Understanding the Significance of “Six Sigma” to Generate Output With Precision
Understanding the Significance of “Six Sigma” to Generate Output With Precision
What is Six Sigma?
Every company desires to run its processes perfectly and seamlessly but transforming this desire into reality at times becomes difficult. Due to some defects or faulty specifications, customers reject products and services straightaway. To avoid this unpleasant experience, businesses turn to a set of tools known as “Six Sigma.” Designed for making business decisions effective, it enhances the capability of processes to produce output as per the exact specifications and with high precision. Six Sigma aims at taking the quality of all business processes to a level that the company aspires. Processes operated with Six Sigma produce quality results at defect levels below 3.4 defects per million opportunities (DPMO). Bill Smith at Motorola originally formulated the particulars of this amazing tool in 1986.
Understanding the Significance of “Six Sigma” to Generate Output With Precision
Why is Six Sigma Significant for Companies?
Six Sigma offers a plethora of benefits to companies that count on this miraculous tool. The process can transform an organization’s ordinary problem-solving approach into a systematic one. With it, making data-driven decisions becomes easy and effective for firms. However, the effect of Six Sigma intervention in organizations can be summed up as fewer defects, increased capacity and throughput, shorter cycle times, lower costs, reduced capital expenditures, and higher revenues. When companies deploy this tool systematically, it helps them reduce the Cost of Poor Quality (COPQ). This in turn, enables the company to generate large amounts of cash that can be used for short-term profitability or for investments in the long run.
Understanding the Significance of “Six Sigma” to Generate Output With Precision
Six Sigma Consultation and Training
To gain comprehensive insights into Six Sigma, companies often rely on Six Sigma consulting firms. Six Sigma experts from these firms enable participants from companies to understand the ins and outs of this fabulous tool. The better the understanding, the better they can optimize the usage of the tool to realize their business goals.