Six Sigma

Six Sigma

Originally developed by Motorola in 1986, Six Sigma is quality management method that helps organizations to improve the capability of their business processes. This increase in performance and decrease in process variation lead to defect reduction and improvement in profits, employee morale and quality of products or services.

Industry: Quality management

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Six Sigma

blemish

Quality management; Six Sigma

An imperfection severe enough to be noticed but that should not cause any real impairment with respect to intended normal or reasonably foreseeable use.

inventory

Quality management; Six Sigma

In lean, the money invested to purchase things an organization intends to sell.

focus group

Quality management; Six Sigma

A group, usually of eight to 10 people, that is invited to discuss an existing or planned product, service or process.

lot size (N)

Quality management; Six Sigma

The number of units in a lot.

mean

Quality management; Six Sigma

A measure of central tendency; the arithmetic average of all measurements in a data set.

material requirements planning (MRP)

Quality management; Six Sigma

A computerized system typically used to determine the quantity and timing requirements for production and delivery of items to both customers and suppliers. Using MRP to schedule production at ...