Question: Data Analysis Skills and Thinking
Submit a paper of at least four pages in length, excluding the title and reference pages, that includes at least two scholarly sources (in addition to the text). Explain in detail why data analysis skills are so important to Data Analysis Skills and Thinking.
Describe how a structured process such as Six Sigma methodology (Chapter 4) can be useful to identify spending patterns and identify opportunities for improvement.
Recommend which functional areas of the business, such as finance, should be involved in Data Analysis Skills and Thinking efforts and justify the rationale for your choices.
Please use the requested references
REFERENCE
Bozarth, C.C. and Handfield, R.B. (2012). Introduction to operations and supply chain management (3rd ed.). Upper Saddle River, New Jersey: Pearson Prentice Hall. CH 7, CH 8, CH 9
Thinking with Data By: Smith, Amy; Molinaro, Marco; Lee, Alisa. Science Teacher, v81 n8 p58-63 Nov 2014. (EJ1046202), Database: ERIC
Asset management decisions - Based on system thinking and data analysis By: Kortelainen, Helena; Kunttu, Susanna; Valkokari, Pasi; Ahonen, Toni. Finland, Europe: Springer, 2015. Language: English, Database: BASE