Leading Indicator vs. Lagging Indicator

Minitab Masterclass: Part 02 (Master Top 7 Control Charts) Introduction to Statistical Process Control (SPC) and Control Charts
1 minutes
Share the link to this page
Copied
  Completed
You need to have access to the item to view this lesson.
One-time Fee
$49.99
List Price:  $69.99
You save:  $20
€42.95
List Price:  €60.14
You save:  €17.18
£37.30
List Price:  £52.23
You save:  £14.92
CA$68.86
List Price:  CA$96.41
You save:  CA$27.55
A$76.77
List Price:  A$107.49
You save:  A$30.71
S$64.40
List Price:  S$90.17
You save:  S$25.76
HK$390.19
List Price:  HK$546.29
You save:  HK$156.10
CHF 40.24
List Price:  CHF 56.34
You save:  CHF 16.10
NOK kr500.18
List Price:  NOK kr700.29
You save:  NOK kr200.11
DKK kr320.58
List Price:  DKK kr448.84
You save:  DKK kr128.25
NZ$85.35
List Price:  NZ$119.50
You save:  NZ$34.14
د.إ183.58
List Price:  د.إ257.03
You save:  د.إ73.45
৳6,086.89
List Price:  ৳8,522.14
You save:  ৳2,435.24
₹4,406.11
List Price:  ₹6,168.91
You save:  ₹1,762.79
RM211.60
List Price:  RM296.26
You save:  RM84.66
₦76,597.67
List Price:  ₦107,242.87
You save:  ₦30,645.20
₨14,190.18
List Price:  ₨19,867.39
You save:  ₨5,677.20
฿1,619.37
List Price:  ฿2,267.25
You save:  ฿647.88
₺2,057.23
List Price:  ₺2,880.29
You save:  ₺823.05
B$272.20
List Price:  B$381.10
You save:  B$108.90
R885.95
List Price:  R1,240.41
You save:  R354.45
Лв83.75
List Price:  Лв117.26
You save:  Лв33.50
₩69,716.63
List Price:  ₩97,608.87
You save:  ₩27,892.23
₪169.52
List Price:  ₪237.34
You save:  ₪67.82
₱2,873.05
List Price:  ₱4,022.50
You save:  ₱1,149.45
¥7,426.70
List Price:  ¥10,397.98
You save:  ¥2,971.27
MX$937.87
List Price:  MX$1,313.09
You save:  MX$375.22
QR182.54
List Price:  QR255.58
You save:  QR73.03
P718.20
List Price:  P1,005.53
You save:  P287.33
KSh6,458.70
List Price:  KSh9,042.70
You save:  KSh2,584
E£2,424.49
List Price:  E£3,394.48
You save:  E£969.99
ብር7,102.60
List Price:  ብር9,944.21
You save:  ብር2,841.60
Kz45,588.63
List Price:  Kz63,827.73
You save:  Kz18,239.10
CLP$48,399.31
List Price:  CLP$67,762.91
You save:  CLP$19,363.60
CN¥356.46
List Price:  CN¥499.08
You save:  CN¥142.61
RD$3,145.73
List Price:  RD$4,404.27
You save:  RD$1,258.54
DA6,491.70
List Price:  DA9,088.91
You save:  DA2,597.20
FJ$113.07
List Price:  FJ$158.31
You save:  FJ$45.24
Q383.67
List Price:  Q537.17
You save:  Q153.50
GY$10,468.08
List Price:  GY$14,656.15
You save:  GY$4,188.07
ISK kr6,167.76
List Price:  ISK kr8,635.36
You save:  ISK kr2,467.60
DH450.01
List Price:  DH630.06
You save:  DH180.04
L830.88
List Price:  L1,163.30
You save:  L332.42
ден2,628.38
List Price:  ден3,679.94
You save:  ден1,051.56
MOP$402.01
List Price:  MOP$562.85
You save:  MOP$160.83
N$879.83
List Price:  N$1,231.84
You save:  N$352
C$1,842.15
List Price:  C$2,579.16
You save:  C$737
रु7,061.21
List Price:  रु9,886.26
You save:  रु2,825.05
S/176.79
List Price:  S/247.52
You save:  S/70.73
K211.93
List Price:  K296.72
You save:  K84.79
SAR187.57
List Price:  SAR262.62
You save:  SAR75.04
ZK1,182.65
List Price:  ZK1,655.81
You save:  ZK473.15
L218.18
List Price:  L305.47
You save:  L87.29
Kč1,051.46
List Price:  Kč1,472.13
You save:  Kč420.66
Ft17,017.21
List Price:  Ft23,825.45
You save:  Ft6,808.24
SEK kr472.64
List Price:  SEK kr661.74
You save:  SEK kr189.09
ARS$68,822.84
List Price:  ARS$96,357.49
You save:  ARS$27,534.64
Bs345.87
List Price:  Bs484.25
You save:  Bs138.37
COP$202,235.45
List Price:  COP$283,145.81
You save:  COP$80,910.36
₡25,306.81
List Price:  ₡35,431.55
You save:  ₡10,124.74
L1,310.57
List Price:  L1,834.90
You save:  L524.33
₲361,558.37
List Price:  ₲506,210.65
You save:  ₲144,652.28
$U2,000.31
List Price:  $U2,800.60
You save:  $U800.28
zł183.28
List Price:  zł256.61
You save:  zł73.32
Already have an account? Log In

Transcript

Hey everyone. In the previous lecture, you learned the seven different indicators when a process goes out of control. These seven situations help us interpret the control chart effectively. When we talk about these seven situations, there is also a reference of leading and lagging indicators. a leading indicator shows the trend before the defect occurs. Whereas a lagging indicator is an outlier that is already outside the upper or lower control limits.

A leading indicator allows you to proactively take action to effectively maintain the process within control limits. a lagging indicator shows that the defect has already occurred in the process. a leading indicator results in effective management of the process. Appropriate and proper use of control charts will lead to getting the right leading indicators for your process. That brings us to the end of this lecture. Thank you for attending.

See you in the next one.

Sign Up

Share

Share with friends, get 20% off
Invite your friends to LearnDesk learning marketplace. For each purchase they make, you get 20% off (upto $10) on your next purchase.