When planning a process improvement project the most important question you have to ask is, “What problem are we trying to solve?” This question relates directly to the first step in DMAIC ( a Lean Six Sigma problem solving tool), which is to define the problem. After you answer this question you are ready toContinue reading “How to plan a Process Improvement Project”
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E.O.W (End of the Week) Notable Tip: Aligning product success metrics with customer priorities and strategic goals
Happy Friday! I hope you had a great week. This week’s Notable Tip is focused on the development of valuable and critical product KPI metrics. If you are not measuring and monitoring the most important metrics of your product’s performance progress then you are missing valuable insights that can help you optimize your product. BelowContinue reading “E.O.W (End of the Week) Notable Tip: Aligning product success metrics with customer priorities and strategic goals”
Lean Wednesday Tip: Issuing Section 1244 Stock
“Small C Corporations benefit from issuing Section 1244 Stock as it offers shareholders better tax treatment if they lose money on the disposition of their C corporation stock. It is best to create a written corporate resolution that specifically states that the shares are Section 1244 stock. Also, make sure to authorize more shares thanContinue reading “Lean Wednesday Tip: Issuing Section 1244 Stock”
Preventing Process Failure with FMEA (Failure Modes & Effects Analysis)
FMEA (Failure Modes & Effects Analysis) is a Lean Six Sigma technique for identifying both the ways that a product, part, process or service can fail and the effects of those failures.Once these failure modes are identified, they are rated by the severity of their effects and failure probability. This is critical to the designContinue reading “Preventing Process Failure with FMEA (Failure Modes & Effects Analysis)”
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