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Vishwadeep Khatri

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About Vishwadeep Khatri

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    Advanced Member

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  • Name
    Vishwadeep Khatri
  • Company
    Benchmark Six Sigma
  • Designation
    Founder CEO

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  1. Q 228. Fraud is causing organizations losses worth billions of dollars annually. What are some of the tools and mechanisms that help organizations detect and prevent frauds? Note for website visitors - Two questions are asked every week on this platform. One on Tuesday and the other on Friday. All questions so far can be seen here - https://www.benchmarksixsigma.com/forum/lean-six-sigma-business-excellence-questions/ Please visit the forum home page at https://www.benchmarksixsigma.com/forum/ to respond to the latest question open till the next Tuesday/ Friday evening 5 PM as per Indian Standard Time The best answer is always shown at the top among responses and the author finds honorable mention in our Business Excellence dictionary at https://www.benchmarksixsigma.com/forum/business-excellence-dictionary-glossary/ along with the related term
  2. Very good answers by Manish Gupta, Dr. Shashikant, Mohamed Asif, Shaily, and Saravanan S. The best answer by the means of being "to-the-point" and "well-structured" is that of Mohamed Asif and he is the winner for this question.
  3. There are 5 winners this time - Shaily Saravanan S Deepak Pardasani Mohamed Asif Shashikant Adlakha Answers from Anshu Goel and Sudheer Chauhan are also acceptable.
  4. Q 227. As per Toyota's philosophy we must build a culture of stopping the operations to fix the problem rather than just going ahead with the intention of fixing it later. However such an approach adversely impacts productivity in the short term. Easier said than done, what are the planning aspects needed in any company to benefit from this stop-the-line philosophy? Note for website visitors - Two questions are asked every week on this platform. One on Tuesday and the other on Friday. All questions so far can be seen here - https://www.benchmarksixsigma.com/forum/lean-six-sigma-business-excellence-questions/ Please visit the forum home page at https://www.benchmarksixsigma.com/forum/ to respond to the latest question open till the next Tuesday/ Friday evening 5 PM as per Indian Standard Time The best answer is always shown at the top among responses and the author finds honorable mention in our Business Excellence dictionary at https://www.benchmarksixsigma.com/forum/business-excellence-dictionary-glossary/ along with the related term
  5. Q 226. During brainstorming sessions, members sometimes converge to a solution without speaking up their minds. This leads to poor decisions many a times. What are the strategies to avoid this phenomenon of Groupthink? Note for website visitors - Two questions are asked every week on this platform. One on Tuesday and the other on Friday. All questions so far can be seen here - https://www.benchmarksixsigma.com/forum/lean-six-sigma-business-excellence-questions/ Please visit the forum home page at https://www.benchmarksixsigma.com/forum/ to respond to the latest question open till the next Tuesday/ Friday evening 5 PM as per Indian Standard Time The best answer is always shown at the top among responses and the author finds honorable mention in our Business Excellence dictionary at https://www.benchmarksixsigma.com/forum/business-excellence-dictionary-glossary/ along with the related term
  6. Having provided three good examples, Dr. Shashikant Adlakha is the winner today. Please have a look at Expert View (Venugopal's respose) too.
  7. Q 225. As per Nash Equilibrium, one cannot predict the result of the choices of multiple decision makers if one analyzes those decisions in isolation. Instead, one must ask what each player would do, taking into account the decision-making of the others. What is the practical utility of Nash Equilibrium in Organizational Decision Making? Note for website visitors - Two questions are asked every week on this platform. One on Tuesday and the other on Friday. All questions so far can be seen here - https://www.benchmarksixsigma.com/forum/lean-six-sigma-business-excellence-questions/ Please visit the forum home page at https://www.benchmarksixsigma.com/forum/ to respond to the latest question open till the next Tuesday/ Friday evening 5 PM as per Indian Standard Time The best answer is always shown at the top among responses and the author finds honorable mention in our Business Excellence dictionary at https://www.benchmarksixsigma.com/forum/business-excellence-dictionary-glossary/ along with the related term
  8. Excellent Answers. Ajay Sharma, Saravanan, Shashank Parihar, Sudheer Sharma, Shashikant Adlakha, and Mohd Asif have explained each term clearly. I liked the response by Nilesh Gham themost as he has explained the reason for the sequence simply and clearly. Today's winner is Nilesh Gham.
  9. Q 224. If the data is not expected to be normally distributed, median is used to indicate performance. Provide as many diverse examples as you can to indicate metrics where median is commonly used. Note for website visitors - Two questions are asked every week on this platform. One on Tuesday and the other on Friday. All questions so far can be seen here - https://www.benchmarksixsigma.com/forum/lean-six-sigma-business-excellence-questions/ Please visit the forum home page at https://www.benchmarksixsigma.com/forum/ to respond to the latest question open till the next Tuesday/ Friday evening 5 PM as per Indian Standard Time The best answer is always shown at the top among responses and the author finds honorable mention in our Business Excellence dictionary at https://www.benchmarksixsigma.com/forum/business-excellence-dictionary-glossary/ along with the related term
  10. Q 223. Resolution, Bias, Stability, Linearity and Precision are the five things that are checked while performing Gage R&R. What is the order in which these 5 things are to be checked? Note for website visitors - Two questions are asked every week on this platform. One on Tuesday and the other on Friday. All questions so far can be seen here - https://www.benchmarksixsigma.com/forum/lean-six-sigma-business-excellence-questions/ Please visit the forum home page at https://www.benchmarksixsigma.com/forum/ to respond to the latest question open till the next Tuesday/ Friday evening 5 PM as per Indian Standard Time The best answer is always shown at the top among responses and the author finds honorable mention in our Business Excellence dictionary at https://www.benchmarksixsigma.com/forum/business-excellence-dictionary-glossary/ along with the related term
  11. Vishwadeep Khatri

    Oct-Dec 2019

    This album contains Benchmark Six Sigma Training Photographs from October to December 2019.
  12. We all wish a very Happy and Prosperous New Year 2020 to all Bench and Mark viewers! While Bench makes a wish about what is controlled by others, Mark wants to focus on what he can do. Being able to apply what has been learnt and to learn more of what is application oriented seems a wise.
  13. Q 222. The "Will Rogers phenomenon" is obtained when moving an element from one set to another set increases the average of both the sets. What are the practical implications of this phenomenon in Business? How can it be used for business benefit? Note for website visitors - Two questions are asked every week on this platform. One on Tuesday and the other on Friday. All questions so far can be seen here - https://www.benchmarksixsigma.com/forum/lean-six-sigma-business-excellence-questions/ Please visit the forum home page at https://www.benchmarksixsigma.com/forum/ to respond to the latest question open till the next Tuesday/ Friday evening 5 PM as per Indian Standard Time The best answer is always shown at the top among responses and the author finds honorable mention in our Business Excellence dictionary at https://www.benchmarksixsigma.com/forum/business-excellence-dictionary-glossary/ along with the related term
  14. Q 221. Internal Rate of Return (IRR), Net Present Value (NPV) and Return on Investment (ROI) are the most common financial metrics used for comparing investments and their value. Each metric provides a different perspective and hence one is preferred over the other. Compare their characteristics and highlight situations (for each) where one is preferred over the others. Note for website visitors - Two questions are asked every week on this platform. One on Tuesday and the other on Friday. All questions so far can be seen here - https://www.benchmarksixsigma.com/forum/lean-six-sigma-business-excellence-questions/ Please visit the forum home page at https://www.benchmarksixsigma.com/forum/ to respond to the latest question open till the next Tuesday/ Friday evening 5 PM as per Indian Standard Time The best answer is always shown at the top among responses and the author finds honorable mention in our Business Excellence dictionary at https://www.benchmarksixsigma.com/forum/business-excellence-dictionary-glossary/ along with the related term
  15. Whether we want to improve mean or reduce variation first is entirely dependent on the expectations from process, the current situation and the cost-benefit analysis. Let us see some scenarios - If specification limits are one sided and shift in mean is easier and cheaper, it makes sense to shift mean. If specification width (tolerance) is small, it will make sense to reduce variation first as just the shift of mean will not provide a consistent outcome over time. If specification width (tolerance) is large, shifting mean (if feasible and low cost) may be sufficient and reducing varion may not be needed.
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