The Importance of Statistical Process Analysis in Small Business

The diagnostic phase searches for "financial veins of gold" to help management control profitability. But finding them is only the first step; you must also measure them.

Setting the Standard

These veins include the standard operating procedures which document the way every component should operate. They form the baseline for all future measurement.

Measuring the Performance

Statistical process analysis measures performance against these standards. It removes the emotion and the guesswork, providing objective data on exactly how the business is functioning.

The Factory Model

This analysis covers all aspects of the conduct and measurement of the business, not unlike the management of a well-run machine or factory. It is the ultimate tool for maintaining the 90% performance benchmark.

Download The Purpose-Built Playbook today to learn how BDM helps business owners implement these strategies and build a controlled, optimized, and highly profitable business.