Six Sigma– Everything you need to know
Is it that you continue running an organization with defects and losses on a daily basis without paying any attention to them?
Do you feel that it is alright to ignore these mistakes?
If your answer to the above-written questions is yes, you might want to know that the cost of these losses can easily add up to twice the salary bill of your organization. Does that ring an alarm?
Yes? Then, you must seriously consider implementing a system that helps your organization identify such losses and offer solutions that can make your organizational processes a lot more effective and efficient. One of the most effective and result-driven methods of achieving savings is of adopting the tools and techniques of six sigma.
Six Sigma refers to a data-driven approach, based on statistics, useful for eliminating defects in products, processes and services. Developed by Motorola in the 1980’s using the fundamentals of quality management, this management approach gained a lot of popularity and recognition after its adoption by General Electric (GE) in the early 1990’s. Companies all over the world are widely adopting Six Sigma as it helps them in improving their profitability by reducing defects and wastages.
The two sub methodologies used by Six Sigma to deliver its functionality are as follows:
This methodology is used for processes that already exist. DMAIC stands for Define, Measure, Analyze, Improve and Control.
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DMADV is a methodology that is used for new processes. DMADV stands for Define, Measure, Analyze, Define and Verify.
It might surprise you to know that 82% of Fortune-100 companies use Six Sigma for their growth and profit maximization owing to the benefits of Six Sigma. These benefits are as listed below:
The use of Six Sigma within businesses help employees manage their time effectively, thereby, enhancing their productivity and making the organizational processes more efficient. The employees are encouraged to set smart goals and thereafter, accomplish them by deploying the principles of Six Sigma. By becoming more efficient, the employees tend to find themselves happier and as a result, are able to attain a better work-life balance.
With fully engaged employees and enhanced productivity, the organization paves its way towards growth and success. Because the employees play a crucial role in determining the success of a business, it is important to keep them motivated. This is because only the motivated employees tend to engage in the workplace. The problem-solving tools and techniques offered by Six Sigma are of great significance in keeping the employees motivated all the time.
For a business to grow, customer retention is very important. In fact, customer loyalty is one of the important factors in measuring the success of a business.
In order to improve customer retention, the organization needs to work on improving the customer satisfaction. This can be done by implementing Six Sigma as it reduces the risk of having dissatisfied customers to a very large extent.
The Ability to Meet Deadlines
It’s a common practice for businesses to extend their deadlines due to one or more reasons, thereby, making the cycle time of projects very long. The use of Six Sigma helps businesses develop a holistic team of employees capable of identifying the problems leading to long project cycles. Besides identifying the problems, the team members are adept at finding solutions to the identified problems. As a result, the organizations are able to stick to the committed deadlines and create shorter cycle time for projects.
The use of Six Sigma is of great significance in strategic planning as it helps businesses focus on the areas of improvement. Depending on the strategy of a business, Six Sigma helps in achieving organizational goals by improving its internal processes, increasing yields and removing unnecessary complexities.
Supply chain management
One of the main objectives of Six Sigma is to achieve a defect rate of less than 3.4 per million. You would agree that your suppliers have an important role to play in determining whether the given target can be met or not.
The benefit of using the Six Sigma approach is that it helps in reducing the defect rate by decreasing the number of suppliers a business has.
Thus, Six Sigma help organizations enjoy increased revenue and reduced wastage by taking care of the development and maintenance of organizational design, control and improvement processes.
Having read the points listed above; do you wish to avail the benefits offered by Six Sigma?
If your answer is yes, you may consider pursuing courses listed below:
- Six Sigma yellow belt
- Six Sigma green belt
- Six Sigma black belt
These courses are available for the top, senior and middle management and help organizations of all types successfully implement Six Sigma projects.
Are you still not convinced?
The list of a few companies who have successfully implemented Six Sigma might help you make up your mind:
- Bank of America
- Eastman Kodak Company
- Ford Motor Company
- General Electric
- Mumbai’s Dabbawalas
- Starwood Hotels & Resorts
Do you wish to seek more information regarding Six Sigma and courses that are available in this field? Contact us and we shall send a prompt reply.