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The World's Best Business Excellence Glossary is being made here. It carries not just the definition of the excellence term but the answer to a very important application question. Wish to be a part of the initiative? Join us now! The open questions and past questions with best answers can be seen here.
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A
- Accuracy
- Activity Based Accounting
- Agile
- Algorithm
- Alternative Hypothesis
- Apples to Oranges
- ARMI
- Artificial Intelligence (AI) 1
- Artificial Intelligence (AI) 2
- Attribute Agreement Analysis
- Attribute Data
- Automation
- Autonomation
B
- Balanced Scorecard 1
- Balanced Scorecard 2
- Baseline
- Bathtub Curve
- Bayes' Theorem
- Bells and Whistles
- Bessel's Correction
- Bias
- Biased Sampling Error
- Big Hairy Audacious Goal (B.H.A.G.)
- Binomial Distribution
- Black Noise
- Blockchain
- Bottleneck
- Box plot
- Brainstorming 1
- Brainstorming 2
- Bubble Plot
- Bullwhip Effect
- Burn Down Chart
- Burn Up Chart
- Business Analytics
- Business Excellence
C
- Capability Index
- Capable Process
- Cause
- Causation
- Central Limit Theorem 1
- Central Limit Theorem 2
- Central Tendency
- Chaku Chaku
- Checksheet
- CLOSED MITT
- Clusters
- Coefficient of Variation (CV)
- Common Cause
- Confidence Level
- Constraint
- Continuous Data
- Continuous Flow
- Control Chart 1
- Control Chart 2
- Control Chart 3
- Control Limits
- Control Plan 1
- Control Plan 2
- Correction
- Corrective Action
- Correlation-1
- Correlation-2
- COPQ, Cost of Poor Quality 1
- COPQ, Cost of Poor Quality 2
- Crashing
- Creativity & Innovation 1
- Creativity & Innovation 2
- CRM
- CTQ
- Customer
- Customer Satisfaction (CSAT)
- Cycle Time
D
- Defectives
- Defects
- Descriptive Analytics
- Design For Assembly (DFA)
- Design Risk Analysis (DRA)
- Design of Experiments (DOE)
- DFMEA
- DFSS
- Discrete Data
- Discrimination
- DMADV
- DMAIC 1
- DMAIC 2
- DMAIC 3
- DMAIC 4
- DMAIC 5
- DPMO 1
- DPMO 2
- Drum Buffer Rope approach
E
- 80:20 Rule
- 8D Problem Solving
- Effective/Efficient
- Efficiency
- Efficiency Metrics
- Eisenhower Matrix
- European Foundation for Quality Management (EFQM)
- Evolution of Six Sigma
- Excellence
F
- 5S
- False Alert, Missed Alarm
- Fast Tracking
- Fault Tree Analysis
- Fishbone Diagram
- First Time Yield
- FMEA 1
- FMEA 2
- FMECA
- Force-Field Analysis
- Forecasting
- Fraud
- Fraud Detection
- Fraud Prevention
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G
- Gage R&R 1
- Gage R&R 2
- Gage R&R 3
- Gemba
- Genchi Genbutsu
- Green Belt
- Groupthink
- Guide to Hypothesis Test
H
- Handoffs
- Hansei
- Hawthorne Effect
- Heuristic Methods
- Hidden Factory
- Hypothesis Testing 1
- Hypothesis Testing 2
- Hypothesis Testing 3
- Hypothesis Testing 4
I- IDOV
- Industry 4.0
- Internal Rate of Return (IRR)
- Internet of Things (IoT)
- Internet of Things Security Risks
- Inter Quartile Range
- Inventory
- Important vs Urgent
- Ishikawa Diagram
J
K
- Kaikaku
- Kaizen 1
- Kaizen 2
- Kakushin
- Kanban
- Kano Model 1
- Kano Model 2
- Kappa Value
- Kendall's Coefficient
- KNOT Technique
- Kurtosis
L
M
- Management By Walking Around (MBWA)
- Mean Improvement
- Measurement System Analysis (MSA)
- Median
- Metrics
- Mistake Proofing 1
- Mistake Proofing 2
- Mixtures
N
- Nash Equilibrium
- Net Present Value (NPV)-1
- Net Present Value (NPV)-2
- Net Present Value (NPV)-3
- Net Promoter Score (NPS)
- Nominal Condition
- Nominal Group Technique (NGT)
- Noninferiority Testing
- Non Value Adding (NVA)-1
- Non Value Adding (NVA)-2
- Normal Distribution
- Null Hypothesis
O
- Observation
- One Factor At a Time (OFAT)
- Operational Definition
- Operational Excellence
- Optimal Stopping
- Oscillations
- Outlier
P
- Pacemaker Process
- Pareto Chart 1
- Pareto Chart 2
- Pascal's Triangle
- Paynter Chart
- Personal Excellence
- PFMEA 1
- PFMEA 2
- Pilot
- Point of Use Inventory
- Poka-yoke
- Power of a test
- Pre-Control Chart
- Predictive Analytics
- Prescriptive Analytics
- Precision
- Preventive Action
- Price Elasticity of Demand
- Process
- Process Capability
- Process Cycle Efficiency
- Process Excellence
- Process Input/Process Output
- Process Mapping 1
- Process Mapping 2
- Process Maturity
- Process Stability
- Productivity
- Project
- Prototype
- Pull System 1
- Pull System 2
- Push System 1
- Push System 2
- P-value
-
Q
R
- RACI
- Range
- Rational Subgrouping
- Regression Analysis-1
- Regression Analysis-2
- Regression Testing
- Resolution
- Return on Investment (ROI)
- Rework
- Risk Priority Number (RPN)
- Robotic Process Automation (RPA) 1
- Robotic Process Automation (RPA) 2
- Root Cause
- Root Cause Analysis 1
- Root Cause Analysis 2
- Rolled Throughput Yield
- R-Squared
- R-Squared Adjusted
- Run Chart
S
- 6 Big Losses
- 6S
- Sample
- Sample Size-1
- Sample Size-2
- Sample Size-3
- Sampling Error
- SCAMPER
- Scatter Plot
- Scope Creep
- Secondary Metric 1
- Secondary Metric 2
- Segmentation
- Sensitivity Analysis
- Seven Wastes of Lean
- Severity Ranking
- Shojinka
- Sigma Level-1
- Sigma Level-2
- Simpson's Paradox
- Single Piece Flow
- SIPOC
- Six Sigma
- Skewness
- SMED
- Spaghetti Diagram
- Special Cause
- Special Process
- Special Requirement
- Specification Limit
- Sponsor
- Spread
- Sprint
- Stability
- Stable Process
- Stakeholder
- Stakeholder Engagement
- Standard Deviation
- Statistical Significance
- Stop Gap Arrangement
- Stop The Line
- SWAG
- Swim Lane Mapping
T
- Takt Time 1
- Takt Time 2
- Test of Equivalence
- Time Series
- TIMWOOD
- Tollgate Reviews 1
- Tollgate Reviews 2
- Trends
- Tribal Knowledge
- Turing Test
- Type I Error
- Type II Error
U
V
- Validation
- Value Adding (VA)-1
- Value Adding (VA)-2
- Value Stream Map (VSM)
- Verification
- Variance
- Variation Reduction
- VOB
- VOC-1
- VOC-2
- VOC-3
- VUCA
W
- Wastes-1
- Wastes-2
- Waste Elimination
- Web Analytics
- Weighted Pareto
- WIFM
- Will Rogers Phenomenon
- WORMPIT
X
Y
Z
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If you want to study topics clustered by a title, please use the following links -
- Hypothesis Testing
- Customer Satisfaction
- Business Analytics
- Metrics and Measurement Systems
- Problem Solving Methodologies
- Improvement approaches.
- Distributions
- DFSS - Design for Six Sigma, Design methodologies and concepts
- Graphical techniques
- Statistical Process Control
- Project Management
- Root Cause Analysis
- Risk Assessment
- Lean Management, Lean Enterprise, Lean Manufacturing
- Problem Solving Laws, Theorems and Principles
- Process Maturity, Process Stability and Process Capability
- Productivity/ Efficiency Concepts and Tools
- Perfection/ Defect Free Outcome
- Agile Management
- Theory of Constraints
- Business Model, Simulation
- Creativity and Innovation, TRIZ
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