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The Process Capability Index Indicates How Much a Process Mean

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The process capability index indicates how much a process mean differs from the target specification value.


Definitions:

Market Testing

The process of evaluating the viability of a new product or service through targeted research with a specific segment of the market.

National Distribution

A distribution strategy that aims to cover an entire country, making products available across all regions.

Environmental Scan

The process of collecting, analyzing, and interpreting data about external influences, trends, and threats that could impact an organization's strategy or operations.

New-Product Strategy Development

The stage of the new-product development process that defines the role for a new product in terms of the firm’s overall objectives.

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