
The Box-Cox Transformation: What It Is and How to Use It
The Box Cox Transformation is a popular method of transforming non-normal dependent variables into a normal shape. This technique helps
Focused on lean tools, concepts and ideas, our Lean Wiki is a selection of key explanations to help you become familiar with the Lean methodology. We explore some of the key ideas behind Lean Thinking and explore core Lean terminology and principles.
The Box Cox Transformation is a popular method of transforming non-normal dependent variables into a normal shape. This technique helps
Lean Six Sigma is a process improvement methodology that can help businesses achieve dramatic performance improvements. But what is Benchmarking,
The Analysis of Variance, commonly known as ANOVA, is a statistical technique used to compare means between two or more
In the business world, data comes in all types of shapes, sizes, and forms. However, it can generally be classified
There are a lot of assumptions in life. We make assumptions based on our past experiences, the opinions of others,
The Assessment Criteria for Solutions As a professional, knowing the assessment criteria for solutions is crucial. This way, you can
The Anderson-Darling test is a statistical method used to evaluate whether a given sample of data follows a specific distribution.
An affinity diagram, also known as a K-J diagram, is a tool used in project management and business brainstorming sessions
The Two Proportion Z Test is a statistical method used to determine if there is a significant difference between the
How to Read a 100% Stacked Bar Chart A 100% stacked bar chart is a graph that shows the
“Culture is simply a shared way of doing something with a passion.” – Brian Chesky, Co-Founder, CEO, Airbnb As a
The Lean supply chain relies on value creation – not just price reduction. All too often, we identify the partners
Genchi Genbutsu is a Lean methodology, which focuses on seeing and understanding the actual work of a process or system
“Make decisions slowly by consensus, thoroughly considering all options; implement decisions rapidly.” – The Toyota Way All too often, we
The 8 wastes of Lean TIMWOODS are a powerful set of tools that can help organisations become more efficient and
Kaizen, the Japanese concept of continuous improvement, is a philosophy that encourages ongoing, incremental changes that cumulatively lead to significant
What is Lean Management? In 1990, James Womack and Daniel Jones wrote their book “The Machine That Changed the
Failure Mode and Effects Analysis (FMEA) is a systematic approach used to identify potential failures in a process, product, or
The Value of Lean Six Sigma Training Did you know that Lean Six Sigma training is recommended 98% of the
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