A team has been formed with the goal of reducing the number of chemical suppliers. The team has found that the company purchases 27 different chemicals from 42 different suppliers. The best tool to use first to analyze these data would be a
A Pareto chart is an effective tool for prioritizing and identifying the most significant factors contributing to a problem or situation. In this case, the team’s goal is to reduce the number of chemical suppliers. By creating a Pareto chart, the team can visually represent the frequency or impact of each supplier. The chart will help them identify the critical few suppliers (the 20% that contribute to 80% of the issues) and focus their efforts on those suppliers. This approach aligns with the Pareto principle, which states that a small number of factors often account for a large percentage of the total effect. Once the team has identified the key suppliers, they can develop targeted strategies to address the issue and achieve their goal1.
References:
ASQ Certified Manager of Quality/Organizational Excellence
CMQ/OE Body of Knowledge
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