Continuous improvement (or Kaizen) is a way to identify opportunities for streamlining work and reducing waste. This practice was made popular by Lean/Agile/ Kaizen, which is used worldwide to find savings opportunities. Combining many of these ideas can yield great...
Corrective action (also known as a Corrective Action Plan (CAP)) is the process of taking corrective steps to identify the root causes of a problem, and then implementing a solution to fix the root cause so that it does not recur. It is designed to improve processes...
Let’s begin by discussing what hypothesis testing is. This will be the foundation for our discussion on consumer risk. First, you need to make a statement about population parameters. This is the null hypothesis. It is denoted...
Most of your process data is not possible to collect. You will therefore take samples. If you used the same sample sampling technique, the confidence level is the percentage of time that repeated instances would be expected to approximate the first sample. A...
A check sheet is a basic tool that once belonged to the seven tools of six sigma. Software that can record large amounts of data and present it in the format required has made it obsolete. The check sheet was created to be extremely simple. There are two...