Did you know that 50% of all edible food that becomes waste does so during manufacturing, distribution, and retail? That screams improvement opportunities. Here's the good news: there are straightforward steps you can take to eliminate waste during the production process. This will not only boost your bottom line, but it also helps create a more...
In this modern era, some of us are fortunate enough to have a process that allows cheap, instantaneous, non-destructive inspection of 100% of what we make. For everyone else, capability analysis is extremely useful. Consider wine making as an example: measurements are more difficult. As soon as you add hydrogen peroxide to a sample of wine to start...
In our switched-on world, power outages can be extremely inconvenient for individuals. But for businesses, even very brief interruptions can cause catastrophic losses.
By giving its sales people training and experience using statistical tools, a global leader in the chemical industry created a powerful way to help prospects and customers understand the value of their products and services which, in turn, helped increase sales.
Every day, thousands of people visit their financial entity to withdraw extra cash for daily expenses. These individual transactions may be small, but when hundreds or thousands of those transactions are made at a branch every day, the total amount of cash dispensed can be a very high sum. But each branch's daily operations are limited by a fixed...
Definitive screening designs are resolution IV designs. In a resolution IV design, terms for main effects are not aliased with 2-way interactions. In definitive screening designs, 2-way interactions are usually partly confounded with each other and square terms, but you can still estimate some 2-way interactions. Square terms are not aliased with...
The first auto insurance policy was sold to Dr. Truman Martin of Buffalo, New York, in February 1898 by the Travelers Insurance Company. As someone who appreciates data, what stands out to me is that the first odometer patent for an automobile was issued in 1903, and it wouldn't be until the 1920s before odometers became a standard feature on...
A Quick Format is a reusable set of formatting options that are available in process maps, value stream maps, and forms that are in design mode.
Halloween närmar sig med stormsteg. Enligt statistisk från amerikanska National Retail Federation planerar 69% av den amerikanska befolkningen att fira Halloween samt spendera $100 på godsaker och tricks. Är du ute och godisshoppar i sista sekund? Här är en lista över de 5 mest populära godissorterna att dela ut till små monstren som kommer och...
När det blir tufft inom brottsbekämpningen tar man in sin elitenhet: SWAT-laget (Special Weapons and Tactics).
"Älskling, sätt barnen i bilen medan jag kopplar släpet bak. Vi åker till Cushing Oklahoma!" Det var min första tanke i april 2020 när oljepriset sjönk till under 0 dollar per fat för första gången i historien. Tanken på att någon skulle betala mig för att ta emot fat med olja var lockande, men min process för att...
Histogram är bra att använda för att sammanfatta olika statistik. Men även om du har aktiverat Data Analysis Toolpak eller skapat ett antal formler (ANTALIF, AVERAGEs och STDEVs) så är Excel inte alltid det bästa alternativet när det kommer till att skapa ett histogram. Därför har Minitab Statistical Software utvecklats till att vara din bästa...