Tag: Six Sigma
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Just-in-Time
Originating in Japan, the Just-in-Time (JIT) methodology emphasizes the timely delivery of goods and services. By aligning production with real-time demand and advocating for minimal inventory, JIT promotes efficiency across various sectors.
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Pareto Principle
The Pareto Principle articulates that a select few causes often yield a majority of results. This rule of thumb, rooted in wealth distribution observations, provides a framework for efficiency across various fields. Despite its broad applicability, it remains a guiding heuristic, not an absolute law.