Methods
The 7 Tools Of Quality
They are very basic tools that help the management and quality specialists stabilize processes, enhance the quality level, identify nonconformities, vizualize the status and so on. The 7 tools of quality represent basic methods for lasting improvement in processes.
The Pareto Analysis
Pareto analysis - a method that helps to set priorities for addressing the root problems of the company. V. Pareto defined that 80% of the effect is caused by only 20% of the causes. If we want to eliminate 80% of the losses, focus activities only predefined problems in the range of 20%.
Dictionary
Pareto optimum
Pareto optimum shows balanced state of society in which no individual or group can no longer achieve a better position without that would in turn worsen the position of someone else.
Pareto Principle
Vilfredo Pareto, Italian economist define Pareto principle. He found that 80% of assets in Italy is held by 20% of the population. Pareto principle reads 80% effect is caused by only 20% of the causes. If we want to eliminate 80% of the losses, focus activities only predefined problems in the range of 20%.