Benefits Of Six Sigma

Successful organizations have well defined and efficient line function and support function. Production comes under the category of line function which directly affects customer experience and there by future of organization itself.

Aim of production function is to add value to product or service which will create a strong and long lasting customer relationship or association. And this can be achieved by healthy and productive association between Marketing and Production people. Marketing function people are frontline representative of the company and provide insights to real product needs of customers.

An effective planning and control on production parameters to achieve or create value for customers is called production management.

Operations

Instead, they wanted to measure the defects per million opportunities. Motorola developed this new standard and created the methodology and needed cultural change associated with it. Six Sigma helped Motorola realize powerful bottom-line results in their organization - in fact, they documented more than $16 Billion in savings as a result of our Six Sigma efforts.

Since then, hundreds of companies around the world have adopted Six Sigma as a way of doing business. This is a direct result of many of America's leaders openly praising the benefits of Six Sigma. Leaders such as Larry Bossidy of Allied Signal (now Honeywell), and Jack Welch of General Electric Company. Rumor has it that Larry and Jack were playing golf one day and Jack bet Larry that he could implement Six Sigma faster and with greater results at GE than Larry did at Allied Signal. The results speak for

Six sigma improves both operational processes (manufacturing processes) and Transactional processes. Statistical thinking in six sigma methodology is process driven i.e. it marks everything as a process and suggests that the processes needs to be understood and studied in depth in order to improve them hence contributing towards reduction of defects and enhancement in profitability.

The steps in Six Sigma are as follows  Take a practical problem.

 Break it down in to a statistical problem.

 Turn it back in to a practical solution.

APPLICATIONS OF SIX SIGMA:

In recent years, a number of manufacturing and service companies have realized that Six Sigma Methodology is flexible enough to be applied throughout all business functions. Examples of Six Sigma applications in different functional areas other than manufacturing operations are discussed next.

 Sales and Marketing.

 Accounting and Finance

 TMQ

India as a fast growing economy, cannot afford to compromise on the quality of the products and services delivered the demand for enhanced quality and reduced cost of the good and services has coaxed many companies to introduce the Six Sigma system irrespective of the industry to which they belonged