The extent to which products meet specifications needs to be systematically monitored in a production process. Product quality will typically be defined by two quantities: deviations from stated ...

Control charts have two general uses in an improvement project. Undeniably, the most common application is as a tool to ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Trend charts are used to see the changes throughout a process. They come in different forms like the run, control, and time series charts. Trend charts are used to monitor your process change over ...

Control charts that are properly constructed and maintained prevent false out-of-control signals and provide a useful method for monitoring a process. Process control is and has been an important ...

Total Quality Management (TQM) refers to management methods used to enhance quality and productivity in business organizations. TQM is a comprehensive management approach that works horizontally ...

Statistical process control (SPC) charts provide a natural approach to analysing time series data for healthcare quality ...