Hypothesis testing is easier than it sounds. In its most basic form, it relates to a method that can be used to to make a rational decision in
3 Ways to Avoid Revenue Leaks with Six Sigma
Revenue leakage has become a very real concern for thousands of businesses across the world, costing them billions of dollars every year in lower net
Six Sigma Best Practices in Shared Services Organizations
Working in a company that provides shared services can make it challenging to ensure that everyone has fair and sufficient access to the services in
5 Ways Lean Six Sigma Can Improve the Hotel Industry
Lean and Six Sigma have quickly become two of the most important methods to gauge business process quality in many industries, helping organizations
Taguchi Methods and How They Apply to Manufacturing
The Taguchi methods can be seen in many industries nowadays, and they've become an integral part of the optimization strategies of many companies. And
Applying Six Sigma to Your Company’s Pricing Strategy
There are many factors that can contribute to a defective pricing strategy. Of these the most fundamental are poorly designed processes or those which
How to Target Pricing Operations with Six Sigma (and Why)
Today, many companies have managed to get the balancing act of getting costs down and handling manufacturing inefficiencies right. This can mostly be
Six Sigma Best Practices in Mission Critical Organizations
Six Sigma is a broad methodology that can be easily applied in a variety of fields and contexts, and while this makes it a powerful tool, it can also
5 Important Considerations for Implementing Six Sigma Within Supply Chain Management
Not everyone understands what Six Sigma really is. Essentially it is a project that is data driven and designed to improve any processes within your