Calculating Financial Impact of Lean Six Sigma Projects
Feb 26, 2010 · In financial businesses it needs to be clearly defined how to calculate the cost of capital. Productivity saving: Refers to the increased amount of output per unit (minutes, hours, …
Productivity Metrics: What to Measure and Why - iSixSigma
Mar 21, 2023 · Productivity isn’t just about producing physical items, even though that’s the simplest context for understanding it. Ultimately, the term describes the relationship between …
What You Need to Know to Calculate CP and Interpret Its Value
Feb 6, 2025 · Capability potential, or CP, is a common measurement in process analysis. This guide will teach you how to leverage it in your production.
Process Time vs. Cycle Time: What’s the Difference?
Jan 29, 2025 · How to Calculate Cycle Time There are two ways to calculate cycle time and it’s a good idea to use both if you can to ensure accurate results. The first method is to calculate the …
How Soft Savings Shape Organizational Success - isixsigma.com
Mar 10, 2024 · Productivity Soft savings are generally linked to productivity improvements such as reduced lead times. Tracking these types of metrics help companies understand how …
Preparing to Measure Process Work with a Time Study - iSixSigma
Feb 1, 2025 · How do you measure process work at your organization? You might want to incorporate a time study, as detailed in this in-depth guide.
Lead Time vs. Cycle Time: What’s the Difference? - iSixSigma
Oct 6, 2024 · Key Points Lead time is the duration between the start and end of a process. Cycle time is the duration for the entire process to be completed. Understanding how to utilize both …
Navigating Turnaround Time in Process Management - iSixSigma
Feb 13, 2025 · How does your turnaround time, or TAT, impact your production? Learn about how this metric affects your process management.
Calculating ROI to Realize Project Value - iSixSigma
Mar 27, 2010 · Calculating the true value of any project (Lean Six Sigma or otherwise) with respect to its impact on margin has always been challenging. Return on investment (ROI) is a …
Tangible vs. Intangible Benefits: What’s the Difference?
Feb 5, 2025 · Do you know the difference between tangible vs. intangible benefits? Measuring the results of your company’s output can be of vital importance. Understanding how these two …