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Sunk costs are defined as costs that have already been incurred and cannot be recovered. Proponents of the sunk cost fallacy argue that since it is a cost paid in the past and unrecoverable, it should be removed from any future decision making.
Data collection has historically been completed manually. Before wireless gaging came onto the scene, staff would write down and physically log output data, a slow process with plenty of room for error.
As expressed in the blog 3 Functional Ways Risk is Critical to Quality Management by LNS Research, an organization’s approach to enterprise quality management should never remain stagnant.
The American Society for Quality (ASQ), along with many other organizations, define statistical process control (SPC) as the use of statistical techniques to control a process or production method.
There’s a long-lived adage in woodworking and carpentry—measure twice, cut once. As civilization grew and evolved from millions of years ago when primitive cutting tools were used to hunt and gather food, a need for more accurate cutting tools grew and evolved with it.
What do you call a leader with no followers? A guy taking a walk. It is a line from The West Wing that I often think about. Within the context of the scene and the character, it is a response to a potential loss of leadership.
Vaccines are being rolled out across the globe. The process is occurring faster in some areas than others, sure, but the fact that a vaccine is being distributed at all means that the worst is behind us and that everything will go back to normal. Right?