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Six Sigma

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How to Create a Multi-Vari Chart for Six Sigma

A useful tool in Six Sigma initiatives is the Multi-Vari Chart and sampling plan. These can greatly help your project. Here’s the step-by-step procedure for pulling intermittent data from a running process [more…]

How to Construct and Interpret a Multi Vari Chart for Six Sigma

You don’t have to wait until your multi-vari data are collected to start creating the multi-vari chart for Six Sigma. Instead, you can build the chart, incrementally, adding more to it as you collect more [more…]

How to Use Control Charts for Six Sigma

The primary Statistical Process Control (SPC) tool for Six Sigma initiatives is the control chart — a graphical tracking of a process input or an output over time. In the control chart, these tracked measurements [more…]

How to Decipher Your Sigma (Z) Score for Six Sigma

From a quality perspective, Six Sigma is defined as 3.4 defects per million opportunities. This figure is called a Six Sigma level of quality. Sigma scores are thrown about so much that you definitely [more…]

Why Money Matters to Business Efficiency

Money matters as much as time to your business or organization's efficiency. So many people (and organizations) sign up for recurring services and then forget about them — never noticing the small credit [more…]

Measure Business Efficiency Where You Are Now

You can’t improve efficiency in your business or organization if you don’t know where you stand currently. Without a starting point, you have no official idea whether the changes you implement in hopes [more…]

How to Identify Inefficiencies in Your Business

A great starting place for identifying inefficiencies in your business is to take baseline measurements across your organization, which you can then use like a road map to your inefficiencies. Working [more…]

Consider the Impact of Potential Business Efficiency Solutions

It’s easy to assume you know which solution to use to address a given inefficiency problem in your business or organization, but you know what they say about assuming. A responsible efficiency-enhancing [more…]

How to Set Clear Business Efficiency Goals

The first step in addressing business efficiency is to get an idea of the issues you want to address, and then you have to state what sort of improvement you’re seeking. [more…]

How to Execute A New Business Efficiency Plan

You need to follow the steps of any business efficiency plan in order to implement change, but you also need to compose a comprehensive execution plan, before you go about implementing changes. Execution [more…]

Why Bother Measuring Your Business Efficiency?

The importance of measuring your business efficiency in ways beyond mere dollars in and dollars out cannot be overstated. In fact, Harvard Business School’s Robert Kaplan and David Norton developed the [more…]

Business Efficiency: Measure Dollars In and Dollars Out

Increasing income while decreasing expenses is what people usually think of when they hear “business efficiency,” although it’s never quite that simple. When you’re measuring financial milestones, always [more…]

Business Efficiency: Measure Sentiment in the Workplace

Sentiment analysis is one of the trickiest metrics to measure, but it has far-reaching implications for business efficiency. If your customers aren’t happy, that’s usually a sign of room for improvement [more…]

Business Efficiency: Measure Speed

Time is an often overlooked resource in business efficiency, but in many ways, it’s the most valuable one. Even if you had the money to pay every employee to work 100 hours a week, you won’t generally [more…]

Business Efficiency: Do A Competitive Analysis

Measuring how you stack up against the competition and within the marketplace can unearth potential inefficiencies in every aspect of your business. For example, if your competitors are able to sell the [more…]

Business Efficiency: Measurement System Analysis

Measuring the wrong data when you are looking at business efficiency defeats the whole point. Measurement System Analysis (MSA) keeps your measurements honest, accurate, and expected. [more…]

How to Store Business Data

When you plan a business efficiency project, you need to know what you’d like to measure and how you’d like to go about measuring it — but where does all that data go, exactly? Depending on your business [more…]

Should I Archive Business Data?

Any good business efficiency project plan will involve measuring and storing data. Do you need to invest in archiving data? Although it’s certainly possible to convert just about any existing files, whether [more…]

How to Use Lean for Business Efficiency

A Lean business is one that maintains an unrelenting focus on providing customer value and an unwavering disdain for waste. Just what is waste — known, in Lean parlance, as [more…]

Use Total Quality Management for Business Efficiency

One part of measuring and implementing any business efficiency plan is quality. Total Quality Management, or TQM, shines the spotlight on quality. In a TQM organization, every product, marketing piece, [more…]

The Easy Way to Increase Productivity and Cut Costs

Methodologies for business efficiency such as Lean and Balanced Scorecard can create real, lasting efficiency improvements in your organization, and you should try one [more…]

Business Efficiency: The Six Sigma Formula

Originally codified at Motorola in the 1980s, Six Sigma is a business efficiency process that relies on quantified performance measurements and a strong managerial team and buy-in. The term [more…]

Business Efficiency: Agile Project Management Overview

Agile is now an effective approach you can adopt for business efficiency projects in most any industry. Originally Agile was developed to address the pitfalls of traditional project management when applied [more…]

Business Efficiency: Three Quick Tips for Time Management

Time is often your most precious resource, because lost time can never be restored and the amount of time any given person is available — no matter how much caffeine she may consume — is quite finite. [more…]

Get Human Resources Involved in Business Efficiency

Functional departments like human resources are often left out of efficiency-enhancing discussions and brainstorming in business, because they seem like a static resource as opposed to an internal team [more…]

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