What Is DMAIC Model? When studying Six Sigma at any certification level, the most important method you will learn is DMAIC Model. This acronym stands for Define, Measure, Analyze, Improve, and Control. Furthermore, it aids in the resolution of problems where the solution is not always obvious. When using Six Sigma, your goal is frequently to…
Motorola pioneered a new approach to quality control in the 1980s. Bill Smith and Mikel Harry, two engineers, were credited with developing Six Sigma. Ten years later, Jack Welch, then-CEO of General Electric, popularised the Six Sigma approach by incorporating it into GE’s business strategy. Six Sigma methodology incorporates data-driven, statistics-based tools and techniques to…
What is Pareto Principle? The Pareto principle is also referred to as the 80/20 rule. It asserts that in any given scenario, 80% of the outcomes are the result of 20% of the causes. The principal was named after Vilfredo Pareto, an Italian professional economist who observed that 20% of the population was responsible for…
It is no secret that business owners who manufacture their own products are constantly making changes. These changes are made in the manufacturing or production processes; they may even have to refund a portion of their profits due to product or service failures or failure to meet customer expectations. Customer mistrust and loss of customer…
When solving a problem, it is customary to hold a brainstorming session to gather everyone’s input. Because not all input is created equal, you will need to sort through it. This will assist the team in developing an effective action plan or solution that will eliminate the problem indefinitely. This is where an affinity diagram…
Because of the increased demand for utility vehicles, tractors, and heavy commercial vehicles, the automatic tyre inflation system industry has been steadily growing over the last decade (HCV). While the COVID-19 pandemic took a toll on industry output due to a drop in the automotive sector, recovery has begun since the fourth quarter of 2020….
Policosanol’s antioxidant properties have led to its use in the treatment of degenerative diseases such as cardio-vascular disease and diabetes. As a result, rising consumer health consciousness is fueling demand for policosanol products. Along with its nutraceutical properties, policosanols have been shown to be effective in acne treatments and skin repair, making it a more…
GHS is an abbreviation for the Globally Harmonized System of Categorizing and Labelling Chemicals. Around the world, strict regulations are in place, requiring the classification of hazardous chemicals on labels. With a growing emphasis on safer packaging, the GHS label market will grow significantly in the coming years. Manufacturers are expected to account for a…
The global Horizontal Directional Drilling (HDD) market generated revenue of around USD 7,500 million in 2020 and anticipated to grow at a CAGR of over 12.5% during the forecast period from 2021 to 2027 to reach around USD 18,000 million in 2027. Horizontal Directional Drilling (HDD) is a technique used for the installation of pipelines…
The global market for medical image analysis software will show a linear increase from US$ 2,318.4 million in 2017 to US$ 4,642.1 million by 2026 with a CAGR increase of 8.1 per cent from 2018 to 2026. Market Insights Health care agencies around the world have focused on accurate pre-diagnosis of chronic diseases in order…
