Rolled Throughput Yield, often called RTY, is a crucial metric in manufacturing and business processes that helps measure the overall quality and efficiency of multi-step operations. This measurement shines a light on how well a process performs by showing the...
Complacency describes a state of self-satisfaction accompanied by unawareness of potential dangers or deficiencies. In simpler terms, it’s feeling too comfortable with how things are, leading to decreased vigilance and effort. The definition of complacency...
The SCAMPER definition describes a creative thinking technique that uses seven specific prompts to generate new ideas by examining existing products, services, or processes from different angles. Developed by Bob Eberle in 1971, this method builds on Alex...
A quality policy serves as the backbone of an organization’s commitment to delivering consistent, high-quality products or services. It’s more than a document; it’s a promise to customers, a guide for employees, and a roadmap for achieving operational success. In this...
Throughput time is the total time it takes for a product, service, or process unit (known as a flow unit) to move through an entire system, from the moment it enters until it exits as a finished output. It includes all stages: processing time, waiting time in queues,...