Tag Archives: measure

Process Yield Calculator

Process yield measures are metrics used to better understand process yield. These metrics should be able to reveal even the smallest inefficiencies in the process in to order to improve process efficiency and capability. Process yield measures are basically obtained by dividing good product units produced by the number of total units entered the process. Many companies use two metrics to measure the total process yield; final yield and rolled throughput yield.

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Data Collection Plan Template

The main reason behind the Data Collection Plan is to provide a focused approach to data collection for any given study or project. It helps specifying the objective of the data collection, what data do we need, how are we going to collect it, and who is going to collect it. The goal is to answer questions such as whether the process is stable and capable, and whether the measurement system is accurate and capable.

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Descriptive Statistics

Descriptive Statistics

Descriptive statistics are methods of describing the characteristics of a data set. It includes calculating things such as the average of the data, its spread and the shape it produces. It involves describing, summarizing and organizing the data so it can be easily understood. Graphical displays are often used along with the quantitative measures to enable clarity of communication. Descriptive statistics helps exploring and making conclusions about the data in order to make more rational decisions. Read more »»

Benchmark Analysis Template

Benchmarking is a process that measures how a company is performing against those of world-class performance. It is used to better understand how outstanding companies perform, then helps your company develop plans to adapt specific best practices. This template allows to conduct benchmarking studies to compare the performance of your processes and activities against top performers in a very simple manner.

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Key Performance Indicators (KPIs)


Key Performance Indicators

Performance management is an approach used to manage performance of an organization. It can play an important role in the success or failure of a business. It can be applied to measure the performance of an organization, a business unit, a single department, a project, an employee, and even the process to build a product or service. It includes activities that will help to ensure goals are consistently being met in an effective manner. Those activities include planning and setting expectations, developing the capacity to perform, continually monitoring performance, periodically rating performance in a summary fashion, and rewarding good performance.

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