Measure system analysis
The project is about the cycle count process (Zollinger, 2019). The cycle count process needs to be measured, and we are going to be looking at how you can be able to do so. We find that the most common way of measuring the cycle count is by looking at the number of pieces that are being produced per hour. This will help to know the number of products that are being produced, and it will be really helpful to keep track when the number of products increases. This is just the common way that most people use; we will be looking at the other methods and see how they also work and how they are helpful in measurement system analysis.
Trend chart
The trend is useful in the cycle count as it is used in identification and confirmation. The trend uses a line that is mostly used to connect two or even more price points. The line then extends into the future to act as a line of support or as resistance. The trend has two lines, that is the upper trend line and the down trend line. The upper trend line is commonly known for connecting two or more low points. We must understand that for the line to be considered as a valid line of the trend that three points must be considered. He upper trend lines help to know when the net demand is increasing and also when the profit is increasing; when the net demand and the profit are increasing, it shows that the buyers are really determined. The upper trend line is only considered solid and intact if only the profit line remains on top of the trend line.
The downtrend line is only defined when two or more high point lies are connected. Unlike the upper trend line, the second high line is expected to be lower than the first high trend line. The downtrend is important as it is responsible for showing that the net supply is increasing as much as the prices are declining. When the net supply, together with the declining prices when they are put together, it shows the strong resolve of the sellers. The downtrend line is said to be solid and intact as long as the prices remain below the down trend line. If the down trend line has a break, this only indicates that the net supply is decreasing.
Defect opportunities defined
This is the number of defects that are found in the products that have been produced. The importance of the defect opportunities is that they help know the total number of defects that occur in the total number of opportunities in a sample group. Defect opportunities are calculated in the following ways; the first step is knowing the number of products that will be sampled. On the other, the products do not need to be many as they have to be manageable so that the wok can be made easier. The next step is determining the number of defects that are present in the products. The following methods are the ones that are used to help in the second step; the first method is coming up with a list of defects that the customers are likely to come up with. The second method is being able to know how something can go wrong but not in the usual way. The third method is you must be able to focus on a routine. The fourth method, which is also the last method, is having to put the defects that are related in one category.
The third step that is used in calculating the defect is knowing the number of defects that are available in that one product that you were working on. The next step is counting the number of defects in the whole product and noting it down. The last step is taking the number of defects that you have been able to identify in the product and dividing it with the product that you are having. And that is, the cycle count is calculated under defect opportunity defined.
Histogram
They are just graphs which are used to display continuous data. The histograms are only used when there is a continuous measurement that has been going on. The graphs that are used in histogram take the continuous measurement, and they later turn them into a range of values that are known as a bin. Histograms are also used to understand where the center of the data is. Knowing the center of the data is very important as when one of the sides is increasing or decreasing, it will be reflected, and from there, it will be very easy for you to notice. The center data value may be the same, but the vulnerability of the two is the one that will be different, which is also noted in the histogram graph and is also helpful. It also helps in sowing values are more, and which one is less, this comes together with their dispersions. Histograms are used so that they help in identifying the distributor. Histograms are very educative, and they are really helpful when it comes to cycle counts and many more.
Statistical process control
They can be defined as the processes that are used to control the process or even the production method. To be able to control the production method, there are some of the tools which are used. We are going to be looking at the most popular tool which is used in this case. The popular tool is the control chart, which is very useful as it helps you note even when there is a small change, whether it is an increase or even decrease, you will be able to be notified. The control chart also helps differentiate the two types of process variations that are the common cause variation and the special cause variation.
Capital analysis
It is used to analyze the long term investments that have been used and also the ones that are likely to be used (Ilesanmi, 2017). It helps you to be able to know the investment that will have a high return if invested upon. The capital analysis is considered to be risky as most of the investments will take time to pay for themselves. When using the capital analysis, the following will be required from you; the first thing is the net present value; this is important as it will help in determining how much the revenue will be worth and whether the cash flows are enough to cover the investments. The second thing is the discounted cash flow, this is where the preset cash flow is calculated, and at the same time, it is subtracted from the initial investments. This is where the discount rate is used.
Hypothesis testing
When assumptions are made about a particular parameter, then they are tests by an analyst, and that is what is called a hypothesis testing. Hypothesis testing involves four steps, which are as follows; the first step is that two hypotheses can be started so that one of them can be the one chosen which must be right. The second step is coming up with an analysis plan that will help to evaluate the data. The third step is carrying out the plan and analyzing the data. The fourth step, which is the last step, is analyzing the results, and by doing this, you will be able to know whether to accept or reject the hypothesis (Huang, 2019).
Improve and analysis
System dynamics
It can be defined as a high-level method of modeling (Alefari, 2018). It helps to build understanding. We are going to look at how the system dynamics is approached. The first step is if there is a problem beginning with it, this is done by involving the stakeholders who have a better understanding and the actions that are required in case of any change. The second thing is being able to define the problems; by this, we mean that you can use the data that you have to define the problem. The third thing is identifying the key variables which are necessary for the problem. The system dynamics range from the individual items or those of the agents. The fourth thing is testing the structural and behavior of the model. The last step is working with the stakeholders.
Solution selection matrix
When a solution has been proposed, the solution selection matrix provides a positive impact that is required (Zhang, 2018). It is also a way in which when there is a problem, a solution has to be found and to do this, you are required to sketch out your problem so that when finding the problem, it can be easy for you to do so. For you to be able to draw the solution selection matrix diagrams.
Error proofing
It can be defined as the use of an automatic device so that the error can be easily identified so that it can be corrected immediately. Error proofing is important as it helps in avoiding damages, non-uniformity, rework, and wastage due to human intervention. Errors proofing reading methods are used in the following scenarios; one is when there is human error, and it depends on somebody’s skill and experience. The second thing is to avoid customers from making mistakes themselves. When something can be avoided in the earlier stages so that we can be able to avoid more significant problems. And finally, when a large group of people is involved in making an output.
Corrective action matrix
It is mostly used to track who is doing what and at what time. This helps to know the people who are doing what they are not supposed to be doing and many more. Using the corrective matrix, you need to be using the following key essential headings in the drawing; the first one is reference number, action, champion, target date, effectiveness, and finally, current statues. These are really helpful when it comes to drawing the corrective matrix.
References
Alefari, M., Barahona, A. M. F., & Salonitis, K. (2018). Modeling manufacturing employees’ performance based on a system dynamics approach. Procedia CIRP, 72, 438-443.
Huang, G., Zhang, Z., & Yang, W. (2019, May). Outlier Detection Method based on Improved Two-step Clustering Algorithm and Synthetic Hypothesis Testing. In 2019 IEEE 8th Joint International Information Technology and Artificial Intelligence Conference (ITAIC) (pp. 915-919). IEEE.
Ilesanmi, K. D., & Tewari, D. D. (2017). Energy consumption, human capital investment, and economic growth in South Africa: a vector error correction model analysis. OPEC Energy Review, 41(1), 55-70.
Zhang, X., & Su, J. (2018). An integrated QFD and 2-tuple linguistic method for solution selection in crowdsourcing contests for innovative tasks. Journal of Intelligent & Fuzzy Systems, 35(6), 6329-6342.
Zollinger, C. (2019). U.S. Patent No. 10,430,758. Washington, DC: U.S. Patent and Trademark Office.
