoxon Rank-Sum Test? The Wilcoxon rank-sum test, also known as the Mann-Whitney U test, is a non-parametric statistical...

Total Preventive Maintenance (TPM)

Table of contentsWhat is Total Preventive Maintenance?Total Preventive Maintenance 5 PillarsAutonomous MaintenancePlanned MaintenanceFocused ImprovementTraining and Skill DevelopmentEarly Equipment ManagementTotal Preventive Maintenance 8 PillarsAutonomous Maintenance...