#Pareto analysis

[imrovementcompany]

Analyze Phase of DMAIC in Lean Six Sigma

Introduction In continuous improvement, the Lean Six Sigma methodology is a proven approach for reducing waste, increasing efficiency, and driving business success. At the heart of Lean Six Sigma lies the DMAIC framework, a structured process for solving complex problems. DMAIC stands for Define, Measure, Analyze, Improve, and Control. In this blog post, we will focus on the Analyze phase, where…

[writ-large]

an inconvenient curmudgeon

WHEN YOU’RE SICK OF JORDAN PETERSON BUT HE KEEPS TALKING IN YOUR HEAD

-- Yes, IQ is a bell curve; almost half of everybody really are more or less headblind. (IQ Distribution Studies)

-- Yes, men run in packs, yes, they stupidly follow heedless braggarts. (Male Hierarchies)

-- Yes, 20% succeed while 80% mill around in mediocrity. (The Pareto Principle)

-- Yes, Disagreeability is a genetically linked trait that won’t just go away. This is a euphemism for pig-headedness, arrogance, blind aggression and vindictiveness. (Five-Factor Analysis)

WE’RE AT THE TOP OF THE FOOD CHAIN BECAUSE WE”RE THE TOP PREDATOR. WE WISE UP OURSELVES OR WE BLUNDER ON IN DENIAL.

[sgrji]

What are 7 QC Tools? 7 QC Tools: The Foundation of Quality Management

In the realm of quality management, the 7 Quality Control (QC) tools, also known as the 7 Basic Tools of Quality, serve as the bedrock for analyzing and improving processes. These powerful tools, developed by Dr. Kaoru Ishikawa, are indispensable for identifying issues, making informed decisions, and enhancing overall quality. This article delves into the details of the 7 QC tools, their…

[techhdesignn]

How Pareto Principle Solves Your Problems in Excel https://youtu.be/PNx3qKTSvIA

[engineeringwork]

Maximizing Efficiency with Pareto Analysis

Source: https://rambox.app/wp-content/uploads/2023/10/The-power-of-Pareto-analysis.png

In the fast-paced world of business and problem-solving, prioritizing actions can make the difference between success and failure. Enter Pareto Analysis, a powerful tool rooted in the 80/20 rule, which helps identify the most significant factors affecting outcomes. This principle, named after the Italian economist Vilfredo Pareto, asserts that 80% of effects often come from 20% of causes. Here’s why and how Pareto Analysis can transform your approach to tackling challenges.

The Power of the 80/20 Rule

The 80/20 rule is both simple and profound. It suggests that a small number of causes (20%) are responsible for the majority of effects (80%). In business, this might mean that 80% of your revenue comes from 20% of your customers, or 80% of your problems stem from 20% of the underlying causes. Recognizing this disproportionate distribution allows you to focus your efforts on the areas that will yield the most significant improvements.

Implementing Pareto Analysis

Identify Key Issues: Begin by listing all the problems or causes related to the situation at hand. This could be defects in a product, customer complaints, or sources of inefficiency.

Quantify the Impact: Measure the frequency or severity of each issue. This data-driven approach ensures your analysis is based on facts, not assumptions.

Rank and Prioritize: Arrange the issues from most significant to least significant. This ranking helps in visualizing which problems are the most critical.

Create a Pareto Chart: Construct a bar graph with causes on the x-axis and their impact on the y-axis. Add a cumulative percentage line to see how quickly the issues add up to 80% of the problem.

Benefits of Pareto Analysis

Focus on What Matters: By zeroing in on the most impactful issues, you can allocate resources more effectively and achieve quicker results.

Data-Driven Decisions: Pareto Analysis removes guesswork, allowing decisions to be based on solid data.

Improved Efficiency: Addressing the key causes first leads to significant improvements with less effort.

Real-World Example

Consider a software company facing numerous customer complaints. A Pareto Analysis might reveal that 80% of complaints come from 20% of the software bugs. By prioritizing fixes for these critical bugs, the company can significantly enhance user satisfaction and reduce the volume of complaints.

Conclusion

Pareto Analysis is a game-changer for anyone looking to optimize processes and solve problems efficiently. By focusing on the vital few causes that have the greatest impact, you can make meaningful progress without being overwhelmed by the many lesser issues. Embrace the 80/20 rule and watch your efficiency and effectiveness soar.

Maximize your impact with Pareto Analysis, and turn your biggest challenges into your most significant victories.

📊✨ #ParetoAnalysis #8020Rule #Efficiency #ProblemSolving #DataDriven #BusinessStrategy #Optimize

[strandedandlonesone]

My take on Reddit vs Twitter vs Tumblr vs Threads

Too many opinions out there, too many emotions, too many businesses, too much money involved, a lot of everything.

So, to sum it up, this is my take on the current situation of these 4 social media apps/websites.

First of all: The following text should be read considering the Pareto Principle (the 80 / 20 rule) by Joseph M. Juran, for every time I generalize when expressing myself.

The Pareto principle states that for many outcomes, roughly 80% of consequences come from 20% of causes (the "vital few"). Later during his career, Juran preferred to describe this as "the vital few and the useful many" to highlight that the contribution of the remaining 80% should not be discarded entirely.

By this I mean that whenever I talk about something, I won't be referring to 100% of the time/cases/situations/users/devices/countries/timezones/income/economy/etc, but most of them. There are always exceptions, variations, differences, mutations, etc. We all know it. Those ends up being an 80% 20% to the thing in question. One of those mutations is more predominant than the other 20% in the spectrum.

Neurotypicals make up most of the population, so their impulsiveness, lack of thorough analysis and their increased tendency to seek human contact to avoid loneliness, ends up unintentionally, unconsciously directing the trends on each space or platform where they participate.

So, now, let's be honest:

Reddit and Tumblr are niche platforms.

Twitter and Threads are full of normies.

Reddit issue with third party apps is just for the 20% of the users. Most people use web or the default app. Also it's a niche group of users, you won't find celebrities and stuff like on Instagram. It also allows porn, so another niche group.

Tumblr is also niche, most content is memes hard to grasp if you are not that involved in the community and the rest is art. Not a very friendly space for Instagram normies.

Twitter is the place where people can be their "other self" like here on Tumblr or Reddit, and also populated by neurotypicals, celebrities and allows porn too.

Threads will be the SFW version of Twitter, mostly because profiles are linked to Instagram (the nowadays version of your "social ID"), forcing people to behave differently than they do on Twitter.

The success of Threads is inevitable and the main reason is that the integration with Instagram followers, allowing users to follow and be followed back by the same contacts they already have on instagram, resolves one of the big issues every new or old platform has when a person is willing to switch: "None of my contacts have it... so... what's the point?"

That's what the majority of people think when switching or start using a new app.

Reddit will survive because there is no platform similar to it and which such a big and varied library of content already there. And porn. (niche + porn + format)

Twitter will survive (unless the company groes broke) because of numbers, anonymity and porn. And a lot of companies promote their products and services (neurotypicals + celebrities + porn + anonymity + business)

Tumblr will survive because it never actually changed besides removing porn. And it's a hard for neurotypical newcomers to integrate so it won't change much in population. (niche + format + hard to integrate)

Threads will be the secondary Instagram for people who want to share something else besides photo and video. Also a big platform for companies and businesses to promote their products and services. (neurotypicals + celebrities + SFW + business)

Excuse any mistake or grammatical errors, I'm a native Spanish speaker, English is my second language. Tried my best.

[jkottke]

A Pareto analysis of the best driver/kart build you can drive in Mario Kart 8. “The Pareto efficiency is an objective criteria to filter out suboptimal choices, but you still need to make up your final decision.”

[and-then-there-were-n0ne]

Power laws, whereby a small number of people tend to be responsible for a huge proportion of any phenomenon, can be found in all human activity, whether it be income, book sales by authors, or number of sexual partners; the most well-known, the Pareto principle, or the 80/20 rule, originally comes from Italian land ownership.

Lawbreaking, too, observes a power law, so that a huge proportion of crime is committed by a very small number of offenders who have an outsized impact on society.

Inquisitive Bird wrote that power laws are ‘observed for arrests, convictions and even self-reported delinquent behavior’. He cited British data which shows that ‘70% of custodial sentences are imposed on those with at least seven previous convictions or cautions, and 50% are imposed on those with at least 15 previous convictions or cautions (Cuthbertson, 2017).

‘But perhaps the most illustrative study is by Falk et al. (2014), who used Swedish nationwide data of all 2.4 million individuals born in 1958–1980 and looked at the distribution of violent crime convictions. In short, they found that 1% of people were accountable for 63% of all violent crime convictions, and 0.12% of people accounted for 20% of violent crime convictions.’

Therefore in Sweden, some ‘70–80% of violent crimes are recidivism after an earlier conviction for a violent crime’, and ‘approximately half of violent crime convictions were committed by people who already had 3 or more violent crime convictions. In other words, if after being convicted of 3 violent crimes people were prevented from further offending, half of violent crime convictions would have been avoided.’

The author notes that, although ‘America has a reputation of a very harsh penal system that is very quick to lock anyone up’, this is not true. In fact one study found that ‘72.8% of federal offenders sentenced had been convicted of a prior offense. The average number of previous convictions was 6.1 among offenders with criminal history.’

Contrary to what received opinion in Britain believes, America is not a particularly punitive country; in fact criminals are often allowed to repeatedly offend until the inevitable tragedy happens.

The post cites analysis by the National Institute for Criminal Justice Reform which finds that ‘Overall, most victims and suspects with prior criminal offenses had been arrested about 11 times for about 13 different offenses by the time of the homicide. This count only refers to adult arrests and juvenile arrests were not included.’

In Washington DC, about 60–70% of all gun violence is carried out by just 500 individuals, and the same Pareto principle applies to shoplifting, the bane of big liberal cities like San Francisco or Vancouver, where 40 offenders were arrested 6,000 times in a year.

According to the New York Times, ‘Nearly a third of all shoplifting arrests in New York City last year involved just 327 people, the police said. Collectively, they were arrested and rearrested more than 6,000 times.’ That third is therefore committed by less than 0.004% of New York’s population.

The same is true of Britain. According to the Daily Telegraph, ‘Prolific thieves are being caught and convicted of stealing up to 50 times before they are jailed by the courts.

‘Violent offenders are escaping jail until they have been convicted of up to 25 common assaults, while some are accruing as many as seven or eight repeat convictions for carrying a knife before they are given a prison sentence. Other criminals are collecting more than 20 drug convictions before being jailed.’

The paper reported that one-tenth of offenders in England and Wales commit half of all crimes, and that ‘10,400 “super-prolific” offenders who had been convicted of more than 50 previous offences each were spared jail over the past three years’. Between 2019 and 2021, 100,000 offenders with more than 16 previous convictions avoided prison.

They also found that for theft, prolific offenders had to rack up 49 previous convictions or cautions before they were jailed, ‘For robbery – theft with force or the threat of violence – it was nine previous such offences’, and for common assault 25 such attacks.

In 2020, one burglar was only jailed after 20 convictions; one knife offender was caught seven times with weapons before going down, and another eight times. ‘Even for sexual assault, the worst offender had been convicted of five previous attacks before being jailed in 2020, and three in 2021.’ How can someone commit five sexual assaults and still not be jailed?

Yet people convicted of multiple crimes will almost certainly have committed many, many more. One study ‘followed 411 South London men from age 8–9 in the early 1960s through their lives’ and found they admitted to ‘committing many hundreds of times more crimes than they were ever caught for.’ On top of this, most burglars also routinely shoplift, and the fact that people who self-report greater numbers of crimes tend to get caught and convicted later in life ‘implies that self reports have some level of validity’.

Unsurprisingly, British criminals released after short sentences of less than 12 months are more likely than not to reoffend within a year, while only 5% of those who endure stretches of 10 years or more do so.

All of this has huge implications for crime policy and suggests that merely relying on higher clear-up rates, and the stronger possibility of detection, are not enough in themselves. [...]

What matters is that persistent wrongdoers are kept away from society.

A friend based in Singapore has on occasion sent pictures of his bike, in a rack on a main road where he leaves it overnight, unlocked. The fact that he does so, and expects to see it in the morning, is almost mind-blowing to me. [...]

But such levels of civilisation are simply impossible when a small minority of criminals are allowed to mingle freely in society. Urban honesty boxes are impossible not because British society is inherently wicked but because a relatively tiny number of people would clear them out. Imprisoning several thousand more persistent wrongdoers, for long stretches, would bring Britain’s crime rates down to similar levels enjoyed in Singapore, where shops can stay open into the small hours without security, and women can walk home late at night listening to music on their earphones.

Until policymakers accept that prolific criminals have to be incapacitated, the rest of us are condemned to a quality of life well below what we should expect.

[chicago-geniza]

Well Agnes there is a very very long answer that involves a lot of discourse analysis & historicism but the tl;dr is Mosca, Pareto, Michels, & the Italian school of elitism --> laundered into American English sociopolitical vernacular in the 50s and 60s, I'd cite C. Wright Mills' The Power Elite (1956) and G. William Domhoff's Who Rules America (1967) off the dome if we're talking trade paperbacks with popular readership, also part of why Elite Capture made me insane and I couldn't get past the intro, it didn't adequately account for the intellectual origins of ~elite theory or interrogate how "elites" often doubles as a dogwhistle

Per your question re: terminology on a purely semantic level I'd say it's because "ruler" implies sovereignty and "elite" implies a kind of soft power, plus applies to non-gov't subjects (plus the shadowy vizier vibe goes hand in hand with aforementioned dogwhistles and the conspiratorial logics they signal)

Why am I talking to Agnes's mastodon posts at 10.30 pm. Analytic philosophers please learn one (1) thing about sociology and the history of Discourses I guess lol

[4cplconsultancy2005]

7 QUALITY CONTROL TOOLS FOR PROCESS IMPROVEMENT

“As much as 95 per cent of all quality-related problems in the factory can be solved with seven fundamental quantitative tools.”

-Kaoru Ishikawa, The inventor of Fishbone Diagram

In today’s customer-centric market, quality is an integral factor in the growth and sustainability of any business. Businesses go the extra mile to provide the best and excellent customer experience to ensure customer satisfaction. Hence, efficient quality management which has the highest impact on customer experience is one of the most essential features for any business.

Introduced by Kaoru Ishikawa, the seven basic tools of quality also known as 7QC tools are very effective in quality management and quality assurance process. So, businesses who want to ensure competitive and excellent quality of their products and services can utilize the proven 7QC tools for structuring a strategic plan for quality improvement.

LIST OF 7 QC TOOLS

Cause and Effect Diagram

Cause and Effect Diagram also known as Fishbone Diagram helps in identifying the potential causes of an effect or a problem. In addition to sorting ideas in respective categories, it also helps in understanding the areas of opportunity through effective brainstorming. Fishbone training empowers you to identify the potential cause in the problem.

Control Chart

Control charts are used to study how the processes have changed over a period of time. Further, by comparing current data to historical control limits, one could lead to the conclusion about whether the process variation is consistent as in under control or unpredictable as in out of the control due to being affected by special causes of variation.

Pareto Chart

Pareto Chart is based on the 80/20 rule where it shows the significant factors that have the highest impact on the identified problem.

Check Sheet

Check sheet is a structured process which helps to collect and analyzing data. It is an effective tool that can be for a variety of purposes.

Histogram

Histogram is commonly used a graph that shows the data and its frequency of distribution to help users identify each different value in a set of data occurs.

Scatter Diagram

Scatter diagram shows the relationship between two important factors i.e. pairs of numerical data, one variable on each axis to demonstrate the relationship.

Stratification

Stratification also known as a flow chart or run chart is a technique that separates the data gathered from a variety of sources so that patterns can be seen i.e., the path an entity has taken through a defined process.

Utilizing the 7 QC tools in six sigma or quality management process helps in taking a systematic approach to identify and understand the risk, assess the risk, control fluctuation of product quality and accordingly provide solutions to avoid future defects.

WHEN SHOULD YOU USE 7 QC TOOLS?

7 QC tools can be carried out during the quality management, quality improvement process, six sigma implementation processes or even the regular PDCA cycle for the quality purpose for enhanced quality management.

In the first phase of measuring and identifying, Fishbone Diagram also known as cause and effect diagram, Pareto Chart and Control Chart can be utilized. In the next phases of assessment and analysis, Scatter Diagram, Histogram and Checklist can be carried out. The Control Chart can be utilized consistent quality improvement.

BENEFITS OF 7 QC TOOLS

The 7 QC tools are structured and fundamental instruments that help businesses improve their management and production process for achieving enhanced product quality.

From assessing and examining the production process, identification of key challenges and problems to controlling the fluctuation present in the product quality and providing solutions for prevention of defects in future, the easy to understand and implement, 7 QC tools are very effective. Some of the major business benefits of 7 QC tools are listed below.

Provides a more structured path for problem-solving and quality improvement

Easy to understand as well as implement yet extremely effective

A scientific and logical approach for problem-solving

Follows the 80/20 rule i.e. gain 80% result with 20% efforts

Improve the quality of product and services

Helps in identifying and analyzing problems during the process

Fishbone training aides in root cause analysis and problem-solving

Encourages team spirit and fosters a healthy culture

Identifies roots cause and solve it permanently

Enhance customer experience and customer satisfaction

Based on the data-driven process and customer-centric approach, 7 QC tools implementation is one of the most effective processes that too in the shortest amount of time.

4C team of certified professionals has provided 80+ implementation of 7 QC Tools and 120+ 7 QC Tools Training. By solving 200+ quality problems, 4C has empowered clients to reduce the 80% cost of poor quality.  To accelerate your quality management process and reduce your cost of poor quality, contact our experts now.

[malodabivictor]

Daftar istilah dan metode dalam Statistika:

1. Data

2. Variabel

3. Rata-rata (Mean)

4. Median

5. Modus

6. Standar Deviasi

7. Distribusi Normal

8. Regresi

9. Korelasi

10. Uji Hipotesis

11. Interval Kepercayaan

12. Chi-Square

13. ANOVA

14. Regresi Linier

15. Metode Maximum Likelihood (ML)

16. Bootstrap

17. Pengambilan Sampel Acak Sederhana

18. Distribusi Poisson

19. Teorema Pusat Batas

20. Pengujian Non-parametrik

21. Analisis Regresi Logistik

22. Statistik Deskriptif

23. Grafik

24. Pengambilan Sampel Berstrata

25. Pengambilan Sampel Klaster

26. Statistik Bayes

27. Statistik Inferensial

28. Statistik Parametrik

29. Statistik Non-Parametrik

30. Pengujian A/B (A/B Testing)

31. Pengujian Satu Arah dan Dua Arah

32. Validitas dan Reliabilitas

33. Peramalan (Forecasting)

34. Analisis Faktor

35. Regresi Logistik Ganda

36. Model Linier General (GLM)

37. Korelasi Kanonikal

38. Uji T

39. Uji Z

40. Uji Wilcoxon

41. Uji Mann-Whitney

42. Uji Kruskal-Wallis

43. Uji Friedman

44. Uji Chi-Square Pearson

45. Uji McNemar

46. Uji Kolmogorov-Smirnov

47. Uji Levene

48. Uji Shapiro-Wilk

49. Uji Durbin-Watson

50. Metode Kuadrat Terkecil (Least Squares Method)

51. Uji F

52. Uji t Berpasangan

53. Uji t Independen

54. Uji Chi-Square Kemerdekaan

55. Analisis Komponen Utama (PCA)

56. Analisis Diskriminan

57. Pengujian Homogenitas Varians

58. Pengujian Normalitas

59. Peta Kendali (Control Chart)

60. Grafik Pareto

61. Sampling Proporsional Terhadap Ukuran (PPS)

62. Pengambilan Sampel Multistage

63. Pengambilan Sampel Sistematis

64. Pengambilan Sampel Stratified Cluster

65. Statistik Spasial

66. Uji K-Sample Anderson-Darling

67. Statistik Bayes Empiris

68. Regresi Nonlinier

69. Regresi Logistik Ordinal

70. Estimasi Kernel

71. Pengujian Kuadrat Terkecil Penilaian Residu (LASSO)

72. Analisis Survival (Survival Analysis)

73. Regresi Cox Proportional Hazards

74. Analisis Multivariat

75. Pengujian Homogenitas

76. Pengujian Heteroskedastisitas

77. Interval Kepercayaan Bootstrap

78. Pengujian Bootstrap

79. Model ARIMA (Autoregressive Integrated Moving Average)

80. Skala Likert

81. Metode Jackknife

82. Statistik Epidemiologi

83. Statistik Genetik

84. Statistik Olahraga

85. Statistik Sosial

86. Statistik Bisnis

87. Statistik Pendidikan

88. Statistik Medis

89. Statistik Lingkungan

90. Statistik Keuangan

91. Statistik Geospasial

92. Statistik Psikologi

93. Statistik Teknik Industri

94. Statistik Pertanian

95. Statistik Perdagangan dan Ekonomi

96. Statistik Hukum

97. Statistik Politik

98. Statistik Media dan Komunikasi

99. Statistik Teknik Sipil

100. Statistik Sumber Daya Manusia

101. Regresi Logistik Binomialis

102. Uji McNemar-Bowker

103. Uji Kolmogorov-Smirnov Lilliefors

104. Uji Jarque-Bera

105. Uji Mann-Kendall

106. Uji Siegel-Tukey

107. Uji Kruskal-Wallis Tingkat Lanjut

108. Statistik Proses

109. Statistik Keandalan (Reliability)

110. Pengujian Bootstrap Berkasus Ganda

111. Pengujian Bootstrap Berkasus Baku

112. Statistik Kualitas

113. Statistik Komputasi

114. Pengujian Bootstrap Kategorikal

115. Statistik Industri

116. Metode Penghalusan (Smoothing Methods)

117. Uji White

118. Uji Breusch-Pagan

119. Uji Jarque-Bera Asimetri dan Kurtosis

120. Statistik Eksperimental

121. Statistik Multivariat Tidak Parametrik

122. Statistik Stokastik

123. Statistik Peramalan Bisnis

124. Statistik Parametrik Bayes

125. Statistik Suku Bunga

126. Statistik Tenaga Kerja

127. Analisis Jalur (Path Analysis)

128. Statistik Fuzzy

129. Statistik Ekonometrika

130. Statistik Inflasi

131. Statistik Kependudukan

132. Statistik Teknik Pertambangan

133. Statistik Kualitatif

134. Statistik Kuantitatif

135. Analisis Ragam Keterkaitan (Canonical Correlation Analysis)

136. Uji Kuadrat Terkecil Parsial (Partial Least Squares Regression)

137. Uji Haar

138. Uji Jarque-Bera Multivariat

139. Pengujian Bootstrap Berkasus Acak

140. Pengujian Bootstrap Berkasus Tak Baku

[imrovementcompany]

Continuous Improvement

The manufacturing sector is highly competitive, and companies must continually improve their processes. In this article, we will discuss a step-by-step approach to continuous improvement in manufacturing. We will focus on collecting data for the process, prioritizing problems, monitoring defects, identifying the root cause of defects, standardizing the fix, and confirming the solution’s…

[yakourinka]

quality function deployment pareto analysis sprint burndown chart nominal grouping technique fishbone diagram SWOT metrics sanity loss sfx

[4cconsulting]

7 core tools of quality - 7 quality control tools pdf - tools of quality control

“As much as 95 per cent of all quality-related problems in the factory can be solved with seven fundamental quantitative tools.”

-Kaoru Ishikawa, The inventor of Fishbone Diagram

In today’s customer-centric market, quality is an integral factor in the growth and sustainability of any business. Businesses go the extra mile to provide the best and excellent customer experience to ensure customer satisfaction. Hence, efficient quality management which has the highest impact on customer experience is one of the most essential features for any business.

Introduced by Kaoru Ishikawa, the seven basic tools of quality also known as 7QC tools are very effective in quality management and quality assurance process. So, businesses who want to ensure competitive and excellent quality of their products and services can utilize the proven 7QC tools for structuring a strategic plan for quality improvement.

LIST OF 7 QC TOOLS

Cause and Effect Diagram

Cause and Effect Diagram also known as Fishbone Diagram helps in identifying the potential causes of an effect or a problem. In addition to sorting ideas in respective categories, it also helps in understanding the areas of opportunity through effective brainstorming. Fishbone training empowers you to identify the potential cause in the problem.

Control Chart

Control charts are used to study how the processes have changed over a period of time. Further, by comparing current data to historical control limits, one could lead to the conclusion about whether the process variation is consistent as in under control or unpredictable as in out of the control due to being affected by special causes of variation.

Pareto Chart

Pareto Chart is based on the 80/20 rule where it shows the significant factors that have the highest impact on the identified problem.

Check Sheet

Check sheet is a structured process which helps to collect and analyzing data. It is an effective tool that can be for a variety of purposes.

Histogram

Histogram is commonly used a graph that shows the data and its frequency of distribution to help users identify each different value in a set of data occurs.

Scatter Diagram

Scatter diagram shows the relationship between two important factors i.e. pairs of numerical data, one variable on each axis to demonstrate the relationship.

Stratification

Stratification also known as a flow chart or run chart is a technique that separates the data gathered from a variety of sources so that patterns can be seen i.e., the path an entity has taken through a defined process.

Utilizing the 7 QC tools in six sigma or quality management process helps in taking a systematic approach to identify and understand the risk, assess the risk, control fluctuation of product quality and accordingly provide solutions to avoid future defects.

BENEFITS OF 7 QC TOOLS

The 7 QC tools are structured and fundamental instruments that help businesses improve their management and production process for achieving enhanced product quality.

From assessing and examining the production process, identification of key challenges and problems to controlling the fluctuation present in the product quality and providing solutions for prevention of defects in future, the easy to understand and implement, 7 QC tools are very effective. Some of the major business benefits of 7 QC tools are listed below.

Provides a more structured path for problem-solving and quality improvement

Easy to understand as well as implement yet extremely effective

A scientific and logical approach for problem-solving

Follows the 80/20 rule i.e. gain 80% result with 20% efforts

Improve the quality of product and services

Helps in identifying and analyzing problems during the process

Fishbone training aides in root cause analysis and problem-solving

Encourages team spirit and fosters a healthy culture

Identifies roots cause and solve it permanently

Enhance customer experience and customer satisfaction

Based on the data-driven process and customer-centric approach, 7 QC tools implementation is one of the most effective processes that too in the shortest amount of time.

4C team of certified professionals has provided 80+ implementation of 7 QC Tools and 120+ 7 QC Tools Training. By solving 200+ quality problems, 4C has empowered clients to reduce the 80% cost of poor quality.  To accelerate your quality management process and reduce your cost of poor quality, contact our experts now.

[valtitude-demand-planning-s-op]

Product Portfolio Management

Impact of Data Volatility on Forecasting

Measuring Volatility

Impact of multiple Extreme Observations on Volatility

SKU Segmentation for demand modeling & inventory strategies

Modeling by exception

ABC analysis - Classification philosophy

Pareto analysis  based on dollar usage

Item criticality

Excess, obsolete and Slow-moving Alignment with the product lifecycle

Discontinuance and end of life (EOL)

Process flow for Segmenting SKUs

Example using a three-dimensional matrix; ABC / Volume / Critical / Status; the excess, obsolete impact of Segmentation on Cycle Counting and Inventory Accuracy.

[valtitude-inventory-optimization]

Product Segmentation and ABC analysis –

SKU Segmentation for inventory strategies ABC analysis – Classification philosophy Pareto analysis of SKU’s based on dollar usage Item Criticality as a factor of Sales Service and Lead time Frequency of Usage Excess, Obsolete and Slowmoving Alignment with the product lifecycle  

Discontinuance and end of life (EOL), as appropriate

Process flow for segmenting SKU's using the above  techniques   - Example using a three-dimensional matrix;     ABC / Volume / Critical / Status: excess, obsolete        Impact of Segmentation on Cycle Counting and Inventory accuracy