The truth about business success?

the truth about business success

Numbers don’t lie!

When it comes to analyzing performance and making plans for the future, business owners and executives need information they can count on. And two proven methods for harnessing the power of information are Applied Business Statistics and Lean Six Sigma.

Now you can access these same techniques used by billon dollar companies, thanks to a new resource specifically designed for small-to-medium-sized organizations. Is it really worth the effort to learn these methods? Read on — and decide for yourself.

Applied Business Statistics.
Sure, it doesn’t sound very sexy. But organizations ranging from NASA to Amazon and Google depend on data to be successful. Now, thanks to an applied approach to statistics for business, small and medium size enterprises can launch themselves to the next level…and the next. We’ll share details in a moment. But first, here are just a few of the many practical reasons businesses lean on applied business statistics:

  • Shipping department analysis
  • Supply chain analysis
  • Staff wages and performance
  • Product pricing decisions
  • Marketing analysis
  • New product research and development
  • Website analytics
  • Inventory analysis and control
  • Consumer spending pattern analysis
  • Capital budgeting analysis
  • Conversion analysis
  • Demographic analysis
  • Sales funnel analysis
  • Manufacturing defect probabilities
  • Future sales forecasting
  • Price elasticity analysis
  • Consumer satisfaction survey analysis
  • Bespoke statistical equations for the firm’s individual application.
And there are countless other applications – If you need to solve a problem, it’s almost certain that statistical analysis will lead you to an informed decision.

As your business organization grows in its statistical competencies, you will create customized methods of analysis based on your specific business needs. This methodology is called Design and Analysis of Experiments.

Let’s see how the advantages are baked in.

Let’s see how the advantages are baked in
The ABC Baking Company mass produces cookies, and it wants to perfect the ingredients and baking methodology, (this can be applied to any product with ingredients and/or manufacturing methods). The company wants to learn how to produce the best cookie:

Recipe 1
Ingredient ABC – 10 grams
Ingredient DEF – 30 grams
Ingredient XYZ – 100 grams
Baking Time – 26 minutes
Oven Temperature – 325 degrees

Recipe 2
Ingredient ABC – 17 grams
Ingredient DEF – 33 grams
Ingredient XYZ – 110 grams
Baking Time – 22 minutes
Oven Temperature – 350 degrees

This type of experiment would be analyzed statistically and would show which combination would produce the best cookie. The results could determine that the recipe for the best cookie as:

  • Ingredient ABC – 17 grams
  • Ingredient DEF – 30 grams
  • Ingredient XYZ – 100 grams
  • Baking Time – 22 minutes
  • Oven Temperature – 325 degrees
Design and Analysis of Experiments are the way that Applied Business Statistics are used for customization, to fulfill the specific and individual needs of any firm, large or small.

You’ll receive a complete education about Applied Business Statistics, plus dozens and dozens of real-world examples, in a brand new publication – The Journal of Applied Business Statistics. But that’s just one way the Journal can help your enterprise become more successful and profitable. Next, let’s touch on another information super-power – Lean Six Sigma.

Lean Six Sigma
Lean Six Sigma (LSS) is a powerful applied statistical methodology that can propel your organization to peak performance.  Its three main missions? 1) Eliminate waste. 2) Save financial and natural resources. 3) Raise your firm’s operating efficiency — which is key to a healthy bottom line.

What is Six Sigma?
Sigma uses the Greek letter σ, to measure Process variability.
Six Sigma is a highly effective process improvement technique, with proven problem-solving principles. A company’s performance is measured by the sigma level of their business processes, and every business aims for virtually error free process performance. The standard for most companies is a performance level of three or four sigma, which equates to a sigma level of 6,200 and 67,000 process defects (errors) per million opportunities. A Six Sigma level of performance is 3.4 defects per million, which is the level of performance customers expect. The fundamental objective of the Six Sigma strategy focuses on process improvement and variation reduction.

What is Lean?
Lean Means Eliminating Waste!
As we start our lean journey, we’ll address two main activities: Value Added Activities and Non-Value-Added Activities.

Value Added Activity refers to activities that a customer would be willing to pay for, towards their final saleable product or service.

Non-Value-Added Activity does not add value to the product, service or process.  These activities do not create value to the customer or the customer’s specifications. These activities are considered waste, and should be eliminated, reduced or simplified.  It has been found that 95% of process activities are non-value added, and only 5% add value to the product or service!

You can understand why Lean Six Sigma (LSS) is one of the most powerful process improvement tools available to transform any business or organization by enhancing customer value, boosting operational efficiencies, improving quality standards, and most importantly, improving revenue and profit margin. To achieve and sustain these performance goals, The Journal of Applied Business Statistics will include four LSS approaches to resolve performance issues, which have been successfully incorporated at several Fortune 500 Companies, with significant financial returns. You will learn about:

  • Accelerated Fast Track Project
  • Kaizen Event
  • The ‘One Page’ and ‘Quick Win’ Event
  • The Advanced LSS Certifiable approach

How to know if The Journal of Applied Business Statistics is right for you.

The articles in the Journal are geared for readers who want to understand and apply Lean Six Sigma and the scope of Applied Statistics in business — whether or not they are experts in computing. Along with each topic, you will be provided with fully functional Plug-and-Play Excel files.

Plug in specific data from your business and get results in an instant!

Is the Journal right for you? If you are willing to invest the necessary time to learn and apply the principles, this publication can pave the way for massive progress in your business.

Register for your charter subscription to the Journal of Applied Business Statistics, at special introductory rates!

Our goal is to make the Journal available to as many businesses as possible!  Please take advantage of our low charter subscription pricing…

Subscribe now for as low as just $629 for a full year. Or, choose a monthly option at a cost of only $59 per month. By paying for a full year in advance, you save up to $119.00 (19.30% per issue).  Either way, your first issue is free. That means you get a 13-month subscription at an already-low 12-month price!
When you consider that a single process improvement might save or make your company thousands of dollars, your Journal subscription could pay for itself in short order.

Unlock the secrets of statistics and Lean Six Sigma at these low, introductory prices. Then get ready to drive your business to a whole new level of growth, profit and success.

Subscribe now!

Your partner in success,

Michael J. Anderson
Founder/Publisher, The Journal of Applied Business Statistics

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Michael J. Anderson is a serial entrepreneur whose experience ranges from running a sheet metal enterprise to operating a day spa. He has also worked as a structural engineer in several architectural and engineering firms and managed engineering departments. Mr. Anderson has used statistical analysis in all of his businesses, as well as consultation work for others.

After he discovered that the vast majority of small and medium sized businesses do not utilize statistical analysis in their organizations – leaving thousands of dollars on the table – it became his passion to help business owners and managers unlock the potential of data analysis, and thus this journal was born.

Edward ’Rick” Florancic.
Co-owner/Publisher, The Journal of Applied Business Statistics

Edward ’Rick” Florancic is a highly trained statistician and Certified Lean Six Sigma Black Belt Professional. Rick has been a Senior Manager for two Fortune 500 corporations for over 35 years, and a Lean Six Sigma Consultant over the past 15 years. As a Consultant, Rick has saved companies over $53M by driving improved profit, improved revenue, and by reducing their cost structure. Lean Six Sigma is Rick’s passion, and he wants his passion to work for you.