Value stream mapping is a cornerstone of the Lean process improvement methodology, and also is a recognized tool used in Six Sigma. A value stream map illustrates the flow of materials and information as a product or service moves through a process. Creating a “current state” value stream map can help you identify waste and also makes it easier to envision an improved state for process in the future.
If you have a process that isn’t meeting specifications, using the Monte Carlo simulation and optimization tools in Companion by Minitab can help. Here’s how you, as an engineer in the medical device industry, could use Companion to improve a packaging process and help ensure patient safety.
At Process Excellence (PEX) Europe Spring 2018 there was a lot to learn as Continuous Improvement practitioners and leaders met to 'share and challenge everything you need to be a business of the future.' Here Minitab shares three key CI lessons that will help you to replicate success.
How do you commit to realistic forecasts and timelines when resources are limited or gathering real data is too expensive or impractical? Can simulated data be trusted for accurate predictions? That’s when Monte Carlo Simulation comes in. Check out this step-by-step guide.