Tag: cost

  • SPC: Graphical Interpretation of Control Chart (Mean and Range)

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    Bhavya Mangla

    “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…

  • 4M (Man, Machine, Material, Method) Changes

    4M (Man, Machine, Material, Method) Changes

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    by

    Bhavya Mangla

      “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…