Although I feel a degree is extremely important (advanced degree even better) when I am evaluating whether or not to hire BB candidates. However, much of it depends on the industry. I previously worked in manufacturing and many of the “sharp” workers on the floor were successful BB’s. Much of this was due to a strong knowledge of the proce…[Read more]
There are quite a few more companies currently using Six Sigma. A few off the top of my head are: American Express, Phelps-Dodge, Bank of America, Deloitte Consulting, Price Waterhouse Coopers…
My company (Aerospace) pays a Black Belt the same amount that they were making before they began the position. Experience, education, and performance are not considered. We have Black Belts earning anywhere from the mid $40’s to the upper $80’s. The dollars saved or processes improved are not taken into consideration. Needless to say the tur…[Read more]
DColvin replied to the topic What is the cost saving from the reduced inventory? in the forum General 17 years ago
If you are reducing obsolete/excess inventory and receive credit back from a the original supplier or a resaler, the credit amount should be used. If it is inventory that has not yet arrived on site (cost avoidance), then you should use carrying costs (including cost of capital). Your cost of capital should be whatever your company (on average i…[Read more]
There should be a lot of potential by the time he gets out of school. There is currently a large surplus of people in this industry, but this should change in the next 5-10 years. We are expecting retirements as well as an influx of orders as the economy begins to rebound.
He may try to be less focused. A majority of the Engineers at my co…[Read more]
I am not sure if you are serious or not, but if you are then you definitely DON’T know who I am. I come from a ‘white collar’ background and have never worked on aircraft. Why would you question the legitimacy of the savings?
Are you concerned it diminishes your own savings? I would be more than happy to compare our ba…[Read more]
I’m not sure exactly what you mean by a final report. Are you talking about a summary of the projects, or certification requirements, etc.?
In response to your other question, I achieved large dollar savings primarily with inventory related projects. We are a large company 75,000+ employees, with more than 30,000 in this (A…[Read more]
I would also recommend Quality of America Sample. You can also purchase a dsik with over 1000 questions from Quality Council of Indiana. I think ASQ also has a practice exam/questions.
I think it is a good idea to get outside certification as well. Although bottom line results are very important, those savings are often a result of low ha…[Read more]
ASQ certification is an added bonus. I would be amazed if someone off the street or with only a Green Belt level of knowledge could pass the test.
It would be nice to get some sort of a standardization in Six Sigma. There are a lot of BB out there. It is growing rapidly. Many of those Black Belts are not qualified, but have only gone thro…[Read more]
Incentives are an important part of successful organizations. There may be no ‘one’ particular incentive program that can satisfy every employee, but there are mutual incentives that we all seek.
I agree that fair compensation is more important than bonuses. This allows you from the beginning to feel appreciated and perform to the level e…[Read more]
I would guess you are looking at approximately the same level of salary (unless you live in a city with an inflated cost of living). Your current salary is in the range of a salary an experienced or certified Black Belt might earn.
Don’t be surprised to start off with a salary up to $15K lower than what you are currently earning.
I have been looking at getting a grop together to network, exchange ideas, benchmark, etc. I am in Arizona and had started this initiative with people from the area. It would be nice to open it up to a broader audience. The company I work for has 80,000 employees around the world and I could probably bring some of them in on a networking gr…[Read more]
I would agree with ASQ being the most widely recognized. We have a number of Black Belts at our compnay studying for this exam although we also offer in-house certification. I think it helps to strenghten your own company certification, especially if it is not one of the larger well known companies. …of course this must always be combined wi…[Read more]
Talk to Quality Council of Indiana. The Black Belts I work with purchase a CD for $60. IT has a list of over 100 questions. You can identify one specific area, practice exams, or how many questions from each area. It then identifies with a histogram your strengths and weaknesses as well as how much time you took per question. Finally it give…[Read more]
Exellent points….. I just finished completing a project similar to this. We identified excess/obsolete inventory and returned those items possible to the vendor. Other items were transferred (sold) to a Sister company for use or sold for scrap.
We began by identifying any items that were inactive for at least 12 months. Also those items wit…[Read more]
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