SELECTED PROCESS IS THE PROCUREMENT PROCESS

Lean concept

For the procurement firm to enhance its efficiency, effectiveness and profitability, it has to concentrate on eradicating aspects of the procurement process that do not add value from the customers point of view. The wastes associated with the procurement process are lead time, overanalyzing of information from the suppliers and customers, over or under inventory and defected products, Tortorella and Marodin(2017).

SPC

(Cheng and Wang,2017)Statistical process control is a method that is used to monitor, control and improve the process by use of statistical analysis. Since purchasing for the purpose of redistribution is not as easy as it sounds since the procurement firm has to make sure the client gets the product they want when they want it therefore, application of statistical process control enables the firm to determine what products the clients are likely to order at a certain given time. This tool will reduces the amount of defects in terms of un demanded ordered products as well as reducing the purchase variance thus making more profit.

Parago Statistical Process Control Methods Process Evaluation Evaluate your process using 1 of the following: Use the lean concept to find ways to eliminate waste and improve the process SPC or Six Sigma to reduce defects or variances in the process Evaluation of Control Chart and Process Metrics Complete the following in Excel: Calculate the defined process metrics including variation and process capability. Develop and display a control chart for the process. Evaluate the control chart and process metrics using Statistical Process Control (SPC) methods Determine whether the process could benefit from the use of Six Sigma, Lean, or other tools. (Include all calculation and charts.) Executive Summary Write a 700-word executive sumoman thallincludes the followinen