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Implementing Six Sigma is one of the best steps that can be taken towards overall improvement of the functions of a company. The experienced professionals can plan and implement Six Sigma projects in the existing infrastructure of the company and the number of benefits derived from it is many.
Six Sigma is a set of unique strategies and rules widely used by the popular organizations in order to improve their product and service quality. Six Sigma applications can be easily implemented in the existing infrastructure of the company with simple changes. The company will need experienced and skilled professionals to implement these. Motorola was the pioneer is the field of Six Sigma implementation. Other companies like GE, Caterpillar etc. followed its footprints and emerged as winners in terms of business and quality improvements.
Companies intending to implement Six Sigma in their set up often seek advice from the Six Sigma consultants. Some of them hire the Six Sigma certified employees directly on their payroll. Few companies get their employees trained on Six Sigma. Implementing Six Sigma is just a matter of executing the specific steps like project planning, deployment of the projects, analyzing and controlling the progress. There are several benefits of implementing Six Sigma which are as follows:
• Quality Improvement: The Six Sigma approach clearly identifies the defects that are taking place in the system of an organization. All sorts of errors, not related to the customer service, are considered as organizational defects. In order to evaluate the quantitative performance level of a process, Six Sigma statistical tools are applied. All the nonconformities of a particular process are considered a defect according to Six Sigma policies. After implementing Six Sigma, it is expected that the rate of defects will reduce down to 3.4 defects per millions opportunities handled by an organization. For an example, GE, before implementing Six Sigma, used to experience 35,000 defects per million opportunities and after Six Sigma deployment, it came down to 3.4. It shows that Six Sigma holds great significance in quality improvement of the companies.
• Cost Cutting: Providing cost effective solutions to the business is an important objective of implementing Six Sigma. Now, in Six Sigma, the various wastes of time and money are considered as serious defects and the strategies and tools aim to reduce these wastages. It automatically leads to remarkable cost cutting. You need to make certain investments initially which includes the training cost and hiring an experienced professional. But the money spent on this will yield several times higher than the investment costs. Your resource cost will diminish wherein the profit margin will go up. You will get to see the benefits in increase stock value and high annual revenues.
• Evaluating Skills of the Employees: By implementing Six Sigma, a company can easily evaluate the skill and competency of their existing employees. While the projects are implemented, each employee is assigned certain tasks and the success of the project depends on the accomplishment of all tasks. The Champions lead all the projects and the green and black belts execute the process. If all the employees are potentially skilled, it becomes easy to implement Six Sigma. Hence, after implementing Six Sigma, the management will vividly understand who all are competent and who are lacking the required qualities in them.
Implementing Six Sigma in the processes will definitely yield great results in terms of revenues and customer satisfaction and this has been proved by Motorola, GE and many others. If your company is suffering from quality issues, this is the time to implement Six Sigma and watch out for overall improvement.
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