Total Productive Maintenance is a process/concept by which an organization can optimize the production capability and quality, by effectively managing and maintaining the machines, equipments, operators and the related processes. The name is similar to Total Quality Management, but they are not synonymous. TQM is an approach to improve the Quality of the products/service delivered […] Read more

Gap Analysis is a technique used by businesses to analyze the gaps and steps to be taken for moving the business from the current state to a desired state. It is a simple and logical tool and finds its application in many places. It is the basis of any problem solving, improvement projects, business scaling […] Read more

‘Heijunka’ as you assumed correctly is a Japanese word. Yes, like most of the Quality concepts it originated in Japan, in The Toyota. The word ‘Heijunka’ means leveling. It is one of the LEAN tools used by manufacturing companies, but can be applied to any operations framework. The objective of ‘Heijunka’ is to keep up […] Read more

Jidoka is also a Japanese term which means ‘Autonomation’. No it is not simply ‘Automation’. It is ‘Autonomation’. Autonomation means ‘Automation with human touch’. Jidoka is one of the three pillars of the world famous ‘Toyota Production system’ and also a key concept in ‘Lean Manufacturing’. The concept of Jidoka is “Automatic detection of problems […] Read more

Statisticians, Business managers, Project Managers, Management executives, CEOs, COOs, Whatever designations and roles you are performing in. You need to measure and represent data as metrics as relevant to your business and as required by the management. This applies to all industries and domains. The measurement of data is not so easy and requires a […] Read more

Like PERT, CPM and AND, Gantt Chart is also a tool (A graphical tool) that finds tremendous use in the field of Project management ranging from small projects to large-scale project portfolios. It is used to sequence the activities according to the time axis and is helpful in preparing and reviewing project plan. It was […] Read more

Most of us would have used these terms and values in our statistical analysis and estimation. They sound similar and thus are also confusing when used in practice. While the purpose of these two are invariably the same, there is a minor and important difference between these two terms conceptually, which makes them to inevitably […] Read more

Have you heard of the terms Control limits and Specification limits? Do these terms confuse you? Are you trying to find out the relation between the two terms? Are you wondering whether these terms are one and the same or different? Confused with when and where to use these terminologies? This article will provide you […] Read more

Today no business can run without predicting and forecasting a variable or data point. Prediction and forecasting has become an important and core aspect of businesses like Capital & Stock market, Medical and laboratory research, Aerospace and mechanical industry, educational services, recruitment and many other corporate functions. All these functions use prediction, forecasting at different […] Read more

Hoshin Kanri is a Japanese term meaning: Strategic Planning, Policy Deployment, and Hoshin Planning etc. It was develop in 1950s by Prof.Y ogi Akao. The crux of entire Hoshin Kanri is as below: “Each person is an expert in his own area and allows authority & ownership to everyone for betterment of an organization.” There […] Read more

Those who have attended Six Sigma trainings or those who have studied Business Statistics as a subject in their Graduation course would know the importance of Central Limit Theorem. Central Limit Theorem forms the basis for most of the statistical calculations and analysis that we use in our day to day life. Central Limit Theorem […] Read more