The first question we usually ask about lead times, inventory levels, critical dimensions, defective rates, or any other quantity that varies, is what it is “on the average.” The second question is how much it varies, but we only ask it if we get a satisfactory answer to the first one, and we rarely do.
Mar 17 2014
Averages in Manufacturing Data
The first question we usually ask about lead times, inventory levels, critical dimensions, defective rates, or any other quantity that varies, is what it is “on the average.” The second question is how much it varies, but we only ask it if we get a satisfactory answer to the first one, and we rarely do.
Continue reading…
Contents
Share this:
Like this:
By Michel Baudin • Data science • 8 • Tags: Average, Bill Gates walks into a bar, Critical Chain, Deming, ERP, Goldratt, mean, median, typical value