Statistical Process Control Turns Potential Problems into Valuable Opportunities

Imagine how nice it would be if you could predict the future, if you could make decisions with the confidence that you knew exactly what their consequences would be.

Unfortunately, we can’t predict the future. But we can get greater insight into the hidden patterns in processes and information that exist right now, and that can give us a much better idea of how to respond to potential problems before they become a reality. When we put what we learn from these insights to good use with an integrated EHSQ (environment, health, safety, and quality) management system, we can also unlock the potential for incredibly valuable financial opportunities.

Statistical process control (SPC) is a method traditionally associated with manufacturing. However, it can provide deep and valuable insight into any business or production process. SPC is a mathematical technique developed in the 1920s to monitor random processes and provide alerts when … Read more...