An important outcome of statistical process control is:
A) Firms can take corrective actions before process variabilities get out of control
B) Firms can visually monitor process performance
C) Firms can minimize total inventory cost
D) Both A & B
E) None of these

Question

Quizplus · Accepted Answer

Statistical process control allows firms to monitor the process performance and identify any variations or deviations from the target performance. This allows them to take corrective actions before the process gets out of control, which helps in minimizing costs and improving overall efficiency. Additionally, visual monitoring through statistical process control charts helps in identifying and understanding trends, patterns or changes in the process, which is an important part of quality control. Therefore, the correct answer is D, both A & B.

An Important Outcome of Statistical Process Control Is