Hidden Factory The Hidden Factory refers to the activities or activities that reduce the quality or efficiency of a manufacturing process or business process. It is not known by managers or other people who are trying to improve the process. In Lean Six...
The Six Sigma Green Belt is a certificate that professionals in Project Management prepare to implement the Lean Six Sigma methodology, with the purpose that companies optimize their processes: use of resources and reduce the variability of processes to eliminate...
In statistics, a full factorial experiment is an experiment whose design consists of two or more factors, each with discrete possible values or “levels”, and whose experimental units take on all possible combinations of these...
Fitted values can also be known as fits. The fitted values represent point estimates of the average response for given predictor values. The values of predictors are also known as x-values. Keep on reading to learn about fit regression line and more. What is...
Failure mode represents the specific way in which a system, component, or process ceases to perform its intended function. Understanding these failure patterns enables organizations to implement proactive maintenance strategies, improve reliability, and prevent costly...