What is Process Capability? Process capability measures how well the process performs to meet a given specified outcome. It indicates the conformance of a process to meet given requirements or specifications. Capability analysis helps to better understand the performance of the process with respect to meeting customer’s specifications and...

SAP’s sales and distribution function is part of the logistics area. The module contains processes that help a company integrate with its customers.Sales & Distribution (SD) is one of the main and most used modules of SAP R / 3 products alongside the Financial (FI), Controlling (CO), Material Management (MM) and Production Planning (PP)...

What is SAP Financial Accounting (SAP FI)? SAP Financial Accounting (SAP FI) module is the backbone of SAP accounting as it records financial transactions of all movements of goods, services and all other business transactions between the company and its customers and vendors. SAP FI application represents from an accounting perspective a...

Importance Of Data Visualization Data Visualization is one of the most important parts of data analysis. It has always been important to present the data in an understandable and visually appealing format. Data visualization is one of the skills that Data Scientists have to master in order to communicate better with the end users. Data is...

Training Programs involve significant investment in terms of time and money. Therefore, measuring the ‘Return on Investment’ of training becomes critical. Evaluating the effectiveness of your corporate training programs through scientifically validated techniques is called Training Effectiveness measurement. To evaluate the Training...

In Microsoft Excel, charts are used to make a graphical representation of any set of data. A chart is a visual representation of data, in which the data is represented by symbols such as bars in a bar chart or lines in a line chart. Creating charts How to Create a Chart in Microsoft Excel After you've chosen your chart type and selected...

The business analyst (BA) role has become essential in today’s workplace as a vital component of a successful project. The business analysis field has been accelerating at a rapid pace, and this acceleration has caused some understandable growing pains. Among the challenges are a lack of standardization, inconsistent terminology across...

    In statistical process control (SPC) charting, we use the A2 and E2 constants to calculate control limits for an Average (X-bar chart) and Individuals charts. But where do the A2 and E2 constants come from? Let’s look at the following example, for an X-bar chart, that will explain how we derive the A2 constant. The...

Developed by Mikel Harry and Bill Smith, Motorola.Motorola was amongst the first recipients of the Malcolm Baldrige Award.National Quality Award in 1988. Throughout its history and evolution, Six Sigma turned into a business driven, multi-dimensional structured approach to reinforce Business Strategies into various aspects such...

Data Science and Data Analytics are two most trending terminologies of today’s time. Presently, data is more than oil to the industries. Data is collected into raw form and processed according to the requirement of a company and then this data is utilized for the decision making purpose. This process helps the businesses to grow & expand...