Decision Making for Leaders: Leveraging Data – eBook

Getting Started in Extracting Insights from your Organization’s DataWhat you’ll learnHow to use your organization’s data to make better decisionsThe nature and sources of variation in business dataCommon cause versus special cause variationHow to calculate and use a capability indexHow to start making statistically confirmed decisionsAn overview of Designed ExperimentsTypes of hypothesis errorsHypothesis testing stepsT tests and Z testsOne way and two way ANOVAAn overview of Design of Experiments (DOE)An understanding of leading and lagging indicatorsThe 10 steps toward building a Quality Operating System (QOS)QOS examples in manufacturingExcel-based, downloadable spreadsheetsRequirementsBasic understanding of math, manufacturing, and businessA desire to take your decision making skills to the next levelDescriptionIf you are a manufacturing professional looking to advance your data analysis skillset so that you can advance your business career, then this is the class for you!! In this second course in its series course, “Decision Making for Leaders: Leveraging Data”, you will learn beginner and intermediate level skills from 3 important areas of business data analysis:Understanding and Analyzing Data VariationMaking Statistically Confirmed DecisionsUtilizing Leading and Lagging Indicators to Monitor Business ProcessesEach of these sections are “bite sized” lessons that a busy professional can watch in one or two lunch breaks or evenings.In the first section, Understanding and Analyzing Data Variation, you will learn:The value of visualizing your data on a time-based run chartHow to calculate control limits as a means of characterizing the normal range of your processHow to use Cpk as a business indicatorIn the second section, Making Statistically Confirmed Decisions, you will learn:How to use intermediate level statistical tools like t tests, z tests and ANOVA to make better business decisionsAn overview of Design of Experiments (DOE) as a mean of validating your improvementsAn introduction to more advanced DOE concepts like fractional factorial and Taguchi methodsAnd in the third section, Utilizing Leading and Lagging Indicators to Monitor Business Processes, you will learn:The value of both leading and lagging indicators in monitoring your business processesReal life examples of both types of indicatorsConnecting leading and lagging indicators for greater business successIf you are going to be successful in business or operations, you must know how to extract useful insights from the data your organization is producing. Complement your managerial and people skills today with “Decision Making for Leaders: Leveraging Data”, and take your career to its next level.See you in class!!Who this course is for:Manufacturing managers and supervisorsQuality managers, engineers and techniciansSupply chain managers and analystsIndustrial engineers and manufacturing engineers