Risk is referred to as any situation that involves vulnerability to danger or any sort of harm. For any organization, being able to take steps to carry out a risk assessment is an important part of business. It is the evaluation and analysis of any task or process that might be dangerous or hazardous [...]
If you are not well informed about it then is is not analysis is also a problem solving tool used to solve issues in similar way as FMEA, Correlation, 5 Whys, Brainstorming, Affinity Diagram, Tolerance Analysis, PDCA, and several other techniques. Basically, it is a tool for solving the problems by explaining the sensible [...]
There are always defective products, virtually in every batch of production. Manufacturers check each batch and repair the defected pieces, but visual inspection is not always 100% reliable. This is where the role of AQL table comes into play particularly when you want to know how to set the limit between acceptability and refusal [...]
In this ever-changing, highly complex and competitive global business environment, the organizations and the managers are facing enormous challenges and paying much more attention on strategic planning and analysis. Strategic planning tools and analysis help organizations to identify key elements affecting the environment as well as performance and growth of the organization. PESTLE analysis [...]
Before talking about supplier audits in ISO 9001, we must know the basic concept of supplier audits in ISO 9001. So, it is a procedure of following the process and operations that are consent on from a selection of audit process. It recognizes nonconformity in the engineering change process, manufacturing process, quality process, invoicing [...]
Have you ever dealt with stubborn and recurrent problems that refuse to go away? No matter what you do to solve it, sooner or later, it arises in another form. If yes, then get ready; these are the symptoms of some deeper issues in your operational environment. In such cases quick fixes are convenient, [...]
The histogram looks very similar to bar graphs, but there is one outstanding feature that differentiates them. In bar graphs, the bars are separated by continuous intervals, but the bars of the histogram are not separated and always touching. Further features of histograms are that the x-axis is measured in ranges to define various [...]
A scatter graph (also called a scatter plot or scatter chart) is a kind of graph or mathematical diagram which uses Cartesian coordinates to present values for two variables or a set of data. It illustrates how much one variable correlates by the other. Correlation is the relationship between two variables. Scatter graphs are [...]
Root cause analysis (RCA) is a method of problem solving used for identifying the root causes of faults or problems. A factor is considered a root cause if removal thereof from a problem or fault sequence prevents it from recurring; whereas a casual factor is one that affects an event’s outcome, but is not [...]
A Statutory Audit is the authorized official inspection of a company’s accounts usually by an independent body. It is the audit of records of accounts of a company, according to the rules and requirements of an act or law, to guarantee fair and correct representation of the company’s financial records. The use or reason [...]
