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Pareto analysis

Pareto analysis: Problem Solving Techniques
Pareto analysis: Problem Solving Techniques

If you have multiple problems tackle the biggest problem first, and if there are multiple causes of a problem, tackle the biggest cause first. There will be 80% of the cost coming from 20% of the problems, so tackle that key 20% first—it's not 4x as powerful; it's actually 16! This applies to costs, waste, breakdowns, customer service issues, lateness and sickness, cost of stock, time wasters, and virtually everthing.

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Skill Level Beginner
1h 32m
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Skills covered in this course
Business Business Skills

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