Process Improvement and Inventory Management in Operations
Project Management
Process Capability
Process capability is a measure of how many products produced by a process are defective.
- A process with a process capability of 4-sigma is better than 2 sigma.
- The higher the variability of a process, the lower its process capability.
- The choice of a product’s design specifications affects process capability even if the mean and standard deviation of the process do not change.
- Process capability generally decreases as the design specifications tighten (i.e., the
Nothing’s True and Nothing’s Right
Read MoreSoftware Quality Assurance and Software Engineering
Software Quality Assurance (SQA) is a process that ensures the quality of software products by monitoring and controlling the software development process. It involves various activities that aim to prevent defects, ensure compliance with standards, and improve the overall quality of the software.
SQA activities:
- Error/Defect Collection and Analysis: SQA collects and analyzes error and defect data to better understand how errors are introduced and what software engineering activities are best suited
Understanding Digital Transformation: From Pipelines to Platforms
Digital Transformation Summary
Week 1
Digital Mastery
Leadership that merges knowledge of business and information technology is necessary to steer digital transformations successfully.
Components of Digital Change
- Digitization: Conversion of analog data into digital form.
- Digitalization: The application of digital technologies in the alteration of business processes.
- Digital Transformation: Holistic modification at every level driven by customer needs, which involves incorporating digital technology into
Ethical Perspectives on the Wells Fargo Scandal
Aristotle
Aristotle emphasizes the development of virtuous character traits, such as honesty, integrity, and fairness. In the case of Wells Fargo, an Aristotelian approach would focus on cultivating a culture of honesty and integrity within the organization. This would involve promoting virtues such as truthfulness, transparency, and respect for customers’ interests. Additionally, Aristotle would emphasize the importance of leadership in setting a positive example and fostering virtuous behavior
Read MoreData Analysis: A Comprehensive Guide to Understanding and Optimizing Your Business
UNIT 1
1. Mission & Vision
The Mission
The mission of data analysis is to obtain all the necessary information for decision-making in our business.
Three Axes:
- User acquisition.
- User behavior within our business.
- Customer loyalty.
The Vision
If we manage to recognize:
- what our visitors are like,
- what they are concerned about and enthusiastic about
- what decision point they are at before they buy
- what barriers they face.
Only in this way can we implement useful corrective actions and measures to achieve our