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Statistical hypothesis test

Hypothesis testing definition A statistical hypothesis test is a method of statistical inference used to decide whether the data at hand sufficiently support a particular hypothesis. Statistical hypothesis test: The testing process In statistical literature,...

TAKT Time

TAKT Time Definition Takt time, or simply Takt, is a manufacturing term to describe the required product assembly duration that is needed to match the demand. Often confused with cycle time, takt time is a tool used to design work and it measures the average time...

LEAN

LEAN Definition LEAN is a production method aimed primarily at reducing times within the production system as well as response times from suppliers and to customers. It is derived from Toyota’s 1930 operating model “The Toyota Way” (Toyota Production...

Six Sigma

Six Sigma Definition: Six Sigma is a set of techniques and tools for process improvement. It was introduced by American engineer Bill Smith while working at Motorola in 1986. A Six Sigma process is one in which 99.99966% of all opportunities to produce some features...

8D Meaning

8D Meaning (or Eight disciplines problem solving) is a method developed at Ford Motor Company used to approach and resolve problems, typically employed by quality engineers or other professionals. Focused on product and process improvement, its purpose is to identify,...