Reverse Logistics & SCM – Scope and Advantages
Supply Chain Management is concerned not only with the flow of raw materials and finished goods, but scope extends beyond this to include reverse flow of unsold finished goods, parts and packaging materials from the point of consumption at customer’s end back to the organization or to rework/refurbishing vendors. Today reverse logistics has been adopted […]
Work Study and Industrial Engineering
Introduction To survive in the current competitive and global environment, it is important for the organization to continuously look at ways to improve efficiency and productivity. It needs to discover a new, easy and cost-effective way of manufacturing or providing services. Work study and industrial engineering play important role in job simplification, job design, job […]
Develop a Goal Statement corresponding to the Problem Statement
A six sigma team is meant to concentrate on the solutions and not on the problems. It is for this reason that once the problem has been identified, it must be quickly turned in to a goal statement that will guide the execution of the project. What is a Goal Statement ? The Problem statement […]
Why Electric Cars Arent Really Environment Friendly?
Elon Musk launched his car company Tesla in order to make cars that would not harm the environment. He has marketed Tesla as being an eco-friendly car. Also, some of the largest economies in the world like China and the United States plan to switch to electric cars in the next couple of decades. The […]
Quality – A Tool for Achieving Excellence
Introduction For an organization to be successful it is of paramount importance to exceed the customer expectations as to generate customer delight. One of the best ways of doing this is by providing quality products and services. In technical language, quality means to a product adhering to the specifications. For customer probably meeting or exceeding […]
The scatter plot can be a useful tool in understanding the type of relationship that exist between the inputs (X’s) and the outputs (Y’s)
On the other hand a negative relationship is one where more of one input leads to less of another output. This is also known as an inverse relationship.
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