What is Six Sigma and its Impact on your Business?
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 0,000 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 M 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:
QGS facilitates diversified industries in deployment of various Process Improvement techniques and Quality initiatives using various models / techniques including Six Sigma, Lean Management, Change Leadership, Strategic Thinking, System Trainings and Business Process Management in leading organizations.
QGS facilitates diversified industries in deployment of various Process Improvement techniques and Quality initiatives using various models / techniques including Six Sigma, Lean Management, Change Leadership, Strategic Thinking, System Trainings and Business Process Management in leading organizations.QGS facilitates diversified industries in deployment of various Process Improvement techniques and Quality initiatives using various models / techniques including Six Sigma, Lean Management, Change Leadership, Strategic Thinking, System Trainings and Business Process Management in leading organizations.
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