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In April 2014, Wolf Distributing had a cash flow problem because of unpaid invoices for the Berserker Range energy drink in Chicago. Christine Taylor, the
In April 2014, Wolf Distributing had a cash flow problem because of unpaid invoices for the Berserker Range energy drink in Chicago. Christine Taylor, the company's COO, tried various traditional methods to solve this problem but made little progress. Here, she used three statistical tools to better understand the problem: Pareto diagrams, scatter plots, and run charts.
Assignment Questions
- Create a Pareto diagram, grouping data by Collector (hint: only 4 collectors; Pareto for Past Due $ and Pareto for Past Due Invoices)
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