6Sigma Tools: Pareto Analysis
The Pareto principle, most commonly known as the 80-20 rule, is known by business owners as the simple fact that 80% of your problems are caused by 20% of the people. Really the theory was about wealth and power distribution, but the general premise applies. Most of your issues can be attributed to a fairly small distribution […]
Basic Metrics Help Make Your Process Better, Faster, and Cheaper
Six Sigma is often thought of as a statistic heavy method and to some degree that is true. But the truth about statistics is if you don’t understand what they are trying to tell you, then they are just numbers on a page. The good news is that the purpose of Six Sigma metrics generally […]
Six Sigma Tools: Cost of Poor Quality
One of the best things about Six Sigma is that it presents a concrete way to translate the value of improvements to your staff and leadership. A great tool to highlight the value of Six Sigma is Cost of Poor Quality (COPQ). What is the Cost of Poor Quality? COPD identifies the amount of lost […]
Future State Vision
Six Sigma has gotten a sometimes well deserved rap for being overly-complicated, but this is a tool that is the antithesis of that reputation. It does involve metrics but the bulk of the focus is on strategic planning. Strategic planning means many things to organizations, but within the lens of a 6Sigma strategy it should […]
Using the Pareto Chart
You hear about this rule all the time from management, human resources and just about any business guru you can think of, so what exactly is it and how do you use it? The Pareto Chart, based on the Pareto Rule (commonly called the 80/20 rule), is an economic distribution principle named after Italian engineer […]
