Optimizing Production
“There’s no magic medicine, no miraculous cure” – perfectly sums up the reality of production optimization.
KPIs: Shipped and On-Time vs. Individual Machine Metrics – Finding the Balance
Key Performance Indicators (KPIs) are critical for any operation, whether you’re managing a high-speed manufacturing floor or a logistics pipeline. However, choosing the right KPIs can sometimes feel like walking a tightrope. Should you focus on what gets shipped on time, a high-level outcome? Or should you drill down into individual machine performance, a granular […]
On average my average is pretty good. “The Fallacy of the Average of Averages”
When analyzing data, averages (or means) often seem like a straightforward way to summarize and compare information. However, there’s a subtle and frequently misunderstood mathematical pitfall known as the fallacy of the average of averages. This mistake can lead to misleading conclusions and flawed decision-making, especially in fields like business, education, healthcare, and data science. […]
