Soon after the Great Recession, the U.S. stock markets plunged—and rebounded within 36 minutes.

In everyday language, “in control” and “under control” are synonymous with “in specification.” Requirements have been met. Things are OK. No trouble.

During the early 1980s, GM, Ford, and Chrysler established the Automotive Industry Action Group (AIAG), a not-for-profit organization with the mission “To improve its members’ competitiveness through a cooperative effort of North American vehicle manufacturers and th

When I first learned quality improvement back in 1989 at Florida Power and Light, the consultants who trained us taught a very specific way to draw a Pareto chart.

Current business conversation often focuses on data and big data. Data are the raw information from which statistics are created and provide an interpretation and summary of data.

Anthony Chirico¹ describes how narrow-limit gauging (NLG, aka compressed limit plans) can reduce enormously the required sample size, and therefore the inspection cost, of a traditional attribute sampling plan.

Within maintenance management, the term MTBF (mean time between failures) is the most important key performance indicator after physical availability.

‘Process Capability: What It Is and How It Helps,” parts one,

If Fyodor Dostoyevsky had been a mathematician, he might have written a book called Crime and Statistics. However, since “statistics” doesn’t have quite the same ring as “punishment,” it wouldn’t have sold as well.

This is part three of a three-part series.