Creating a culture of process improvement, whether you are operating an online venture or traditional brick and mortar establishment is vital to success and increased profitability. There are many tools available for defining, measuring and analyzing a business process to identify potential problems and more importantly find areas of improvement. Although several methods exist for data analysis, in this article…
Tag: Pareto
Should You Use A Pareto Chart
What? you don’t know what it is Unless you are familiar with manufacturing management principles, you probably have not heard of a pareto chart. It is a very effective tool managers use, to manage and effect outcomes in manufacturing environments. You’re saying, How in the heck will this help my trading? Well it can, if you use it right. Another…