Standard work – also often referred to as standardized work – is a Lean methodology concept. It involves finding the best current method of completing a process, and making that method the standard. An important point to keep in mind is that standard work is not static. You won’t develop standard work processes and then (more…)
Push-pull is also known as lean inventory strategy. It demands a more accurate forecast of sales and adjusts inventory levels based upon actual sale of goods
Gap Analysis in assessment tool used to compare an organization’s current performance to desired or potential performance.
One and Two Sample T tests are used to resolve hypothesis tests around comparing process means. The underlying chart makes use of the T distribution.
The one and two sample proportion hypothesis tests involving one factor with one and two samples, these tests may assumes a Binomial Distribution.