3 Ways to use Rolled Throughput Yield (RTY) to Better Your Business
As someone involved in manufacturing, you’re probably tired of dealing with inefficiency issues and product defects that affect your bottom line. But what are you doing to solve these problems? Consider this story: Walter, a Chief Operations Officer of a parts distributor and automotive electronics solutions company in Florida, recently visited several manufacturers to see if they could produce a device for his business. When he asked each project manager about their average Rolled Throughput Yield (RTY), only one had an answer. And this answer could be crucial to your business. RTY: A Quick Rundown RTY is often used in Six Sigma, the tools and techniques engineered by Motorola’s Bill Smith for business improvement in the 1980s. The official definition is “a process performance measure…
