Big data is all around us, and as more and more is being said on the subject, it seems like some people are significantly behind the times with regards to their adoption of this technology. Which is a shame, because incorporating big data is easily one of the best things that can be done to […]
Big Data and Six Sigma: Making the Connection
As the influence of big data is becoming more and more obvious in all sorts of industries around us, we’re also starting to explore its connection to other fields. Six Sigma is an obvious candidate for this, being a methodology based mainly on optimization and the reduction of unnecessary work, while also ensuring that the […]
[VIDEO] Building Strength With Key Performance Indicators
![[VIDEO] Building Strength With Key Performance Indicators](https://www.shmula.com/wp-content/uploads/2018/08/kpi-performance-business--150x150.jpg)
Key Performance Indicators (KPIs) can shape strategy and fact-based decision making inside businesses, only if those inside the organization act on them. It doesn’t matter how brilliantly you’ve aligned your KPIs to your strategy, or even how brilliantly you have captured and presented the relevant KPIs, if they aren’t used as they were intended. If […]
Optimizing Inventory in a Manufacturing Plant: 5 Methods
Senior executives of manufacturing organizations all know and understand the importance of managing inventory. What is surprising is how many managers are unable to get inventory optimization right. This can be attributed to the fact that many decision makers tend to rely on a range of external benchmarks which rarely give accurate insights. As a […]
Implementing Standardized Work in a Manufacturing Company
When it comes to implementing standardized work in a manufacturing company, the benefits of using this method are quite clear. It creates a sense of consistency both in the manufacturing process as well as creating the same end result time and time again. A manufacturing company can certainly make full use of the standardized work […]
How Swim Lane Diagrams Communicate Complex Principles
Using swim lane diagrams to communicate complex principles can make your life a lot easier when you fully understand the way they are able to project information. This is due to their design and practicality, things are laid out in a clear and concise manner. Don’t be fooled into thinking this is a shortcut, but […]
Six Sigma Best Practices in Shared Services Organizations
Working in a company that provides shared services can make it challenging to ensure that everyone has fair and sufficient access to the services in question. Things can become particularly difficult when those services are critical to everyone’s success, and when you want to make sure that the job flows smoothly and without any interruptions, […]
5 Important Considerations for Implementing Six Sigma Within Supply Chain Management
Not everyone understands what Six Sigma really is. Essentially it is a project that is data driven and designed to improve any processes within your supply chain management by simply identifying and removing areas that result in errors, defects, or otherwise cause variability. Most of the time you will have such a project led by […]
What Is an Effective Approach for Using the RACI Model?
The RACI model (Responsible, Accountable, Consulted, Informed) can be very useful in defining how responsibilities should flow through an organization, and ensuring that everyone is in the right place with regards to their tasks and interaction with other employees. There are various things that are important to keep in mind when applying the RACI […]
Project Charter: Understanding the Main Elements
A project charter is an integral part of setting up and starting a major new project in any serious organization, and you will need to familiarize yourself with the basic concepts behind it if you want to be an able and well-informed leader. A project charter can basically be described as a combination between a contract […]
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