White Belt | Ep5 | Wall Paint, Construction Industry & Pareto Chart | 7QC Tools
EPISODE 5: WALL PAINT, CONSTRUCTION INDUSTRY & PARETO CHART | WHITE BELT | SEVEN BASIC TOOLS OF QUALITY
Here's episode 5 of the PRACTICAL APPLICATIONS OF THE SEVEN BASIC TOOLS OF QUALITY. This episode is focused on the third of the Seven Basic Tools of Quality: PARETO CHARTS. The Seven Basic Tools of Quality are simple yet powerful tools that help streamline any business process. Understanding these Seven Basic Tools of Quality by every employee in an organization is a must for employee's personal success and the organization's success too.
Here's the link to download the data discussed in this video: https://www.dropbox.com/s/tkdwcduili7...
0:00 Introduction
1:12 What is a Pareto Chart?
1:49 Real-Life Problem Description
2:36 Pareto Chart on Excel
3:26 Inference
4:51 Conclusion
The Seven Basic Tools of Quality is one of the most used sets of Quality tools across all organizations. You will find several YouTube videos explaining each of the Seven Basic Tools of Quality tool and showing you how to perform these Quality tools in Excel. But your success is NOT JUST dependent upon KNOWING how to CREATE these Basic Tools of Quality in Excel. Your success is REALLY dependent upon how effectively you use this knowledge of the Seven Basic Quality Tools in real-world situations.
My name is Rahul Iyer, and in this YouTube video series, I will showcase the use of these Quality tools in real-world practical scenarios. We will discuss at least two examples of Stratification, Histogram, Pareto Charts, Scatterplot, and Control Charts each in the entire series. Fishbone Diagram and Check Sheets are non-numerical tools. Hence, they are not included in our discussion. In today's episode, you will go through the real-life example of the second Seven Basic Tool of Quality: the PARETO CHART.
What is a Pareto Chart?
A Pareto Chart helps identify those 20% causes that have 80% effects. It is a root cause analysis tool. It follows the famous 80:20 rule, which states that 80% of the world's wealth is with 20% people.
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