Why is it better to have a thin tail?

A fat, long tail affects your planning because the simple forecasting equations (such as Little’s Law and the use of regression to the mean) can`t be used with a fat-tailed curve because these equations use the mean value (the arithmetic average), and the concept of...

How to Read Lead Time Distribution

Having instrumentation data from your process doesn`t mean you now understand your lead time. Let`s explore how to read a lead time histogram and use this data in the communication with your client.   Step 1 – Building the Lead Time Histogram   Let`s start with...