What is six sigma - Study guides, Class notes & Summaries

A value chain is the sequence of activities that begins with raw materials. What result does a value chain end with? - Delivery of products & services What happens when an effective value chain is created? - Profit margins are increased Industry and market, competitor analysis, and social analysis are examples of which step in strategic planning process? - Analysis of exteral opportunities and threats Skilled management, positive cash flow, and well known brands are examples of which compon...

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QUALITY correct answers Degree to which a set of inherent characteristics of a product or service, fulfill requirements - ISO Explain DMAIC correct answers DEFINE MEASURE ANALYZE IMPROVE CONTROL Voice Of Customer Requirements (VOC Steps) correct answers 1. Take the exact voice of customer 2. Excerpts from customers showcasing need 3. Critical to Quality (CTQ) requirements - write customer need in measurable terms Explain the Cause-Solution Matrix (x axis label: SOLUTION, y: CAUS...

WGU C215 Operations Management PVDC Final Exam Questions and Answers Graded A Which definition is used for quality, evaluates how well a product performs its intended function? Fitness for use 14 points for quality improvement Which total quality management (TQM) process was developed to stress management's responsibility for quality? ISO 9000 Set of international standards on quality management and quality assurance, critical to international business -TQM process consists of 13 published s...

Question 1 Not yet answered Marked out of 1.00 Flag question Question text When Toyota's suppliers do not have adequate capacity to meet purchase requirements when demand increases substantially, it is referred to as: a. Triage approach b. Overaggressive supply reduction c. Supplier dependency d. Absence of competition Clear my choice Question 2 Not yet answered Marked out of 1.00 Flag question Question text _____ allows a buying organisation to react more qui...

This is a bizarre question. It never mentions that the financial savings should be reported at the annual level. However, that's a reasonable assumption to make. $7,500 * 12 months = $90, 000. A shoe manufacturing firm learned through a Lean Six Sigma project their boot soles could be made of a different material requiring two less steps in the process. Removal of these two steps yielded a monthly cost savings of $7,500. Therefore the reported financial savings for this LSS project were: A) $...

If the chance that any one of five telephone lines is busy at any instant is 0.01, then what is the probability that all the lines are busy? A. (0.01)^4 B. (0.01)^5 C. (0.01)^6 D. (0.01)^10 - ANSWER-B. (0.01)^5 N = 5, p = 0.01, x = 5 Apply Standard formula for Binomial Distribution. Thus, option b is the correct answer. Who should complete the control phase after the successful completion and implementation of the first four phases of DMAIC? A. The green belt alone; the proj...

Lean Six Sigma Green Belt Certification Questions with Verified Solutions What is Six Sigma? is both a methodology for process improvement and a statistical concept that seeks to define the variation inherent in any process. The overarching premise of Six Sigma is that variation in a process leads to opportunities for error; opportunities for error then lead to risks for product defects. Decision-making with Six Sigma The six sigma method lets organizations identify problems, valida...

CMIT Exam (200 multiple choice) Questions with Verified Answers A CM's role and responsibilities are governed solely by the Owner/CM Agreement. True False - CORRECT ANSWER True There are two basic forms of CM, agency and at-risk. Each form provides for the basic services of construction management practice. However, there are some key differences. Which of the following do not apply to both CM forms? A) Both forms provide advice to the owner on constructibility, budget and the schedule....

(T/F) The term "knowledge discovery" is key, as data mining looks at data from different vantage points, aspects, and perspectives and brings new insights to the data set. - ANSWER True (T/F) As defined by Gene Glass, the term meta-analysis is "the statistical analysis of a large collection of results from individual studies for the purpose of integrating findings." - ANSWER True According to AHIMA's model, which of the following is not a characteristic of Data Quality - ANSWER ...