Sigma Level …
- This topic has 4 replies, 2 voices, and was last updated 13 years, 1 month ago by Anonymous.
December 4, 2008 at 8:51 am #51450
How has the sigma level helped the banking system avoid bad debt?How has the sigma level made banks more accountable to their shareholders?How has the sigma level helped savers and pensioners?What is missing in Six Sigma that might have prevented the credit crunch?This thread has been moved to the Financial Services discussion forum. Please click here to continue the discussion.0December 4, 2008 at 10:23 am #178309
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Recognition that integrity and a good quality system are the proper
foundations and a Six Sigma initiative can’t overcome the lack of
either?0December 4, 2008 at 1:17 pm #178319
Yes, I agree with what you state about integrity and a good quality system. What I’m questioning is whether the idea of using a Sigma level to compare departments, facilities, and banks is useful?If you agree that it hasn’t helped customers and share holders compare banks, etc. What can they use? Surely, integrity and good quality systems would lead to something that can be measured and benchmarked.My own opinion is there is now a great opportunity for experts in this forum to debate this issue and suggest a way forward.My suggestion would be to use a potential Loss function as a metric for comparing banks.0December 4, 2008 at 1:25 pm #178321
Isn’t Sigma Level inherent to the observed process? Isn’t it also true that a better comparison of processes is their respective DPMO, PPM?What issue needs to be debated? The performance of banks in what regard?a potential loss function measuring what? Brain cells from trying to decipher this post?0December 4, 2008 at 1:49 pm #178323
I’m referring to the concept of a Process Sigma, or a Sigma Level, to compare complexity, departments, and facilities, and I gave a specific example .. banks.0
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