Key components of e-commerce managed by the merchant (seller) include the products or services offered, the target audience, competitors, operational costs, and the online platform, which usually incorporates a payment gateway to facilitate transactions. Commonly known as a Payment Gateway (PG), this technology enables customers to securely complete transactions using…
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Formulae concepts of Lean Six Sigma
White Belt: The “Find-What’s-Wrong” Formula (DMAIC) Define: What’s the mystery? (What are we trying to fix?) Measure: How big is the mystery? (How often does the problem happen?) Analyze: Why did the mystery happen? (What causes the problem?) Improve: How can we solve the mystery? (What can we do to…
Driving organizational excellence using Lean Six Sigma Black Belt concepts
Black Belt concepts of statistical analysis along with project and change management are used in solving complex problems and leading significant projects. Such roles help fostering innovation and driving sustainable practices within organizations. Advanced Tools and Techniques: Statistical tools and methods (e.g., multivariate analysis, complex design of experiments, simulation…
Project Leadership through Lean Six Sigma Green Belt
Interesting concepts of Project Management are used extensively while implementing concepts of Green Belt. Apart from setting scope, timelines, resources lot of strategies related to Change Management are used to lead change within an organization. These approaches help address resistance and ensure stakeholder engagement. Advanced Tools and Techniques: Statistical…
Deeper understanding of Lean Six Sigma methodologies (Yellow Belt)
Process Improvement Strategies: DMAIC framework are used extensively to identify and solve problems more effectively. Value stream mapping, which offers a more detailed approach than basic process mapping to identify and eliminate waste. Kaizen Events are short-term improvement actions which help a lot in continuous improvement. Root Cause Analysis:…