Seasonality is the characteristic of data that is predictable and more often than not can be seen in predictable and repetitive patterns. The patterns can occur: annually (or longer), monthly, weekly, daily, hourly, by the minute, second or less if you can measure it.
A problem is a deviation or gap between what is actually happening and what should be happening. A problem can also be defined as any customer need that is not met on-time in the right amount and in acceptable quality (according to the customer).
Problems can typically be categorized into one or more of the following categories:
Topics for discussion:
*Please place comments below.
Subscribe below and receive lean, six sigma, operations, supply chain, logistics, distribution and business terms in your mailbox.