Advantages and Disadvantages of PESTLE Analysis
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 [...]
What Are the Requirements for Supplier Audits in ISO 9001?
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, [...]
5W2H Method Used for Problem Solving
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 [...]
When to Use Histogram and the Benefits to Your Business
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 [...]
How to Draw a Scatter Graph and Use It as Part of Work
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 [...]
Importance of Cause and Effect in Root Cause Analysis
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 [...]