Discuss How the Six Sigma Process of Define,measure,analyze,improve,and Control (DMAIC)works

question 22

Essay

Discuss how the Six Sigma process of define,measure,analyze,improve,and control (DMAIC)works.What is the logic underlying the DMAIC process?

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Definitions:

Ordering Costs

Expenses related to the procurement process, including costs associated with placing orders, processing payments, and receiving goods.

Inventory-Related Cost

Expenses associated with ordering, storing, handling, and managing inventory, including costs related to warehousing, spoilage, and obsolescence.

Fixed-Quantity System

An ordering system with the same order amount each time.

Fixed-Period System

A system in which inventory orders are made at regular time intervals.