2021 | Digital E-Learning

Wastes of Lean Manufacturing

October 3, 2021October 1, 2021 Digital E-Learning

Lean identifies 8 deadly types of wastes which can be remembered as acronym “DOWNTIME” which are first letter of each of these 8 waste:

Sampling and Types of Sampling

September 18, 2021September 20, 2021 Digital E-Learning

Sampling is a statistical technique that allows statistician, researchers to infer about a population based on results generated from Sample

DMAIC Six Sigma Methodology

September 11, 2021March 23, 2023 Digital E-Learning

DMAIC Six sigma is the process improvement methodology which stands for Define, Measure, Analyze, Improve and Control)

What is Statistics | Statistics Meaning

July 10, 2021September 20, 2021 Digital E-Learning

Statistics come from word “Statista” which is an Italian word which means any statement It came in to picture somewhere in 1660.

What is BCG (Boston Consulting Group) Matrix ? How to Use the BCG matrix

June 20, 2021July 21, 2023 Digital E-Learning

BCG Matrix also known as Boston Consulting group’s matrix is also known as growth-share matrix is a planning tool that plots a company’s offerings in a four-square matrix (Stars, Cash Cows, Question

Network Diagram in Project Management

June 18, 2021July 25, 2022 Digital E-Learning

Network diagram usually shows a graphical association between different tasks and is used to develop a project schedule and determine the critical paths.

Confidence Interval

June 18, 2021September 20, 2021 Digital E-Learning

Confidence interval is the range of estimate we are making. Say for e.g we are 95 % confident that True mean will lie between 40 and 60

What is Value Add vs. Non-Value Add Activities ? [2023]

May 2, 2021July 21, 2023 Digital E-Learning

Value-added activities directly contribute to customer satisfaction and create a competitive advantage, while non-value-added activities consume resources without delivering any customer benefit. By identifying and eliminating non-value-added tasks, companies can streamline their processes, reduce waste, and enhance overall efficiency, positioning themselves for success in today’s competitive market.