| What is Six Sigma
and its Impact on your Business?
Six Sigma provides
companies with a series of interventions and statistical
tool that lead to breakthrough improvements in
profitability and quantum gains in quality, whether a
company's products are durable goods or services.
Six Sigma is a letter
in the Greek alphabet used to denote the standard
deviation of a process (standard deviation measures the
variation or amount of spread about the process mean).
A process with "Six
Sigma" capability means having 12 standard deviations of
process output between the upper & lower specification
limits. Essentially, process variation is reduced
so that no more than 3.4 parts per million fall outside of
the specifications limits.The higher the sigma number, the
better.
The "Six Sigma"
term also refers to a philosophy, goal and/or methodology
utilized to drive out waste and improve the quality, cost
and time performance of any business. On average, one Six
Sigma project will save an organization between
$100,000
and $ 200,000.
Black Belts with 100% of their time allocated to projects
can execute five or six projects during a 12-month period,
potentially adding over
$1M to annual profits.
Six Sigma implementation
is achieved through a series of successful projects.
Project can be of different size and duration. We define a
project as a structured and systematic approach to
achieving Six Sigma levels of improvement. Depending on
the scope of the project, they are categorized as:
-
Transactional
Business Process Project - an improvement of a
transactional business process that extends across an
organization; such as order processing, inventory control
and customer service.
-
Traditional Quality
Improvement Project - aimed at solving chronic
problems crossing multiple functions of an organization.
-
Design for Six Sigma
Project - A project aimed at incorporating the voice
of the customer and Six Sigma level targets into the
design of products, services or processes.
QGS Services for Six
Sigma:
QGS Provides Six Sigma
Services include:
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