Differentiate prevalent process improvement best practices and how to utilize them to eliminate or reduce waste.

Choose a concept and then find a BUSINESS current event related to it use and write about it.

concept: (choose one concept and business current event related to it’s use)
-Critical incident
– Pareto chart
-Cause and effect chart
– five whys analysis
-scatter chart
– relations diagram
-matrix diagram

Examine fundamental issues or wastes (non-value added activities) often discovered in current processes.
Assess various tools used to analyze and evaluate current process performance.
Explore methods used to collect further information to better formulate future improvement ideas and plans.
Differentiate prevalent process improvement best practices and how to utilize them to eliminate or reduce waste.