Goody Goods and Services
It's the % of revenue industry leaders derive from new products.
What is 50%?
It's unsustainable practices polluted an entire Pennsylvania valley.
What is The New Jersey Zinc Company?
It's the competitive strategy(ies) consistent with Total Quality Management
What is All (differentiation, low cost, response)?
They are the type of process variations that can be traced to specific reasons
What are Assignable variations?
It's the process stategy using technology to efficiently produce high volumes with high product variation
What is Mass Customization?
It's the life cycle phase where costs most exceed revenue.
What is Introduction?
They are the inputs to production systems held by the public
What are the Commons?
It's the number of defects per million in a six sigma qualified system
What is 3.4?
Instead of single product values, these are typically recorded on an SPC
What are Sample Averages?
It's the process strategy with high fixed and low variable costs used for high volume, low variation applications
What is Product Focus?
It's the process leading to better/more economical "products" with less enviromental impact.
What is Value Analysis?
It considers the systems necessary to support all three Ps: people, planet, and profit
What is the Triple Bottom Line?
It's the concept of foolproof devices or techniques designed to pass only acceptable products
What is Poka-yoke?
It posits that, regardless of the underlying population distribution type, the distribution of sample means (averages) drawn from the population follows a normal curve
What is the Central Limit Theorem?
It's they type of "non-subtractive" manufacturing that can reduce waste and time-to-market
What is Additive Manufacturing?
It's the list of work centers, operations and times required to produce a component
What is a Routing Sheet?
She postulated the effects of green house gases in 1856
Who is Eunice Newton-Foote?
It's a point in a service process where the customer forms a quality perception
What is a Moment of Truth?
They are the 2 SPC chart types always used together for continuous variables
What are the x-bar and R charts?
It's the technology associated with "lights out" warehousing and distribution facilities
What is an Automated Storage and Retrieval System (ASRS)?
►It's the Estimated Value of a 10% chance of spending $50,000 and making $100,000.
What is $5,000?
"She" helps Apple achieve iPhone Revenue Retrieval.
Who is Daisy the phone disassembly robot?
It's a plot (with time on the horizontal axis, a target and upper/lower limits) to record measured process values
What is a Statistical Process Control Chart?
It's the SAMPLE distribution standard deviation (SD) when the POPULATION SD is 10 and the sample size (n) is 4
What is 5? sample sigma = population sigma / sqrt(n)
It's the unit crossover point when Process A has FC = $100 and VC = $0.05 and Process B has FC = $50 and VC = $0.10
What is 1,000 units?