3 reasons to use quantitative tools for process optimization

The 3 reasons to use quantitative tools for process optimization are to be able to measure how the equipment optimization is, to measure the procedure optimization and to measure how well the company is controlling the production process. All 3 of these quantitative tools help minimize waste and help with optimizing the product.

In a competitive business world, businesses use process optimization in order to be more cost effective. It is necessary for the company to find control over the process, to optimize the equipment and procedures in order to become more cost effective. The best way to do this is to use quantitative tools.

The first reason to use quantitative tools for process optimization is to measure how the current equipment is meeting your standards of quality. The only way to find if the current equipment is performing at its best is to measure the output or data that the equipment produces. In addition, quantitative tools will allow measuring how fast the products are being produced from the equipment.

The second benefit of using quantitative tools for process optimization is to accurately measure how the procedures are performing. Making things automatic can really help your product, but this is only possible through use of quantitative tools. It is possible to produce things much faster when they are automatic, because it can be much more precise with low mistakes. For example, consider 2 round disks that need to be connected. At first, the employee makes one small hole so that a small screw can be put inside each hole to connect the 2 disks. A way to optimize the procedure and make it more cost effective would be to add tabs to the disks so the 2 disks will lock in place easily, making it easier to line up the disks together. This simple way of making a tab saves a lot of time and money for the company.

In addition, measuring how the procedures are doing can help analyze the product quality and have something to compare it to. Using quantitative tools will help in measuring how procedures are performing to figure out the costs involved.

The third advantage of using quantitative tools for process optimization is to be able to accurately control the process. For example, if a company can find a way to manufacture a VCR for less money than other companies, it will be more cost effective. The company can control how much it costs to make 1 VCR, but it can't control how many VCR's are sold.In order to control the process, there needs to be reliable and valid measurements. Measuring is a great way to control the product, which in turn will optimize it.

In closing, in today's business world, competition is everything. Companies need every advantage they can get. Each day costumers are demanding better products, in order to get the best value for what they paid for. The way to get ahead in the business world is to manufacture products at the lowest cost possible, or in other words by using process optimization. A way to measure how well the company is using process optimization is by using quantitative tools. This allows for the company to measure how well the equipment optimization, procedure optimization and control are performing for the company.