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Archive for September, 2016

Lean Six Sigma

Business Planning

September 27, 2016

Ho hum – it’s time for Strategic Planning. We already know what the CEOs goals are, now is the time to build the strategies to accomplish those goals. How about we just do what we did last year? Business goals should not change quickly so that may be a reasonable question. Certainly if you have […]

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Lean Six Sigma

Quality

September 19, 2016

“QUALITY IS FREE – The Art of Making Quality Certain” Philip B. Crosby wrote the book with this title and published it in 1979 (NAL Penguin). And still, companies don’t get it. Lean Six Sigma is all about quality. In fact, it is possible to build in quality, speed the delivery of products, and decrease […]

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Lean Six Sigma

Confidence Interval Overview

September 12, 2016

The Confidence Interval might not be what you think it is. It is NOT the probability that the true population parameter is within the calculated sample Confidence Interval. Let’s start at the beginning. The area of statistics that this applies in is called Statistical Inference. This is the case where it is too onerous to […]

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Lean Six Sigma

Rolled Throughput Yield (RTY)

September 6, 2016

This is one of the most important metrics in Business.   Rolled Throughput Yield is the percentage of a product or service delivered through a system or manufacturing line from start to finish without error or defect. This contrasts with First Time Yield (FTY), which is a measure of the ability of a process to […]

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Productivity

Productivity

September 1, 2016

Productivity – Where have you gone? Shame on you Americans for going backwards in productivity. We are experiencing the longest regression in productivity since the late 1970s.  The hours that Americans are working are increasing faster than products and services delivered. The fixes, increase the volume of output or decrease the number of workers producing […]

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