ANOVA

ANOVA -short for “analysis of variance”- is a statistical technique for testing if 3(+) population means are all equal. The two simplest ANOVA scenarios are one-way ANOVA for comparing 3(+) groups on 1 variable: do all children from school A, B and C have equal mean IQ scores? Repeated measures AONVA for comparing 3(+) variables […]

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5S

5S represents Japanese words that describe the steps of a workplace organization process. English equivalent of all the Japanse words are updated in bracket. Seiri (Sort) Seiton (Straighten, Set) Seiso (Shine, Sweep) Seiketsu (Standardize) Shitsuke (Sustain) In simple terms, the five S methodology helps a workplace in following ways SORT – Remove items that are no longer […]

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OPERATIONS MANAGEMENT KEY TERMS

Below is the list of key terms used in the field of Operations Management… 5 Why’s 5 s Affinity Diagram / KJ Analysis ANOVA (Analysis of Variance) AHP (Analytic Hierarchy Process) Brainstorming Calculators Capability Indices / Process Capability Cause & Effect Control Charts DOE (Design of Experiments) FMEA Graphical Analysis Charts Hypothesis Testing Kanban Kano […]

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5 Whys

5Whys is a technique that was formally developed by Taiichi Ohno and was used within the ToyotaMotor Corporation during the evolution of its manufacturing methodologies. The technique is used to find the root cause of a problem or defect by repeating the question why? Each answer forms the basis of the next question. The “5” […]

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