Control Charts are Like Heart Monitors for Your Business
Ever seen a heart monitor at a hospital? Control charts perform the same function with almost every aspect of your business.
“If you’ve ever been to a hospital, you may have noticed somebody hooked up to a heart monitor, and it’s going [gestures]. Right? So that monitors the heart rate of that patient, and you can tell if it’s getting crazy or it’s starting to trend down, which means you need a rapid response team to come in and make sure they’re not dying.
“So that’s the idea of a heart monitor, but that’s what a control chart is. It’s like a heart monitor for a hospital (or any other business).
Continue Reading "Control Charts are Like Heart Monitors for Your Business"
