Tag Archives: sigma

What is a Process

What is a Process

The products and services delivered by any organization are the result of processes. Any business activity whether it is industrial, commercial or service-oriented can be considered as a process. Managing these processes is a key to success for any organization. A process can be defined is a set of steps designed to produce a product or service to add value to a customer. It starts with a business goal and ends with the achievement of the that goal.

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Process Yield Measures

Process Yield Measures

An ideal process must produce without defects and without rework. To expose these unnecessary and costly inefficiencies, you should have appropriate performance metrics to measure process yield, or otherwise, the true process yield might be underestimated. Process yield measures should be able to expose even the smallest inefficiencies in a process, which will enable operations to understand their true process yield in order to set realistic improvement targets.

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