...Basic Tools…………………………………………….. 3 3.0 Data Figures ………………………………………..…………………… 3 4.0 Histogram ..………………...…………………………………………………… 5 5.0 Process Control Chart ..………………………….…………………………… 5 6.0 Patero Analysis …………………………………………………………….. 8 7.0 Cause and Effect Diagram ……..………………..……………….……….……. 9 8.0 Trend Analysis ……………………………………………………………………11 9.0 Scatter Diagram…...……………………………………………..………………. 13 10.0 Conclusion…….…………………………………………………………..……... 15 THE SEVEN BASIC QUALITY TOOLS Project Risk, Procurement and Integration Management 1. INTRODUCTION The last two decades have been a period of tremendous turmoil and change in the business environment. Competition in many industries has become worldwide in scope, and the pace of innovation in products and services has accelerated. These changes in business environment have resulted in organisations attempting to transform themselves to become more competitive. Since the early 1980s, many companies have gone through several waves of improvement programs, starting with Just-In-Time (JIT), then moving on to Total Quality Management (TQM), Lean Production, Six Sigma and many other various management programs. Implementing these programmes would require tools for data collection, measure and monitor. There are seven quality control tools which are: * Data figures * Pareto analysis * Cause-and-effect * Trend analysis * Histograms * Scatter diagrams ...
Words: 3093 - Pages: 13
...CHAPTER-1 1.1 INTRODUCTION The textile sector played a very important role in many developed /developing countries. In Bangladesh this sector has also contributed as well as still contributing towards the development of the socio-economic condition of the general masses. Textile industry has made substantial progress and has continued to contribute to the national economy, both by reducing imports and increasing exports. The existing scenario of the textiles sector is presented below: • Textile sector contributes around 38% of the industrial value addition and earns about 75% of the total export earni9ngs of the country. • Around 4.5 million workforces are engaged in the textiles sector of which 50% are poor women. • In the 1990’s value addition in the RMG (ready made garments) was 20% which by now stands at around 45%. • Around 25% of the total demand of the woven fabrics for the export oriented RMG is supplied by the local weaving mills & the 40% of the fabrics requirements of the cotton woven RMG exports are met by local mills. • 90% of the domestic fabrics and yarn requirements are met by our primary textiles sector (PTS). [SOURCE: Page: 21, annual report 2005, BTMA]. The primary textile sector (PTS) is meeting the major demand of yarn & fabrics of the local markets. In addition to that a significant part of the demand of fabrics of export oriented RMG units is being met by the PTS. With gradual increase in population and expansion of trade...
Words: 15193 - Pages: 61
...comparative and ratio analysis. The use of multiple sets of data for comparison to detect trends is comparative analysis. Comparative analysis demonstrates trends within an organization. With continued use, Comparative analysis can identify diminishing trends through the use of quarterly data analysis. Ratio analysis also helps to establish trends, and make financial comparisons that assist management in making healthy financial decisions. Also, ratio analysis identifies strengths and weaknesses within an organization that allows management to make strategic decisions that benefit the success of the operation. According to Wiley (2013), “Information from financial statements can be gathered by examining relationships between items on the statements and identifying trends in these relationships” (Chapter 13). The relationships are numerically expressed in percentages or ratios, then trends can be recognized with a comparative analysis. With comparative analysis, the exact same data is provided for two or more different periods so similar data can be compared. Ratio analysis only provides a glimpse, due to the analysis being for a single given period. With comparative analysis a company can determine whether a trend is diminishing or growing from year to year and by what proportion. According to Lohrey (2015), “Comparative analysis is the item by item comparison of two or more comparable products, processes, alternatives, systems, sets of data, or qualifications”...
Words: 522 - Pages: 3
...the best methods of information management through the use of data warehouse concepts for the proposed Greenville School Hostel Management System. The result of literature review gives us information with regard to the research done on the topic by others researchers. Result of this review will be the gaps that are found in the existing works and the good features that can be suggested for the proposed system. A data warehouse is projected in a way that data can be stored and accessed and is not restricted only to tables and relational lines. (Fink, 1998) As the data warehouse is separated from operational databases, user’s queries do not cause any impact in these systems. Data warehouse is protected from any non-authorized alteration or loss of data. Data warehouse contemplates the base and the resources needed for a Decision Support System (DSS), supplying historic and integrated data. These data are for top managers, decision makers, and partners, donors – who need brief, summarized and integrated information – and for low-level managers, for whom detailed data helps to observe some tactical aspects of the organization. In this way, data warehouse provides a specialized. For a centralized database oracle will be used for storing details of data being brought from different hostel location of the organization and saved into single database using oracle database management system. (BI / DW Insider, 2011) 2.2 BACKGROUND The architecture of data ware housing includes...
Words: 2337 - Pages: 10
...Evolution of Information Systems (Relevant to AAT Examination Paper 8: Principles of Auditing and Management Information Systems) David Chow FCCA, FCPA, CPA (Practising) This article discusses the evolution of information systems, levels of management decision-making and information systems that enhance the value of information. Students are encouraged to understand the reasons for the development of an information system and its replacement; these will help you identify the benefits and limitations of each type of information system. From EDP to MIS Until the 1960s, the role of most information systems was simple. They were mainly used for electronic data processing (EDP),purposes such as transactions processing, record-keeping and accounting. EDP is often defined as the use of computers in recording, classifying, manipulating, and summarizing data. It is also called transaction processing systems (TPS), automatic data processing, or information processing. Transaction processing systems – these process data resulting from business transactions, update operational databases, and produce business documents. Examples: sales and inventory processing and accounting systems. In the 1960s, another role was added to the use of computers: the processing of data into useful informative reports. The concept of management information systems (MIS) was born. This new role focused on developing business applications that provided managerial end users with predefined management reports that...
Words: 1529 - Pages: 7
...BUSINESS INTELLIGENCE DATA MINING Business intelligence is a computerized technique used is searching, storing and analyzing useful business information (http://en.wikipedia.org/wiki/Business_intelligence). Business intelligence is an increasing strategy employed by many modern ventures, in the attempt to providing quick access to information and helps the business in making appropriate decisions. Holistic information on ones business environment is an important tool, since it does not only shows your past trend, but also prepares the firm for the future improvements. This sets a challenge in establishing the methods to source for the information, and how to use this information to improve a business position . Data mining is the sourcing of any hidden and predictive business information from a relevant database. It involves a thorough analysis of data gained from various sources, manipulating it into useful tool - a tool that leads to raising business revenue, saving on the running costs or both (http://en.wikipedia.org/wiki/Data_mining). Data mining tool incorporates analytical tools that helps build a useful predictive relationship. Data mining tools helps get answers as it scrutinizes data from different perspective to a precision, than any expert could do. Interplay of data mining process with software and hardware utilities is a big step in data analysis. The integration of artificial intelligence and databases heightens the data-mining goal as the information is translated into...
Words: 1904 - Pages: 8
...for the course CIS 500- Information Systems for Decision Making. Abstract: This paper will compare and contrast the application of information technology (IT) to optimize police departments’ performance to reduce crime versus random patrols of the streets. It will describe how COMSTAT as an information system (IS) implements the four (4) basic (IS) functions; and will discuss the fashion is which IT systems have made police departments more efficient in preventing and responding to crime. I will also explore the Strengths, Weaknesses, Opportunity , and Threats (SWOT) analysis. This is essential for police departments that intend to use the implementation of the new predictive policing. Introduction: For years, business have used data analysis to anticipate market conditions or industry trends and drive sales strategies. Police are using a similar data analysis tool to make their work more efficient. The idea is being called predictive policing. Predictive policing, in essence, is taking data from disparate sources, analyzing them and then using the results to anticipate, prevent and respond more effectively to future crime. COMPSTAT (COMPuter STATistics), an information system, uses Geographic Information Systems (GIS) to map the locations of where crimes occur, identify “hotspot”, and map problem areas. For predictive policing COMPSTAT has amassed a wealth of historical crime data. Mathematician have design...
Words: 1483 - Pages: 6
...that regardless the definition is a “means” to “end”, which sound business or organizational decision making, specifically in strategic planning and management. It also presents several important differentiation of Business Intelligence from data-centric technologies, and enterprise applications. It describes business intelligence architecture and its components. It identifies capabilities and benefits to be derive from it, barriers to its successful implementation, and critical success factors. It identifies BI software vendors, trends and forecast, and ethical considerations. It concludes with a conceptual framework that shows business intelligence as a process that produces intelligence necessary for strategic planning and management, that in turn results to a strategy that creates competitive advantages. This paper is an explorative and descriptive review of literature on Business Intelligence (BI). An exploratory research as the name suggests explores a problem or a situation with the purpose of defining an ambiguous problem. It is undertaken from the perspective of a student in management and of an IT “dummy”. Consequently, the review strategy is to look up the books first, underline terms that are unfamiliar to the reviewer and look them up in books or other resources accessible through the Internet. Sources of data are books, articles in journals, white papers and websites. The review concludes with the student’s conceptualization of business intelligence. Review...
Words: 7412 - Pages: 30
...and Container terminals , also a warehouse system, Gate control system, and Billing Invoice System, all these steps are the very first steps toward Monitor and control Day to day operation Jobs and tasks in ports, but it doesn’t make a big significance in boosting port performance , in order to take full advantages of these IT systems port authorities should implement Business Intelligence System as BI or EIS “Executive Information System” Combine Operation Data from all different department systems then calculate and analysis these Data into performance report , benchmarks, interactive dashboards showing High port management Executives where and when the performance boost or fail, in a another word BI is acting as Information Technology intended to be as Decision Support System for Executives to take the right decision at the right time saving a lot of cost and redirect wasted effort toward the right one , finally collecting in the big objective Port boosting performance. KEY WORDS: Boost Port Performance, Business Intelligence, Executive Information System, Alexandria Port, Damietta Port, Egyptian Ports Table of Contents: Contents Abstract 2...
Words: 1080 - Pages: 5
...financial condition of an organization is identified through data provided in formal records called financial statements. Financial statements provide an accurate account of a company’s financial position and cash flow of the business. Stakeholders used the data to make decisions regarding future purchases, investments, and profitability of the organization. Analyzing financial statements consists of using various methods (statistical tools) including comparative statements, schedule of changes in working capital, common size percentages (analysis), fund analysis, trend analysis, and ratio analysis. The purpose of this paper is to review the financial statements of one domestic, and one global organization from the Financial Times 500. The two companies for review are the McDonald’s and Samsung organizations. The data provided in the financial statements will convert into a ratio analysis. Common size analysis, and accounting analysis limitations are tools for review. The pros and cons of each of these statistical tools will also be discussed. To understand the importance of statistical tools, a review of ratio analysis, common size analysis, and accounting analysis limitation will be the starting point for this paper. Ratio Analysis Ratio analysis is the most powerful tool of financial analysis (Accounting for Management, 2012, para. 1) used to evaluate the significance of financial statement data. Ratio analysis is the calculation and comparison of ratios used to monitor...
Words: 2386 - Pages: 10
... The primary purpose of this essay is to comparatively analyze information disclosure of intellectual capital in the UK and China, using the content analysis method on company annual reports. In contemporary society, the importance of intellectual capital (IC) and the popularity of using IC to value a company’s competitiveness have been increasing. The definition offered by the Chartered Institute of Management Accountants (2001) is probably one of the most comprehensive definitions: “…the possession of knowledge and experience, professional knowledge and skill, good relationships and technological capacities, which when applied will give organizations competitive advantage.” Predicting a company’s future market performance is one of the key functions of IC information disclosure (Roslender and Fincham, 2004). Consequently, IC will have a significant role in the future value creation process. This study has some limitations, such as the small sample number, which has implications for how representative the data are. Ten companies in the respective stock markets were selected in the UK and China (total twenty) and content analysis was performed. A larger sample would have made the calculations too complex for the time available. The following paper reports the results of empirical research indicating that the trend of IC information disclosure is steadily increasing in both China and the UK, indicating that British companies had a better...
Words: 2711 - Pages: 11
...Abbreviated version of this report is published as "Trends in Computer Science Research" Apirak Hoonlor, Boleslaw K. Szymanski and M. Zaki, Communications of the ACM, 56(10), Oct. 2013, pp.74-83 An Evolution of Computer Science Research∗ Apirak Hoonlor, Boleslaw K. Szymanski, Mohammed J. Zaki, and James Thompson Abstract Over the past two decades, Computer Science (CS) has continued to grow as a research field. There are several studies that examine trends and emerging topics in CS research or the impact of papers on the field. In contrast, in this article, we take a closer look at the entire CS research in the past two decades by analyzing the data on publications in the ACM Digital Library and IEEE Xplore, and the grants awarded by the National Science Foundation (NSF). We identify trends, bursty topics, and interesting inter-relationships between NSF awards and CS publications, finding, for example, that if an uncommonly high frequency of a specific topic is observed in publications, the funding for this topic is usually increased. We also analyze CS researchers and communities, finding that only a small fraction of authors attribute their work to the same research area for a long period of time, reflecting for instance the emphasis on novelty (use of new keywords) and typical academic research teams (with core faculty and more rapid turnover of students and postdocs). Finally, our work highlights the dynamic research landscape in CS, with its focus constantly ...
Words: 15250 - Pages: 61
...Adverse Trend: Telecare Abandonment of Calls Cindy Roloff HCS/482 August 4, 2014 Lynn Bertsch Adverse Trend: Telecare Abandonment of Calls Utilization of data to resolve an adverse trend is a form of process improvement that has a basis in factual and representable information. Upon identification of an adverse trend, there must be relevant data collection to determine an etiology prior to taking action. Technology can assist with this search to expedite the improvement process. The purpose of this paper is to discuss applying technology to create an objective response to the adverse trend of abandoned calls in the Telecare clinical setting. Telecare Overview Telecare triage nurses manage symptom-based calls from patients at the Department of Veterans Affairs (VA) Outpatient Clinic incoming call center. Currently, there are seven nurses that staff telephone triage with a volume of approximately 250 to 300 calls per day. The office hours in Telecare are Monday through Friday from 8:00 a.m. to 4:00 p.m. with observance of all federal holidays. The Telecare nurse is responsible for answering calls efficiently at approximately 32 calls per day. The Telecare nurse triages symptoms from the patient and obtains urgent access to the clinic via an evidenced based triage program called Veteran’s Health Gateway (VHG). This program helps the nurse make clinical decisions per protocols and provides evidenced based education recommendations based on the triage disposition...
Words: 1459 - Pages: 6
...FINANCIAL STATEMENT ANALYSIS: A TOOL FOR PERFORMANCE EVALUATION A Case Study of Oceanic Bank By IBRAHIM UMAR PGA/09/07766 M.Sc. Assignment Submitted to Dr. M.I. Kida CNA Department of Accountancy University of Maiduguri 2Financial Statement Analysis: A Tool for Performance Evaluation Jan. 2010 3Financial Statement Analysis: A Tool for Performance Evaluation ABSTRACT Financial statements are prepared to meet external reporting obligations and also for decision making purposes. They play a dominant role in setting the framework of managerial decisions. But the information provided in the financial statements is not an end in itself as no meaningful conclusions can be drawn from these statements alone. However, the information provided in the financial statements is of immense use in making decisions through analysis and interpretation of financial statements. There are various methods or techniques that are used in analyzing financial statements, such as comparative statements, schedule of changes in working capital, common size percentages, trend analysis and ratios analysis. This study intends to analyze financial statement of Oceanic bank in Nigeria in order to come up with an in-depth fact finding on its performance and to see if there is any connection between the recent global economic crisis and its overall performance. 4Financial Statement Analysis: A Tool for Performance Evaluation INTRODUCTION 1.1 Background Financial statement represents...
Words: 5278 - Pages: 22
... (Hotel Management) Submitted by: Andreyan M. Solanoy Submitted to: Dr. Perlita Esrael (Professor) A SYSTEMATIC REVIEW OF KNOWLEDGE MANAGEMENT RESEARCH IN THE HOSPITALITY AND TOURISM INDUSTRY by Xu Cheng Bachelor of Art Guangdong University of Business Studies 2008 A thesis submitted in partial fulfillment of the requirements for the Master of Science in Hotel Administration William F. Harrah College of Hotel Administration Graduate College University of Nevada, Las Vegas December 201 Assignment in Basic Research Find a sample research article which is related to your field of specialization. (Hotel Management) Submitted by: Ma. Florina Teresa T. Tampos Submitted to: Dr. Perlita Esrael (Professor) Assignment in Basic Research Find a sample research article which is related to your field of specialization. (Hotel Management) Submitted by: Floven P. Laurencio Submitted to: Dr. Perlita Esrael (Professor) ABSTRACT A Systematic Review of Knowledge Management Research in the Hospitality and Tourism Industry by Xu Cheng Dr. Mehmet Erdem, Examination Committee Chair Assistant Professor of Hotel Management ...
Words: 7367 - Pages: 30
