sigma

Organizational Benefits of Six Sigma Projects Builds company reputation. Creates new customer opportunities. Fosters company vision and mission. Improves market position relative to competitors. Improves the ability to serve customers. Increases competitiveness and ability to charge...

Financial Benefits of Six Sigma Projects: Creates additional/new revenue. Creates cost savings through tax avoidance. Enables cost avoidance. Faster return on investments. Increases cash flow. Increases profitability of existing products/services. Increases revenue of existing...

WHY SIX SIGMA WORKS IN AS ORGANISATION? Turning around an organization requires a clear understanding of roles and responsibilities, as well as the proper tools and techniques to accomplish it. Six Sigma is a proven way to examine, refine, improve processes and eliminate defects. They are...

WHY SIX SIGMA WORKS? A Six Sigma program integrates the elements of management culture and quality techniques that are critical to driving performance improvement and business excellence. Six Sigma projects are results-oriented.  Their leaders are held accountable for return on investment...

1. A New Type of Top Level Support: Universal cost oriented metrics and the new level of competition that Six Sigma provides easily acquires top-level support. Even CEOs are seriously supporting large improvement projects run by highly trained business super stars. 2. Problem Solving and...

Strategic selection of six sigma projects: The senior management sometimes feels that the current quality processes are generally working well to achieve the overall strategic plan. Hence six sigma tools and concepts are used to enhance the existing quality processes and supplement the...

The Six Sigma Engineering Organization Here, the attempt is to develop skills in the Engineering functions. The project objectives are usually based on new products, product changes or problem solving. One of the advantages is the relatively higher level of educational and technical...

DFSS (Design Foe Six Sigma) by Identify Design Optimize and Validate (DOV): Design for Six Sigma (DFSS) is a systematic integration of tools, methods, and processes for new product and service development. New product / service development is a business process focused on improving...

METHODOLOGIES OF SIX SIGMA The projects having large impact of customer satisfaction and significant impact on bottom-line are selected. Top management of the organization has very important role during selection of projects and leaders. The projects are clearly defined in terms of expected...

In Six-Sigma process, 99.9996599% data will be within +/- 6 sigma levels, which is a -total of 12 sigma under the curve. To have a six-sigma process, 12 standard deviations should be able to fit in the permissible spread (customer specification limits). Let’s look at few terms: LSL = lower...

THE CONCEPT OF SIX SIGMA Six Sigma is a data-driven quality measure that strives for a near perfection of any process. It is important to understand Six Sigma as a tool, as too many incomplete definitions have made it look like a complicated fad. Six Sigma focuses on improving quality (i.e...

The entire genesis and history of Six Sigma can be explained with the chronology of events that are given as follows: YEAR EVENT 1777-1855 Introduction of the concept of normal curve by Carl Federick Gauss 1920 Use of the word ‘sigma’ as symbol by mathematicians 1980’s 1980's engineers in...

THE GENESIS AND HISTORY OF SIX SIGMA The roots of Six Sigma as a measurement standard can be traced back to Carl Frederick Gauss (1777-1855) who introduced the concept of the normal curve. Six Sigma as a measurement standard in product variation can be traced back to the 1920's when Walter...

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Six Sigma can be used to create a brand new business process from ground up. Six Sigma strives for perfection. It allows for only 3.4 defects per million opportunities for each product or service transaction. Six Sigma relies heavily on statistical techniques to reduce defects and measure...

Define design goals that are consistent with customer demands and the enterprise strategy. Measure and identify CTQs (characteristics that are Critical To Quality), product capabilities, production process capability, and risks. Analyze to develop and design alternatives, create a high-level...

Six Sigma at many organizations simply means a measure of quality that strives for near perfection. Historical overview Six sigma were first formulated by Bill Smith at Motorola in 1986. Designed to improve manufacturing processes & eliminating defects. In Six Sigma, a defect is defined as...

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The goal within the organization is to be perfect in every respect? Perfection is elusive, of course, but it can and does represent an enviable goal. More importantly, the concept of perfection helps everyone in the corporation to develop a working model to maximize excellent service at every...

I would highly appreciate if you could share any case study carried out in Banking especially in Quality sector. I am sure, with sharing such case studies, we would be in better position to further improve our understanding regarding effective implementation of Six Sigma in banking sector...