According to the Wikipedia, “A Pareto chart, named after Vilfredo Pareto, is a type of chart that contains both bars and a line graph, where individual values are represented in descending order by bars, and the cumulative total is represented by the line.” A related Wikipedia article on the 80/20 Rule states that “It is a common rule of thumb in business; e.g., “80% of your sales come from 20% of your clients.”
DIY Your Own Process Improvement
2020 has been one heck of a year! Is your company among the many who have realized that it is time to reconsider your operational and communication processes across your organization? There are pros and cons to both hiring a consultant and “doing it yourself” (DIY) when it comes to Process Improvement. Here are somethings/areas for consideration …