Lean Six Sigma Glossary
A KPI or Key Process Indicator is a measure of organizational performance against a strategic goal. An example would be a strategic initiative to keep
A Key Process Indicator (KPI) is a measure of organizational performance against a strategic goal. An example would be a strategic initiative to keep organizational
SMART Goals is based on the acronym that stands Specific, Measurable, Attainable, Relevant and Timebound. Following this acronym is a great way to construct clearly-defined
True North is a term that originated recently with Toyota and refers to the ideal or “goal state”âwhere a company is headed. The idea is
Toyota’s 8 Steps for Practical Problem Solving are rooted in Walter Shewhart‘s (and Dr. Deming‘s) PDCA Cycle (Plan Do Check Act). Toyota expanded on “Plan”
The target, within Continuous Improvement, refers to the desired value of the process characteristic being measured—“2-Day Lead Time” or “2% Defect rate”. Once the baseline
Best Practice Sharing refers to spreading news of improvement ideas throughout an organization. Another term is to share “Transfer Opportunities” although the idea is to
Production Leveling refers to the smoothing of manufacturing production in the face of fluctuating demand. The method was developed as part of the Toyota Production
Process management is an approach to better understand, measure and govern processes across an organization. Process Management is the antidote to the natural development of
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