Articles

Six Sigma and Business Analytics: Quantitative Surveys

Who doesn’t love getting more data? More data provides more insight to the nuts and bolts of your day to day operations. How your organization runs, what areas are most efficient, how you can improve processes is all seen through data. However, not all data is as easily accessible as others. For example, understanding your […]

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Kaizen

Hooray for Kaizen!

When you hear the word Kaizen, what comes to mind? A Lean Six Sigma manufacturing tool, or perhaps an event, as in a Kaizen event (or the Japanese word for improvement)? Truth be told, all of the preceding should come to mind. Kaizen basically is about having continuous improvement; small tiny increments of change done […]

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Six Sigma and Business Analytics: Monte Carlo Simulation

Doing business is all about taking risks. Whether you’re deciding to become a full-time entrepreneur, open a new office, or invest in a company, you’re taking risks. However, not all risks are necessarily “risky”. Let’s explain. While you may be taking a risk by venturing into a new investment scheme, chances are you will analyze […]

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Six Sigma and KPI’s: Your Customer Retention Rate

When operating a business, there are a few key metrics you must keep a close eye on. While knowing how expensive your business is to operate is a priority, customer retention is equally important. Customers are the backbone of your business’ success. Whether you sell a product, offer a service, or perform research and development, […]

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Six Sigma and KPI’s: Your Operating Expense Ratio (OER)

Running a business can be expensive. No matter what industry you’re in, what services you offer, or products you make, there’s an ever-changing cost for doing business. Typically, how expensive it is to operate your business determines how profitable you are. Likewise, your operating expenses determine your return on investments, growth aspirations, and revenue. While […]

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