Vishwadeep Khatri

Q 233. Overall Equipment Effectiveness (OEE) aims at eliminating 'The Six Big Losses' in any organization. What are these 6 big losses? Identify the ways in which these losses can be avoided? 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

Both Shashikant Adlakha and Sudheer Chauhan are winners for this questions. Congratulations to both! Please go through the answer by Benchmark Expert Venugopal as well.

Q 232. Quantile Regression estimates the median (or a particular quantile) whereas Linear Regression estimates the mean. What are some of the business scenarios where quantile regression would yield better results as compared to linear regression? 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

Sudheer Chauhan, Shashikant Adlakha, Sreyash Sangam, and Nilesh Gham - All published answers are winners too.

Congratulations to Sudheer, Nikhil, Jayaram, Shaily, Shashank and Shashikant for providing good valid answers. The winner for today is Shashikant Adlakha.

Q 231. Explain the term Bullwhip Effect as it relates to Supply Chain Management. How can it be avoided or overcome using Lean production principles? 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

Q 230. Halfway through the project, the project manager realizes that the project will not be able to meet the project completion deadline. Fast tracking and Crashing are two project management techniques that the manager could deploy to ensure timely completion. Highlight the characteristics and usage of each technique by providing suitable examples 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

Q 229. "Quality Assurance" and "Quality Control" are often used interchangeably. However, these two terms are not same. Discuss the difference between the two with relevant examples. 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

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

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.

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.

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

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

Having provided three good examples, Dr. Shashikant Adlakha is the winner today. Please have a look at Expert View (Venugopal's respose) too.

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

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.

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

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