Archive | April, 2012

Statistical Process Control

Statistical Process Control (SPC) uses statistics & control charts to tell when to adjust process. Developed by Shewhart in 1920’s. It involves : creating standards (upper & lower limits), measuring sample output (e.g. mean wgt.), and taking corrective action (if necessary). SPC done while product is being produced. SPC Chart is a chart with time […]

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Lean Quote: Teach Problem Solving As They Occur

On Fridays I will post a Lean related Quote. Throughout our lifetimes many people touch our lives and leave us with words of wisdom. These can both be a source of new learning and also a point to pause and reflect upon lessons we have learned. Within Lean active learning is an important aspect on […]

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Lean Quote: Defining the Problem

On Fridays I will post a Lean related Quote. Throughout our lifetimes many people touch our lives and leave us with words of wisdom. These can both be a source of new learning and also a point to pause and reflect upon lessons we have learned. Within Lean active learning is an important aspect on […]

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We’re Fools For Being Number One

Just in time for April Fools, on April 1, the United States became the country with the highest corporate tax rate in the world. This was triggered by Japan reducing their rate. As cited by The Daily Caller, “Our top corporate tax rate has hovered at 35 percent for years. Meanwhile, other countries have gotten […]

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Definition of Demand Forecasting

Forecasting is the process to predict how the future needs, which include the requirement in the size of the quantity, quality, time and location that is required in order to meet the demand for goods or services. Demand Forecasting is the demand for products that are expected to be realized for a certain period in […]

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