SPC elements in company financial proceeding

Abstract

We will deal with financial proceeding of the company using methods of SPC (Statistical Process Control), specifically through Shewhart's control charts using the mean value of control charts, the mean value is constant and the process capability indices in following paper. These situations will be demonstrated on four case studies. The first study will focus on the regulation of financial flows for a company. The second study will involve the regulation of financial flows for the company with six plants. The other two case studies and conclusions of our paper will be devoted to applications of control charts in the financial data that are sensitive to the mean shifting while calculating the autocorrelation in the data. These charts are CUSUM control chart and EWMA chart. We highlight the versatility of control charts not only in manufacturing but also in managing the financial stability of cash flows in this paper.