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Pareto Analysis
A statistical technique in decision-making used to select a limited number of tasks that produce significant overall effect, often referred to as the 80/20 rule.
Benchmarking
The practice of comparing business processes and performance metrics to industry bests and best practices from other companies.
Fishbone Diagram
A visual tool used to identify, explore, and display the possible causes of a particular problem.
Flowcharting
A graphical representation of a process, illustrating the sequence of operations or steps involved, often used in planning and problem-solving.
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