SlideShare a Scribd company logo
7 Quality Tools
The 7 Quality
Tools for
Process
Improvements
Pareto Chart
Flow Charts
Cause-Effect Diagrams
Where did the Basic Seven
come from?
Kaoru Ishikawa
• Known for “Democratizing Statistics”
• The Basic Seven Tools made statistical analysis less
complicated for the average person
• Good Visual Aids make statistical and quality control
more comprehendible.
What Is a Flowchart?
A diagram that uses graphic symbols
to depict the nature
and flow of the steps in a process.
Benefits of Using Flowcharts
• Promote process understanding
• Provide tool for training
• Identify problem areas and improvement
opportunities
" Draw a flowchart for whatever you do. Until you do, you do not know
what you are doing, you just have a job.”
-- Dr. W. Edwards Deming.
Keys to Success
• Start with the big picture
• Observe the current process
• Record process steps
• Arrange the sequence of steps
• Draw the Flowchart
What Is a Cause and Effect
Diagram?
A graphic tool that helps identify, sort, and
display possible causes of a problem or
quality characteristic.
Benefits of Using
a Cause-and-Effect Diagram
• Helps determine root causes
• Encourages group participation
• Uses an orderly, easy-to-read format
• Indicates possible causes of variation
• Increases process knowledge
• Identifies areas for collecting data
Data Collection
• Where
• What
• Who
• How
√ √ √ √ √ √ √ √ √ √ √
√ √ √ √ √
√ √ √
√ √ √
ShiftsShiftsDefectTypeDefectType
√ √ √ √
Pareto PrinciplePareto Principle
• Vilfredo Pareto (1848-1923) Italian
economist
– 20% of the population has 80% of the wealth
• adapted by Joseph Juran.
• Remember the 80/20 rule states that
approximately 80% of the problems are created by
approximately 20% of the causes.
Pareto Charts
Acme Pizza
Slices Frequency %
0 1 0.3
1 33 13.09
2 65 25.79
3 8 3.17
4 12 4.76
5 0 0
6 0 0
7 1 0.3
Acme Pizza
• The completed Pareto Analysis results in the following:
0
10
20
30
40
50
60
70
1 2 3 4 5 6 7
Slices of Pizza
#timesordered
2 1 4 3 7 5 6
Scatter Diagrams
Slide 1 of 4
• Scatter Diagrams Defined
– Scatter Diagrams are used to study and
identify the possible relationship between the
changes observed in two different sets of
variables.
Constructing a Scatter Diagram
– 1. collect two pieces of data and create a summary
table of the data.
– 2. Draw a diagram labeling the horizontal and vertical
axes.
• 3. It is common that the “cause” variable be labeled on the X
axis and the “effect” variable be labeled on the Y axis.
– 4. Plot the data pairs on the diagram.
– 5. Interpret the scatter diagram for direction and
strength.
Scatter DiagramScatter Diagram
.
Production and Quality Tools: Seven Quality Tools and Introduction to Statistics
Production and Quality Tools: Seven Quality Tools and Introduction to Statistics
Production and Quality Tools: Seven Quality Tools and Introduction to Statistics
Production and Quality Tools: Seven Quality Tools and Introduction to Statistics
Production and Quality Tools: Seven Quality Tools and Introduction to Statistics
Production and Quality Tools: Seven Quality Tools and Introduction to Statistics
Production and Quality Tools: Seven Quality Tools and Introduction to Statistics

More Related Content

What's hot

Basic understanding of lean six sigma approach for improvement
Basic understanding of lean six sigma approach for improvementBasic understanding of lean six sigma approach for improvement
Basic understanding of lean six sigma approach for improvement
Viral Jain
 
TQM Quality control Tools
TQM Quality control ToolsTQM Quality control Tools
TQM Quality control Tools
Sofie Zelada
 
The 5 Lean principles
The 5 Lean principlesThe 5 Lean principles
The 5 Lean principles
Johnny Kinsella
 
The Seven Management Tools - Total Quality Management
The Seven Management Tools - Total Quality ManagementThe Seven Management Tools - Total Quality Management
The Seven Management Tools - Total Quality Management
Snehal Nemane
 
7 qc tools
7 qc tools7 qc tools
7 qc tools
Jitesh Gaurav
 
Cause and effect diagram
Cause and effect diagramCause and effect diagram
Cause and effect diagramLizzette Danan
 
Pareto analysis
Pareto analysisPareto analysis
Pareto analysis
Himanshu
 
Business process mapping
Business process mappingBusiness process mapping
Business process mapping
Niyati Mehta
 
PROJECT STORYBOARD: Lean Six Sigma Helps Feed People In Need 45% Faster
PROJECT STORYBOARD: Lean Six Sigma Helps Feed People In Need 45% FasterPROJECT STORYBOARD: Lean Six Sigma Helps Feed People In Need 45% Faster
PROJECT STORYBOARD: Lean Six Sigma Helps Feed People In Need 45% Faster
GoLeanSixSigma.com
 
Using Risk Analysis and Simulation in Project Management
Using Risk Analysis and Simulation in Project ManagementUsing Risk Analysis and Simulation in Project Management
Using Risk Analysis and Simulation in Project Management
Mike Tulkoff
 
Global 8D Problem Solving Process Training Module
Global 8D Problem Solving Process Training ModuleGlobal 8D Problem Solving Process Training Module
Global 8D Problem Solving Process Training Module
Frank-G. Adler
 
7 new qc tools
7 new qc tools7 new qc tools
7 new qc tools
Paul Robere
 
SIX SIGMA Green Belt Training
SIX SIGMA Green Belt TrainingSIX SIGMA Green Belt Training
SIX SIGMA Green Belt Training
chaudhryshailja
 
The deming philosophy
The deming philosophyThe deming philosophy
The deming philosophyHasnain Baber
 
Pareto Diagram
Pareto DiagramPareto Diagram
Pareto Diagram
Divyansh jain
 
Control charts
Control chartsControl charts
Control charts
Sahul Hameed
 

What's hot (20)

Six sigma
Six sigmaSix sigma
Six sigma
 
Basic understanding of lean six sigma approach for improvement
Basic understanding of lean six sigma approach for improvementBasic understanding of lean six sigma approach for improvement
Basic understanding of lean six sigma approach for improvement
 
TQM Quality control Tools
TQM Quality control ToolsTQM Quality control Tools
TQM Quality control Tools
 
The 5 Lean principles
The 5 Lean principlesThe 5 Lean principles
The 5 Lean principles
 
The Seven Management Tools - Total Quality Management
The Seven Management Tools - Total Quality ManagementThe Seven Management Tools - Total Quality Management
The Seven Management Tools - Total Quality Management
 
Msa 5 day
Msa 5 dayMsa 5 day
Msa 5 day
 
7 qc tools
7 qc tools7 qc tools
7 qc tools
 
Cause and effect diagram
Cause and effect diagramCause and effect diagram
Cause and effect diagram
 
Tqm kaizen
Tqm kaizenTqm kaizen
Tqm kaizen
 
Pareto analysis
Pareto analysisPareto analysis
Pareto analysis
 
Business process mapping
Business process mappingBusiness process mapping
Business process mapping
 
PROJECT STORYBOARD: Lean Six Sigma Helps Feed People In Need 45% Faster
PROJECT STORYBOARD: Lean Six Sigma Helps Feed People In Need 45% FasterPROJECT STORYBOARD: Lean Six Sigma Helps Feed People In Need 45% Faster
PROJECT STORYBOARD: Lean Six Sigma Helps Feed People In Need 45% Faster
 
Using Risk Analysis and Simulation in Project Management
Using Risk Analysis and Simulation in Project ManagementUsing Risk Analysis and Simulation in Project Management
Using Risk Analysis and Simulation in Project Management
 
Global 8D Problem Solving Process Training Module
Global 8D Problem Solving Process Training ModuleGlobal 8D Problem Solving Process Training Module
Global 8D Problem Solving Process Training Module
 
Scatter diagram in tqm
Scatter diagram in tqmScatter diagram in tqm
Scatter diagram in tqm
 
7 new qc tools
7 new qc tools7 new qc tools
7 new qc tools
 
SIX SIGMA Green Belt Training
SIX SIGMA Green Belt TrainingSIX SIGMA Green Belt Training
SIX SIGMA Green Belt Training
 
The deming philosophy
The deming philosophyThe deming philosophy
The deming philosophy
 
Pareto Diagram
Pareto DiagramPareto Diagram
Pareto Diagram
 
Control charts
Control chartsControl charts
Control charts
 

Viewers also liked

Production and Quality Tools: The 7 Basic Quality Tools
Production and Quality Tools: The 7 Basic Quality ToolsProduction and Quality Tools: The 7 Basic Quality Tools
Production and Quality Tools: The 7 Basic Quality Tools
Dr. John V. Padua
 
Quality Function Development
Quality Function DevelopmentQuality Function Development
Quality Function Development
Dr. John V. Padua
 
PQT - Total Productive Maintenance
PQT - Total Productive MaintenancePQT - Total Productive Maintenance
PQT - Total Productive Maintenance
Dr. John V. Padua
 
Business Process Benchmarking
Business Process BenchmarkingBusiness Process Benchmarking
Business Process Benchmarking
Dr. John V. Padua
 
Chapter 3 Total Quality Management - Total Quality in Organizations
Chapter 3 Total Quality Management - Total Quality in OrganizationsChapter 3 Total Quality Management - Total Quality in Organizations
Chapter 3 Total Quality Management - Total Quality in Organizations
Dr. John V. Padua
 
Chapter 1 TQM Introduction to Quality
Chapter 1 TQM Introduction to QualityChapter 1 TQM Introduction to Quality
Chapter 1 TQM Introduction to Quality
Dr. John V. Padua
 
Chapter 7 building and sustaining performance excellence in organizations
Chapter 7 building and sustaining performance excellence in organizationsChapter 7 building and sustaining performance excellence in organizations
Chapter 7 building and sustaining performance excellence in organizations
Dr. John V. Padua
 
Marketing Research: Introduction to Writing and Parts of a Research
Marketing Research: Introduction to Writing and Parts of a ResearchMarketing Research: Introduction to Writing and Parts of a Research
Marketing Research: Introduction to Writing and Parts of a Research
Dr. John V. Padua
 
Principles of Management Controlling
Principles of Management ControllingPrinciples of Management Controlling
Principles of Management Controlling
Dr. John V. Padua
 
Production and Quality Tools: The Basic Seven Quality Tools
Production and Quality Tools: The Basic Seven Quality ToolsProduction and Quality Tools: The Basic Seven Quality Tools
Production and Quality Tools: The Basic Seven Quality Tools
Dr. John V. Padua
 
Business Proposal Format
Business Proposal FormatBusiness Proposal Format
Business Proposal Format
Dr. John V. Padua
 
Marketing Research: Research Format/Template
Marketing Research: Research Format/TemplateMarketing Research: Research Format/Template
Marketing Research: Research Format/Template
Dr. John V. Padua
 
Principles of Management Chapter 1 Business in General
Principles of Management Chapter 1 Business in GeneralPrinciples of Management Chapter 1 Business in General
Principles of Management Chapter 1 Business in General
Dr. John V. Padua
 
Investment Management Mutual Funds and Its Types
Investment Management Mutual Funds and Its TypesInvestment Management Mutual Funds and Its Types
Investment Management Mutual Funds and Its Types
Dr. John V. Padua
 
Sustainability
SustainabilitySustainability
Sustainability
lleuciuc1
 
Marketing Management Chapter 7 Brands
Marketing Management Chapter 7 BrandsMarketing Management Chapter 7 Brands
Marketing Management Chapter 7 Brands
Dr. John V. Padua
 
Chapter 8 Setting Price for a Service Rendered
Chapter 8 Setting Price for a Service RenderedChapter 8 Setting Price for a Service Rendered
Chapter 8 Setting Price for a Service Rendered
Dr. John V. Padua
 
Chapter 7 Managing the Customer Mix
Chapter 7 Managing the Customer MixChapter 7 Managing the Customer Mix
Chapter 7 Managing the Customer Mix
Dr. John V. Padua
 
Building and sustaining total quality organizations
Building and sustaining total quality organizationsBuilding and sustaining total quality organizations
Building and sustaining total quality organizationsLizzette Danan
 
The Planning Process Preparation
The  Planning Process PreparationThe  Planning Process Preparation
The Planning Process Preparation
Jo Balucanag - Bitonio
 

Viewers also liked (20)

Production and Quality Tools: The 7 Basic Quality Tools
Production and Quality Tools: The 7 Basic Quality ToolsProduction and Quality Tools: The 7 Basic Quality Tools
Production and Quality Tools: The 7 Basic Quality Tools
 
Quality Function Development
Quality Function DevelopmentQuality Function Development
Quality Function Development
 
PQT - Total Productive Maintenance
PQT - Total Productive MaintenancePQT - Total Productive Maintenance
PQT - Total Productive Maintenance
 
Business Process Benchmarking
Business Process BenchmarkingBusiness Process Benchmarking
Business Process Benchmarking
 
Chapter 3 Total Quality Management - Total Quality in Organizations
Chapter 3 Total Quality Management - Total Quality in OrganizationsChapter 3 Total Quality Management - Total Quality in Organizations
Chapter 3 Total Quality Management - Total Quality in Organizations
 
Chapter 1 TQM Introduction to Quality
Chapter 1 TQM Introduction to QualityChapter 1 TQM Introduction to Quality
Chapter 1 TQM Introduction to Quality
 
Chapter 7 building and sustaining performance excellence in organizations
Chapter 7 building and sustaining performance excellence in organizationsChapter 7 building and sustaining performance excellence in organizations
Chapter 7 building and sustaining performance excellence in organizations
 
Marketing Research: Introduction to Writing and Parts of a Research
Marketing Research: Introduction to Writing and Parts of a ResearchMarketing Research: Introduction to Writing and Parts of a Research
Marketing Research: Introduction to Writing and Parts of a Research
 
Principles of Management Controlling
Principles of Management ControllingPrinciples of Management Controlling
Principles of Management Controlling
 
Production and Quality Tools: The Basic Seven Quality Tools
Production and Quality Tools: The Basic Seven Quality ToolsProduction and Quality Tools: The Basic Seven Quality Tools
Production and Quality Tools: The Basic Seven Quality Tools
 
Business Proposal Format
Business Proposal FormatBusiness Proposal Format
Business Proposal Format
 
Marketing Research: Research Format/Template
Marketing Research: Research Format/TemplateMarketing Research: Research Format/Template
Marketing Research: Research Format/Template
 
Principles of Management Chapter 1 Business in General
Principles of Management Chapter 1 Business in GeneralPrinciples of Management Chapter 1 Business in General
Principles of Management Chapter 1 Business in General
 
Investment Management Mutual Funds and Its Types
Investment Management Mutual Funds and Its TypesInvestment Management Mutual Funds and Its Types
Investment Management Mutual Funds and Its Types
 
Sustainability
SustainabilitySustainability
Sustainability
 
Marketing Management Chapter 7 Brands
Marketing Management Chapter 7 BrandsMarketing Management Chapter 7 Brands
Marketing Management Chapter 7 Brands
 
Chapter 8 Setting Price for a Service Rendered
Chapter 8 Setting Price for a Service RenderedChapter 8 Setting Price for a Service Rendered
Chapter 8 Setting Price for a Service Rendered
 
Chapter 7 Managing the Customer Mix
Chapter 7 Managing the Customer MixChapter 7 Managing the Customer Mix
Chapter 7 Managing the Customer Mix
 
Building and sustaining total quality organizations
Building and sustaining total quality organizationsBuilding and sustaining total quality organizations
Building and sustaining total quality organizations
 
The Planning Process Preparation
The  Planning Process PreparationThe  Planning Process Preparation
The Planning Process Preparation
 

Similar to Production and Quality Tools: Seven Quality Tools and Introduction to Statistics

7 QC Tools Presentation -1.pdf
7 QC Tools Presentation -1.pdf7 QC Tools Presentation -1.pdf
7 QC Tools Presentation -1.pdf
OlivierNgono
 
7 QC Tools Presentation .pdf
7 QC Tools Presentation .pdf7 QC Tools Presentation .pdf
7 QC Tools Presentation .pdf
OlivierNgono
 
Qulaity Control 1.pptx
Qulaity Control 1.pptxQulaity Control 1.pptx
Qulaity Control 1.pptx
nachiketkale5
 
Introduction to secen quality tools
Introduction to secen quality toolsIntroduction to secen quality tools
Introduction to secen quality tools
Prof (Dr.) Chamaru De Alwis
 
Seven Statistical tools for Quality Management
Seven Statistical tools for Quality ManagementSeven Statistical tools for Quality Management
Seven Statistical tools for Quality Management
Shilpi Arora
 
TQM-Unit 3-7-1 tools of quality-New.pptx
TQM-Unit 3-7-1 tools of quality-New.pptxTQM-Unit 3-7-1 tools of quality-New.pptx
TQM-Unit 3-7-1 tools of quality-New.pptx
Tamilselvan S
 
7 quality control tools
7 quality  control tools7 quality  control tools
7 quality control tools
Vima Mali
 
Technical Tools For Measuring And Auditing Quality.ppt
Technical Tools For Measuring And Auditing Quality.pptTechnical Tools For Measuring And Auditing Quality.ppt
Technical Tools For Measuring And Auditing Quality.ppt
Mei Miraflor
 
7 QC Tools 7 Quality Tools Process Improvement Tools.pdf
7 QC Tools 7 Quality Tools Process Improvement Tools.pdf7 QC Tools 7 Quality Tools Process Improvement Tools.pdf
7 QC Tools 7 Quality Tools Process Improvement Tools.pdf
SRIKUMAR BIRADAR
 
7QC Tools
7QC Tools7QC Tools
7QC Tools
Jitesh Gaurav
 
7 qc tools[1] to print
7 qc tools[1] to print7 qc tools[1] to print
7 qc tools[1] to print
Jitesh Gaurav
 
Seven quality tools
Seven quality toolsSeven quality tools
Seven quality tools
Pinky_0083
 
TQM UNIT 3.ppt
TQM UNIT 3.pptTQM UNIT 3.ppt
TQM UNIT 3.ppt
ssusereef268
 
TQM UNIT 2.pptx presentation with images
TQM UNIT 2.pptx presentation with imagesTQM UNIT 2.pptx presentation with images
TQM UNIT 2.pptx presentation with images
Pradeep482741
 
Seven Basic Quality Control Tools أدوات ضبط الجودة السبعة
Seven Basic Quality Control Tools أدوات ضبط الجودة السبعةSeven Basic Quality Control Tools أدوات ضبط الجودة السبعة
Seven Basic Quality Control Tools أدوات ضبط الجودة السبعة
Mohamed Khaled
 
Seven Quality Tools - Presentation Material Sample 1.ppt
Seven Quality Tools - Presentation Material Sample 1.pptSeven Quality Tools - Presentation Material Sample 1.ppt
Seven Quality Tools - Presentation Material Sample 1.ppt
ssusere6db8e
 
Seven quality-tools-1233776598291857-2
Seven quality-tools-1233776598291857-2Seven quality-tools-1233776598291857-2
Seven quality-tools-1233776598291857-2Mahmood Alam
 
Seven quality tools
Seven quality toolsSeven quality tools
Seven quality tools
Abhishek Thakur
 

Similar to Production and Quality Tools: Seven Quality Tools and Introduction to Statistics (20)

7 QC Tools Presentation -1.pdf
7 QC Tools Presentation -1.pdf7 QC Tools Presentation -1.pdf
7 QC Tools Presentation -1.pdf
 
7 QC Tools Presentation .pdf
7 QC Tools Presentation .pdf7 QC Tools Presentation .pdf
7 QC Tools Presentation .pdf
 
Qulaity Control 1.pptx
Qulaity Control 1.pptxQulaity Control 1.pptx
Qulaity Control 1.pptx
 
Introduction to secen quality tools
Introduction to secen quality toolsIntroduction to secen quality tools
Introduction to secen quality tools
 
Run Chart
Run ChartRun Chart
Run Chart
 
Seven Statistical tools for Quality Management
Seven Statistical tools for Quality ManagementSeven Statistical tools for Quality Management
Seven Statistical tools for Quality Management
 
TQM-Unit 3-7-1 tools of quality-New.pptx
TQM-Unit 3-7-1 tools of quality-New.pptxTQM-Unit 3-7-1 tools of quality-New.pptx
TQM-Unit 3-7-1 tools of quality-New.pptx
 
7 quality control tools
7 quality  control tools7 quality  control tools
7 quality control tools
 
Technical Tools For Measuring And Auditing Quality.ppt
Technical Tools For Measuring And Auditing Quality.pptTechnical Tools For Measuring And Auditing Quality.ppt
Technical Tools For Measuring And Auditing Quality.ppt
 
7 QC Tools 7 Quality Tools Process Improvement Tools.pdf
7 QC Tools 7 Quality Tools Process Improvement Tools.pdf7 QC Tools 7 Quality Tools Process Improvement Tools.pdf
7 QC Tools 7 Quality Tools Process Improvement Tools.pdf
 
7QC Tools
7QC Tools7QC Tools
7QC Tools
 
7 qc tools[1] to print
7 qc tools[1] to print7 qc tools[1] to print
7 qc tools[1] to print
 
Seven quality tools
Seven quality toolsSeven quality tools
Seven quality tools
 
TQM UNIT 3.ppt
TQM UNIT 3.pptTQM UNIT 3.ppt
TQM UNIT 3.ppt
 
TQM UNIT 2.pptx presentation with images
TQM UNIT 2.pptx presentation with imagesTQM UNIT 2.pptx presentation with images
TQM UNIT 2.pptx presentation with images
 
Ch04 spc
Ch04 spcCh04 spc
Ch04 spc
 
Seven Basic Quality Control Tools أدوات ضبط الجودة السبعة
Seven Basic Quality Control Tools أدوات ضبط الجودة السبعةSeven Basic Quality Control Tools أدوات ضبط الجودة السبعة
Seven Basic Quality Control Tools أدوات ضبط الجودة السبعة
 
Seven Quality Tools - Presentation Material Sample 1.ppt
Seven Quality Tools - Presentation Material Sample 1.pptSeven Quality Tools - Presentation Material Sample 1.ppt
Seven Quality Tools - Presentation Material Sample 1.ppt
 
Seven quality-tools-1233776598291857-2
Seven quality-tools-1233776598291857-2Seven quality-tools-1233776598291857-2
Seven quality-tools-1233776598291857-2
 
Seven quality tools
Seven quality toolsSeven quality tools
Seven quality tools
 

More from Dr. John V. Padua

Marketing Research Introduction
Marketing Research IntroductionMarketing Research Introduction
Marketing Research Introduction
Dr. John V. Padua
 
Services Marketing Chapter 10 Building Customer Loyalty Through Services Quality
Services Marketing Chapter 10 Building Customer Loyalty Through Services QualityServices Marketing Chapter 10 Building Customer Loyalty Through Services Quality
Services Marketing Chapter 10 Building Customer Loyalty Through Services Quality
Dr. John V. Padua
 
Principle Management Chapter 9 Management Information Systems
Principle Management Chapter 9 Management Information SystemsPrinciple Management Chapter 9 Management Information Systems
Principle Management Chapter 9 Management Information Systems
Dr. John V. Padua
 
Services Marketing Chapter 9 Promoting an Interactive Service Experience
Services Marketing Chapter 9 Promoting an Interactive Service ExperienceServices Marketing Chapter 9 Promoting an Interactive Service Experience
Services Marketing Chapter 9 Promoting an Interactive Service Experience
Dr. John V. Padua
 
Marketing Management Products Goods and Services
Marketing Management Products Goods and ServicesMarketing Management Products Goods and Services
Marketing Management Products Goods and Services
Dr. John V. Padua
 
Principles of Management Chapter 6 Directing
Principles of Management Chapter 6 DirectingPrinciples of Management Chapter 6 Directing
Principles of Management Chapter 6 Directing
Dr. John V. Padua
 
Principles of Management Chapter 5 Staffing
Principles of Management Chapter 5 StaffingPrinciples of Management Chapter 5 Staffing
Principles of Management Chapter 5 Staffing
Dr. John V. Padua
 
Marketing Management Positioning
Marketing Management PositioningMarketing Management Positioning
Marketing Management Positioning
Dr. John V. Padua
 
Services Marketing Chapter 6 Leveraging the People Factor
Services Marketing Chapter 6 Leveraging the People FactorServices Marketing Chapter 6 Leveraging the People Factor
Services Marketing Chapter 6 Leveraging the People Factor
Dr. John V. Padua
 
Investment Management Stock Market
Investment Management Stock MarketInvestment Management Stock Market
Investment Management Stock Market
Dr. John V. Padua
 
Investment Management Share/Stock Market
Investment Management Share/Stock MarketInvestment Management Share/Stock Market
Investment Management Share/Stock Market
Dr. John V. Padua
 
Investment Management Risk and Return
Investment Management Risk and ReturnInvestment Management Risk and Return
Investment Management Risk and Return
Dr. John V. Padua
 
Marketing Management Chapter 4 Targeting
Marketing Management Chapter 4 TargetingMarketing Management Chapter 4 Targeting
Marketing Management Chapter 4 Targeting
Dr. John V. Padua
 
Chapter 2 Facilities Management
Chapter 2 Facilities ManagementChapter 2 Facilities Management
Chapter 2 Facilities Management
Dr. John V. Padua
 
Principles of Management Chapter 4 Organizing
Principles of Management Chapter 4 OrganizingPrinciples of Management Chapter 4 Organizing
Principles of Management Chapter 4 Organizing
Dr. John V. Padua
 
Investment Management Risk and Return
Investment Management Risk and ReturnInvestment Management Risk and Return
Investment Management Risk and Return
Dr. John V. Padua
 

More from Dr. John V. Padua (16)

Marketing Research Introduction
Marketing Research IntroductionMarketing Research Introduction
Marketing Research Introduction
 
Services Marketing Chapter 10 Building Customer Loyalty Through Services Quality
Services Marketing Chapter 10 Building Customer Loyalty Through Services QualityServices Marketing Chapter 10 Building Customer Loyalty Through Services Quality
Services Marketing Chapter 10 Building Customer Loyalty Through Services Quality
 
Principle Management Chapter 9 Management Information Systems
Principle Management Chapter 9 Management Information SystemsPrinciple Management Chapter 9 Management Information Systems
Principle Management Chapter 9 Management Information Systems
 
Services Marketing Chapter 9 Promoting an Interactive Service Experience
Services Marketing Chapter 9 Promoting an Interactive Service ExperienceServices Marketing Chapter 9 Promoting an Interactive Service Experience
Services Marketing Chapter 9 Promoting an Interactive Service Experience
 
Marketing Management Products Goods and Services
Marketing Management Products Goods and ServicesMarketing Management Products Goods and Services
Marketing Management Products Goods and Services
 
Principles of Management Chapter 6 Directing
Principles of Management Chapter 6 DirectingPrinciples of Management Chapter 6 Directing
Principles of Management Chapter 6 Directing
 
Principles of Management Chapter 5 Staffing
Principles of Management Chapter 5 StaffingPrinciples of Management Chapter 5 Staffing
Principles of Management Chapter 5 Staffing
 
Marketing Management Positioning
Marketing Management PositioningMarketing Management Positioning
Marketing Management Positioning
 
Services Marketing Chapter 6 Leveraging the People Factor
Services Marketing Chapter 6 Leveraging the People FactorServices Marketing Chapter 6 Leveraging the People Factor
Services Marketing Chapter 6 Leveraging the People Factor
 
Investment Management Stock Market
Investment Management Stock MarketInvestment Management Stock Market
Investment Management Stock Market
 
Investment Management Share/Stock Market
Investment Management Share/Stock MarketInvestment Management Share/Stock Market
Investment Management Share/Stock Market
 
Investment Management Risk and Return
Investment Management Risk and ReturnInvestment Management Risk and Return
Investment Management Risk and Return
 
Marketing Management Chapter 4 Targeting
Marketing Management Chapter 4 TargetingMarketing Management Chapter 4 Targeting
Marketing Management Chapter 4 Targeting
 
Chapter 2 Facilities Management
Chapter 2 Facilities ManagementChapter 2 Facilities Management
Chapter 2 Facilities Management
 
Principles of Management Chapter 4 Organizing
Principles of Management Chapter 4 OrganizingPrinciples of Management Chapter 4 Organizing
Principles of Management Chapter 4 Organizing
 
Investment Management Risk and Return
Investment Management Risk and ReturnInvestment Management Risk and Return
Investment Management Risk and Return
 

Recently uploaded

FINAL PRESENTATION.pptx12143241324134134
FINAL PRESENTATION.pptx12143241324134134FINAL PRESENTATION.pptx12143241324134134
FINAL PRESENTATION.pptx12143241324134134
LR1709MUSIC
 
Introduction to Amazon company 111111111111
Introduction to Amazon company 111111111111Introduction to Amazon company 111111111111
Introduction to Amazon company 111111111111
zoyaansari11365
 
Affordable Stationery Printing Services in Jaipur | Navpack n Print
Affordable Stationery Printing Services in Jaipur | Navpack n PrintAffordable Stationery Printing Services in Jaipur | Navpack n Print
Affordable Stationery Printing Services in Jaipur | Navpack n Print
Navpack & Print
 
Authentically Social Presented by Corey Perlman
Authentically Social Presented by Corey PerlmanAuthentically Social Presented by Corey Perlman
Authentically Social Presented by Corey Perlman
Corey Perlman, Social Media Speaker and Consultant
 
Exploring Patterns of Connection with Social Dreaming
Exploring Patterns of Connection with Social DreamingExploring Patterns of Connection with Social Dreaming
Exploring Patterns of Connection with Social Dreaming
Nicola Wreford-Howard
 
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdfModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
fisherameliaisabella
 
ikea_woodgreen_petscharity_dog-alogue_digital.pdf
ikea_woodgreen_petscharity_dog-alogue_digital.pdfikea_woodgreen_petscharity_dog-alogue_digital.pdf
ikea_woodgreen_petscharity_dog-alogue_digital.pdf
agatadrynko
 
5 Things You Need To Know Before Hiring a Videographer
5 Things You Need To Know Before Hiring a Videographer5 Things You Need To Know Before Hiring a Videographer
5 Things You Need To Know Before Hiring a Videographer
ofm712785
 
3.0 Project 2_ Developing My Brand Identity Kit.pptx
3.0 Project 2_ Developing My Brand Identity Kit.pptx3.0 Project 2_ Developing My Brand Identity Kit.pptx
3.0 Project 2_ Developing My Brand Identity Kit.pptx
tanyjahb
 
Kseniya Leshchenko: Shared development support service model as the way to ma...
Kseniya Leshchenko: Shared development support service model as the way to ma...Kseniya Leshchenko: Shared development support service model as the way to ma...
Kseniya Leshchenko: Shared development support service model as the way to ma...
Lviv Startup Club
 
Putting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptxPutting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptx
Cynthia Clay
 
Discover the innovative and creative projects that highlight my journey throu...
Discover the innovative and creative projects that highlight my journey throu...Discover the innovative and creative projects that highlight my journey throu...
Discover the innovative and creative projects that highlight my journey throu...
dylandmeas
 
Project File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdfProject File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdf
RajPriye
 
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
BBPMedia1
 
Maksym Vyshnivetskyi: PMO Quality Management (UA)
Maksym Vyshnivetskyi: PMO Quality Management (UA)Maksym Vyshnivetskyi: PMO Quality Management (UA)
Maksym Vyshnivetskyi: PMO Quality Management (UA)
Lviv Startup Club
 
Sustainability: Balancing the Environment, Equity & Economy
Sustainability: Balancing the Environment, Equity & EconomySustainability: Balancing the Environment, Equity & Economy
Sustainability: Balancing the Environment, Equity & Economy
Operational Excellence Consulting
 
The key differences between the MDR and IVDR in the EU
The key differences between the MDR and IVDR in the EUThe key differences between the MDR and IVDR in the EU
The key differences between the MDR and IVDR in the EU
Allensmith572606
 
Recruiting in the Digital Age: A Social Media Masterclass
Recruiting in the Digital Age: A Social Media MasterclassRecruiting in the Digital Age: A Social Media Masterclass
Recruiting in the Digital Age: A Social Media Masterclass
LuanWise
 
Premium MEAN Stack Development Solutions for Modern Businesses
Premium MEAN Stack Development Solutions for Modern BusinessesPremium MEAN Stack Development Solutions for Modern Businesses
Premium MEAN Stack Development Solutions for Modern Businesses
SynapseIndia
 
LA HUG - Video Testimonials with Chynna Morgan - June 2024
LA HUG - Video Testimonials with Chynna Morgan - June 2024LA HUG - Video Testimonials with Chynna Morgan - June 2024
LA HUG - Video Testimonials with Chynna Morgan - June 2024
Lital Barkan
 

Recently uploaded (20)

FINAL PRESENTATION.pptx12143241324134134
FINAL PRESENTATION.pptx12143241324134134FINAL PRESENTATION.pptx12143241324134134
FINAL PRESENTATION.pptx12143241324134134
 
Introduction to Amazon company 111111111111
Introduction to Amazon company 111111111111Introduction to Amazon company 111111111111
Introduction to Amazon company 111111111111
 
Affordable Stationery Printing Services in Jaipur | Navpack n Print
Affordable Stationery Printing Services in Jaipur | Navpack n PrintAffordable Stationery Printing Services in Jaipur | Navpack n Print
Affordable Stationery Printing Services in Jaipur | Navpack n Print
 
Authentically Social Presented by Corey Perlman
Authentically Social Presented by Corey PerlmanAuthentically Social Presented by Corey Perlman
Authentically Social Presented by Corey Perlman
 
Exploring Patterns of Connection with Social Dreaming
Exploring Patterns of Connection with Social DreamingExploring Patterns of Connection with Social Dreaming
Exploring Patterns of Connection with Social Dreaming
 
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdfModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
 
ikea_woodgreen_petscharity_dog-alogue_digital.pdf
ikea_woodgreen_petscharity_dog-alogue_digital.pdfikea_woodgreen_petscharity_dog-alogue_digital.pdf
ikea_woodgreen_petscharity_dog-alogue_digital.pdf
 
5 Things You Need To Know Before Hiring a Videographer
5 Things You Need To Know Before Hiring a Videographer5 Things You Need To Know Before Hiring a Videographer
5 Things You Need To Know Before Hiring a Videographer
 
3.0 Project 2_ Developing My Brand Identity Kit.pptx
3.0 Project 2_ Developing My Brand Identity Kit.pptx3.0 Project 2_ Developing My Brand Identity Kit.pptx
3.0 Project 2_ Developing My Brand Identity Kit.pptx
 
Kseniya Leshchenko: Shared development support service model as the way to ma...
Kseniya Leshchenko: Shared development support service model as the way to ma...Kseniya Leshchenko: Shared development support service model as the way to ma...
Kseniya Leshchenko: Shared development support service model as the way to ma...
 
Putting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptxPutting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptx
 
Discover the innovative and creative projects that highlight my journey throu...
Discover the innovative and creative projects that highlight my journey throu...Discover the innovative and creative projects that highlight my journey throu...
Discover the innovative and creative projects that highlight my journey throu...
 
Project File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdfProject File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdf
 
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
 
Maksym Vyshnivetskyi: PMO Quality Management (UA)
Maksym Vyshnivetskyi: PMO Quality Management (UA)Maksym Vyshnivetskyi: PMO Quality Management (UA)
Maksym Vyshnivetskyi: PMO Quality Management (UA)
 
Sustainability: Balancing the Environment, Equity & Economy
Sustainability: Balancing the Environment, Equity & EconomySustainability: Balancing the Environment, Equity & Economy
Sustainability: Balancing the Environment, Equity & Economy
 
The key differences between the MDR and IVDR in the EU
The key differences between the MDR and IVDR in the EUThe key differences between the MDR and IVDR in the EU
The key differences between the MDR and IVDR in the EU
 
Recruiting in the Digital Age: A Social Media Masterclass
Recruiting in the Digital Age: A Social Media MasterclassRecruiting in the Digital Age: A Social Media Masterclass
Recruiting in the Digital Age: A Social Media Masterclass
 
Premium MEAN Stack Development Solutions for Modern Businesses
Premium MEAN Stack Development Solutions for Modern BusinessesPremium MEAN Stack Development Solutions for Modern Businesses
Premium MEAN Stack Development Solutions for Modern Businesses
 
LA HUG - Video Testimonials with Chynna Morgan - June 2024
LA HUG - Video Testimonials with Chynna Morgan - June 2024LA HUG - Video Testimonials with Chynna Morgan - June 2024
LA HUG - Video Testimonials with Chynna Morgan - June 2024
 

Production and Quality Tools: Seven Quality Tools and Introduction to Statistics

  • 2. The 7 Quality Tools for Process Improvements Pareto Chart Flow Charts Cause-Effect Diagrams
  • 3. Where did the Basic Seven come from? Kaoru Ishikawa • Known for “Democratizing Statistics” • The Basic Seven Tools made statistical analysis less complicated for the average person • Good Visual Aids make statistical and quality control more comprehendible.
  • 4. What Is a Flowchart? A diagram that uses graphic symbols to depict the nature and flow of the steps in a process.
  • 5. Benefits of Using Flowcharts • Promote process understanding • Provide tool for training • Identify problem areas and improvement opportunities " Draw a flowchart for whatever you do. Until you do, you do not know what you are doing, you just have a job.” -- Dr. W. Edwards Deming.
  • 6.
  • 7. Keys to Success • Start with the big picture • Observe the current process • Record process steps • Arrange the sequence of steps • Draw the Flowchart
  • 8.
  • 9.
  • 10. What Is a Cause and Effect Diagram? A graphic tool that helps identify, sort, and display possible causes of a problem or quality characteristic.
  • 11. Benefits of Using a Cause-and-Effect Diagram • Helps determine root causes • Encourages group participation • Uses an orderly, easy-to-read format • Indicates possible causes of variation • Increases process knowledge • Identifies areas for collecting data
  • 12.
  • 13.
  • 14.
  • 15.
  • 16.
  • 17. Data Collection • Where • What • Who • How
  • 18. √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ √ ShiftsShiftsDefectTypeDefectType √ √ √ √
  • 19.
  • 20.
  • 21.
  • 22.
  • 23.
  • 24.
  • 25.
  • 26.
  • 27.
  • 28.
  • 29.
  • 30.
  • 31. Pareto PrinciplePareto Principle • Vilfredo Pareto (1848-1923) Italian economist – 20% of the population has 80% of the wealth • adapted by Joseph Juran. • Remember the 80/20 rule states that approximately 80% of the problems are created by approximately 20% of the causes.
  • 32.
  • 34. Acme Pizza Slices Frequency % 0 1 0.3 1 33 13.09 2 65 25.79 3 8 3.17 4 12 4.76 5 0 0 6 0 0 7 1 0.3
  • 35. Acme Pizza • The completed Pareto Analysis results in the following: 0 10 20 30 40 50 60 70 1 2 3 4 5 6 7 Slices of Pizza #timesordered 2 1 4 3 7 5 6
  • 36. Scatter Diagrams Slide 1 of 4 • Scatter Diagrams Defined – Scatter Diagrams are used to study and identify the possible relationship between the changes observed in two different sets of variables.
  • 37. Constructing a Scatter Diagram – 1. collect two pieces of data and create a summary table of the data. – 2. Draw a diagram labeling the horizontal and vertical axes. • 3. It is common that the “cause” variable be labeled on the X axis and the “effect” variable be labeled on the Y axis. – 4. Plot the data pairs on the diagram. – 5. Interpret the scatter diagram for direction and strength.