Improving Sales Through Better Pricing
Earlier pricing policies were based mostly on supply and demand, but due to increased competition, pricing has gradually shifted towards providing value to customers. With the help of Six Sigma statistical tools, price analysts can make accurate predictions about the level of interest shown in a product or service that is […]
Conducting hypothesis testing is necessary because in most Six Sigma quality improvement projects, a lot of money is at stake and if unproductive changes are made, it could seriously affect both the company’s finances as well as its productivity. To avoid such undesirable situations, businesses need to test the efficacy of the proposed changes with […]
The Kano model reflects different customer satisfaction levels in varied scenarios, such as when only the basic needs of customers are met, when some extra features or services are provided within reasonable costs and when something is offered that is well beyond the imagination or expectations of the customer.
In the first scenario, the Kano model […]
QFD provides the essential link between customer requirements and the available technology required for developing optimized products and services that best suit customer needs and expectations. By using QFD, businesses can now easily make use of existing technology - or even use a completely new technology - for designing and developing products or services without […]
A project manager is one, who looks into the application of knowledge, skills, tools, and techniques to describe, organize, oversee and control the various project processes. Having said that, the roles and responsibilities of a project manager differ from company to company. It is important to understand what role a particular project manager will play […]