Purpose of Assignment The purpose of this assignment is for students to learn how to apply Statistical Process Control Methods to a business process. Resources Microsoft®Excel®and PowerPoint®...

Executive Summary
Management of operations in an organization deals with business processes and practices strongly focused to ensure highest efficiency and improving profitability. Operation management includes administration of resources from employees to equipment and involves technology as well. Along with proper administration operation, management takes care of converting the inputs to efficient and effective outputs on a tactical level as well as on a strategic level. Concept of operation management aims in extracting the maximum out of the present resources in the organization for instance, employee - are they performing to the best of their capability and creating value, technology - whether technology is leveraged for producing highest efficiency, equipment and tools provided are really helping the employees to be more productive or not. Indeed, Statistical Process control in operation management is one of the fundamental areas that drive success of the organization and contributes to the bottom-line.
Statistical Process Control
Statistical process control is a process of applying checks and milestone to ensure quality of a product or service is achieved as per the expectation of business and goals defined by the operations. Controlling quality employs statistical procedure to monitor and control a process. By the virtue of different SPC methods functions and different operations in the business runs efficiently and effectively. Every organization I know, either has a continuous improvement culture or aspires to have a culture that strives for excellence. As people working in corporate have experienced a business is never about one moon wonders rather replicating behavior that adds value and contributes to success primarily in enhancing the bottom-line. Now, with time certain sets of behavior, actions, and processes required to evolve, since external forces are constantly changing. Your customers might have more options to choose from or the differentiation of your product and service might have blu
ed etc. Therefore, any strategic business partner would concentrate on developing a culture that consistently improves the process, systems, and procedures in place.  .
The control diagram is a chart used to concentrate how a procedure changes after some time. Information are plotted in time request. A control graph consistently has a focal line for the normal, an upper line for the upper control limit, and a lower line for the lower control limit. These lines are resolved from recorded information. By contrasting cu
ent information with these lines, you can make inferences about whether the procedure variety is predictable (in...