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6 Sigma Tools Use in Accouting

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  • #39565

    CK Kim
    Participant

    Hi,
    I am a beginner in Six Sigma and do not sure what are the tools that may be used in improving accounts closing day.
    Appreciate if somebody could advise
     
     

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    #120610

    Schuette
    Participant

    CK, not sure I understand the question but if your project involves improving on the time required to close the books at the end of some period, then this is an “improvement” project that would benefit from (at least)….
    process maps – current and proposed states
    SIPOC
    FEMA modified for use in a service environment
    XmR
    Capability
    Pareto
    Control charting in the Control phase where a missed cut off time is defined as a defect
    Hope this helps
     
     
     

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    #120625

    CK Kim
    Participant

    Jim,
    You got me right.  I was actually started a project by cutting down the time taken in accounts closing process from 4 days to 3 days. I attended a 3 days Green Belt training last week and found difficulty in applying the tool discussed in accounting.  Your value advice is absolutely going to benefit my project, and with the “little” knowledge that I gained in the training, I really hope my project is a success one. Thanks!

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    #120694

    Jamilah
    Participant

       When you say Six Sigma tools to use do you mean statictical tools? I suggest you start with basic tools like Detail Process Mapping and Root Cause Analysis (Fish bone or FMEA). From these you understand your problem better and have some knowledge to set the direction of your project.

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