Difference Between Audit Independence and Objectivity

Audit Independence:Audit independence refers to the ability of an audit team to perform an independent assessment without interference from management. It is achieved by having the right people on the audit team and by ensuring that they are free fro...

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Aug 31, 2021
SCOR model for improving supply chain management

Supply Chain Management (SCM) is an area of study that has been growing at a rapid pace over the last decade. This growth is because businesses today are operating in a global environment. To survive, companies need to adapt to new markets and respon...

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Aug 27, 2021
Six Reasons Why Continuous Improvement Projects Fail

What are the main reasons why Continuous Improvement (CI) projects fail?Continuous improvement is an essential part of any organization's development strategy. It helps organizations improve their performance and become more efficient.We’ll start by...

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Aug 22, 2021
Histogram vs. Bar Chart

A histogram is a graphical representation of data. It shows the distribution of values within a set of data. The bars represent the number of observations at each value. Bar charts are similar to histograms but instead of showing the frequency of obs...

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Aug 17, 2021
Statutory vs. Regulatory Requirements

What is the difference between Statutory Requirements and Regulatory Requirements?The term "statutory and regulatory requirements" appear in ISO 9001:2015 for 12 times. These two requirements together are also called as the legal requirements. Howeve...

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Aug 02, 2021
PDCA vs. PDSA

What is the difference between PDCA and PDSA?The concept of PDCA is based on the scientific method. It was popularized by W. Edwards Deming. He later changed it to PDSA and called it Shewhart Cycle. Both PDCA cycle (Plan, Do, Check, Act) and PDSA cyc...

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Aug 01, 2021
Defect vs. Defective

What is the difference between defect and defective?Defect means not meeting a specific requirement or the specification, or failing to achieve a specific customer/client CTQ. A product could have multiple defects. Some of these defects might not eve...

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Aug 01, 2021
Chi-Square Test vs. F Test

What is the difference between Chi-square test and F Test?Purpose:These two statistical procedures are used for different purposes.The chi-square test is used when you want to know whether there is a statistical difference between two categorical var...

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Aug 01, 2021
Audit Finding vs. Non Conformance

What is the Difference Between an Audit Finding and a Nonconformance? What is an audit?A quality audit is a systematic examination of the processes and procedures in place at a company to ensure that they are all operating as expected.Quality audits...

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Aug 01, 2021
Accuracy vs. Precision

What is the difference between accuracy and precision?Accuracy refers to the closeness between measurements and their expected or true value (The farther a measurement is from its expected or the true value, the less accurate it is.) Precision pertai...

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Aug 01, 2021