7 Tools for Turning Data Into Dollars
Over the years, in project after project, I have found that I only needed seven tools to solve virtually any operational problems involving delay, defects and deviation. Once in a great while I might need another tool, but I had to look it up because I had long forgotten it. You can easily create breakthrough improvements using these seven tools and the ChartSmartXL.
| The Magnificent Seven Tools for Turning Data Into Dollars | ||
|---|---|---|
| 1 |
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Value Stream Maps identify and remove delays from any process.
Spaghetti Diagrams identify and eliminate unnecessary movement of people or materials in any workspace. |
| 2 |  |
Excel PivotTables summarize massive dumps of data about defects and money. |
| 3 |  |
Performance charts to measure and monitor the performance of any process. Without performance charts, you cannot sustain improvements. (performance charts) |
| 4 |  |
Pareto Charts identify the most frequent types of defects, mistakes and errors. (Pareto Chart) |
| 5 |  |
Histograms with Cp and Cpk evaluate deviation in performance. (Histograms) |
| 6 |  |
Ishikawa (fishbone) diagrams identify the root causes of the problem. (See the new, automated Fishbone diagram at: Improvement Tools-Fishbone diagram or Ishikawa diagram) |
| 7 |
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Matrix diagrams like check sheets, countermeasures and action plans collect data and prioritize corrective actions. (Improvement Tools-Countermeasures Matrix ) |
Master these 7 Tools and you'll be well on your way to success with Finding Profit. ChartSmartXL will support you every step of the way.
