Palisade Corporation Exhibiting at the ASQ Lean Six Sigma Conference

During these deteriorating economic times, it is more important than ever for organizations to be more vigilant about cutting costs and boosting the bottom line. An option is to instill a Lean and Lean Six Sigma culture when tackling projects to save money. The American Society for Quality (ASQ) is once again hosting the 2009 …

Monte Carlo Simulation: An Underutilized Six Sigma Tool

Lean Six Sigma projects are performed in many areas of business. There are a few that require an estimation of future performance when there is no chance to test or evaluate the new process. On February 26, Rick Haynes of SmarterSolutions  will share his expertise in a free live webcast that documents a case where …

Six Sigma’s Thirst for Information and Analytics

About Six months ago, Palisade started its Six Sigma Webinar series. We have had many experts in Six Sigma, Lean, and Design for Six Sigma give presentations on topics ranging from DFSS Design Optimization, Using Monte Carlo Simulation in LSS, to Creating a high performance culture. All of these webinar’s were hugely successful and highly …

Experts Share Best Practices for the New Year

Next week, one of the industry’s largest and best events will take place in Orlando, Florida. That is IQPC’s Lean Six Sigma Summit. Every year it is one of the few events that I look forward to attending. The IQPC does a great job gathering industry experts from around the world to share their thoughts, …

High Gas Prices . . . Unforgettable?

Just a couple of months ago when gas cost over $4/gallon, Americans were scrambling maximize their fuel economy and buying hybrid electric vehicles to save money, cut our dependency on foreign oil, and to save the earth. At that time, a very wise friend said, “Wait and see, gas prices will come back down and …

Monte Carlo Simulation Provides Advantages in Six Sigma

First of all, what is Monte Carlo simulation?Monte Carlo simulation is a computerized mathematical technique that allows people to account for variability in their process to enhance quantitative analysis and decision making. The technique is used by professionals in such widely disparate fields as finance, project management, energy, manufacturing, engineering, research and development, insurance, oil&gas, …

Sign of the Times?

This morning I received a couple of interesting emails. The first being from Vijay Bajaj, WCBF’s Founder&CEO. The second being from Michael Cyger, Founder of iSixSigma.  For those of you who may not be familiar with either organization, iSixSigma is one of the premier commercial organization that provides information and networking to the Six Sigma …

Six Sigma and Simulation

Today, I stumbled over a blog article Six Sigma and Simulation Part 2 written by Jeff  Joines, who is an Associate  Professor in Textile Engineering at NCSU.   He identifies the areas he feels that Monte Carlo simulation can be used in each of the phases of the DMAIC process.Define*Estimate cost savings for each project by …