Examlex
____ are used to differentiate experienced and skilled workers from less experienced and less skilled workers.
Benchmarking
The act of evaluating business operations and performance indicators against the standards of the industry or exemplary practices from different organizations.
Cause-And-Effect Diagram
A visual tool used to systematically identify and present the potential causes of a specific problem, often resembling the shape of a fishbone.
Fishbone Diagram
A visual tool for root cause analysis, illustrating the main causes and sub-causes leading to an effect, often used in problem-solving and quality control.
Taguchi Loss Function
The Taguchi Loss Function is a statistical method used to measure the cost of deviation from a target value, emphasizing the reduction of variation in a process rather than just meeting specifications.
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