Tag: 6m
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SPC: Graphical Interpretation of Control Chart (Mean and Range)
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“It is the mark of a truly intelligent person to be moved by statistics.” — George Bernard Shaw Introduction Graphs are widely used tools in trading and investing to quickly see the past performance of the stock, the highs, the lows, trends, moving averages, trading volume, and much more. These graphs are the ‘footprint of…
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Difference between Outsource Process and Bought-Out Parts (BOP)
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“The only difference between a rut and a grave are the dimensions” – Ellen Glasgow Introduction We procure electronic goods through online portals like Amazon. For our daily needs, we purchase groceries from the nearby market. For marriages, many specialized activities like makeup, decoration, food catering, photography etc. are outsourced. The economic prosperity of many developing…
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4M (Man, Machine, Material, Method) Changes
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“Slowness to change usually means fear of the new.” – Philip Crosby Introduction Change (permanent or temporary) is inevitable and is part & parcel of our lives. It may be the government’s economic policies, global warming, pandemics like COVID, emission norms transition from Euro IV to VI or LGBT rights. The list is endless. The…
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What is the key difference between Common and Special Cause?
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The difference between successful people and others is how long they spend time feeling sorry for themselves: Barbara Corcoran Introduction There is a distinct difference between reality and illusion. Reality is a fact like Sunrises from the east and sets in the west direction. The illusion is an imaginary thing that trees are also running…