It is a method used to avoid errors and analyze the risks of a process by identifying the causes and effects in order to establish the actions that will be carried out to avoid failures.
It is the estimation and the analysis of the future demand; with this, we can organize our production in a more efficient way to avoid bottlenecks or overstock.
A vital element to achieve the ideal performance of the production chain in the industry; this way, we can designate resources correctly according to the characteristics of the company.
By doing mathematical analysis of the queues within a system, we can study different factors such as the average waiting time in queues or the work capacity of systems before they collapse.
