Continuous learning

Educational blog by Nikola Sretenovic

in Education

Process Cycle Efficiency and Little’s Law

The best measure of overall process health is Process Cycle Efficiency or short PCE, the percentage of value added time.  NOTE: Value added time is work that customer wants to pay and is desired by customer.  PCE = Value-add Time / Process Lead Time You can either measure process lead time directly by measuring time it […]
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Nikola Sretenovic
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Posted on January 10, 2021
in Education

DMAIC – Analyze phase [VIDEO]

The Analyze phase of DMAIC helps project teams identify problems in the production process that cause product defects. This phase of Lean Six Sigma methodology is loaded with tools to help spot the problems in the production process and to determine if these problems are the root causes of defects. Examine current process to figure out how it works. Your goal […]
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Nikola Sretenovic
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Posted on November 23, 2020
in Education

How to Forecast in Excel (step by step guide) [2020]

This excel video tutorial provides a step by step introduction into the forecast functions which can be used to predict a value of sale orders, population of birds on island or in general the estimated forecast in the future.
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Nikola Sretenovic
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Posted on August 17, 2020