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Six Sigma benefits in a nutshell, please!

Six Sigma – iSixSigma Forums Old Forums General Six Sigma benefits in a nutshell, please!

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  • #27428

    lengyel
    Member

    Hi!
    I wondered if someone could tell me, in a nutshell, the advantages of implpementing Six Sigma in a company’s quality system. What do you see as the main reasons for integrating Six Sigma with the other quality initiatives? (ie to save time / money) Why?
    Thanks very much in advance!

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    #67140

    Michael Quinn
    Participant

    The main reason for integrating Six Sigma with other quality initiatives is – that primarily as a business process it enables organisations to increase profits dramatically by streamlining operations, improving quality, and eliminating defects or mistakes in everything an organisation does.

    This is achieved because traditional quality programs have focused on detecting and correcting defects, whereas Six Sigma provides specific methods to re-create the process itself so that defects are no longer produced.

    The improved quality that results will translate not only into cost reductions but also into increased sales and improved profitability. Through improved quality levels, organisations not only enhance shareholder value but also greater market share resulting from increased customer satisfaction.

    This is the greatest benefit of Six Sigma which no other re-engineering or quality program can equal

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    #67143

    Ken K.
    Participant

    I couldn’t have said it better! Very well put.

    Ken K.

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    #67159

    Praneet
    Participant

    Hey Michael ,
    Very well put !! My two bit for you Zoe..
    Six Sigma’s main focus unlike other Quality Initiatives is on Financial Savings, savings that can be accrued by eliminating defects and cycle time reduction.
    This in my opinion is precisely the reason for Six Sigma getting the kind of acceptance it has been getting. So much so that some companies have actually started putting Savings thru 6 Sigma on their Balance sheets

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    #67163

    lengyel
    Member

    Do you have any examples of these companies / the statistics of the savings they put on these balance sheets?

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    #67196

    Ken Domonkos
    Participant

    You will need an enterprise process management platform
    that enables you to discover, measure, analyze, improve and re-engineer your business processes. It also ahould be able to identify the controlling variables necessary to continuously cut cycle time,reduce costs and improve quality across the enterprise.

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    #67302

    Boris lipnik
    Participant

    See for example GE annual reports on the internet,
    together with “letter to the shareholders”, look where they mention 6 sigma. Very impressive!
    Boris.

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    #67471

    Wm. R. Presley
    Member

    Dear Zoe:It is paramount that an enterprise starting a Six Sigma initiative to plan for the assimilation of the
    existing quality programs. Many of the tools are the same, especially those from Deming, Juran, TQM, Process Reengineering and the Balanced Scorecard programs.To paraprase one of your other replys… “Many quality initiatives looked for defects in the product, Six Sigma looks for defects in the processes that create the product and/or service.Clean up the process and you will cease to provide a safe harbor for the hidden factory responsible for rework, inspection, scrape management and customer complaints.If current quality programs are not assimiliated, it sends a message to middle management and employees alike that Six Sigma is not the dynamic management tool it is touted to be. It will be preceived as just the latest quality fad of the month and the fat in the silo will win out if they just wait long enough.If your upper management is simply dropping its current quality programs, beware. Six Sigma does not have full support of your senior management. You will see tactical successes of a sigma or so, but you will not see a cultural shift and the quantum leaps enjoyed by a learning organization.Remember, thanks to isixsigma.com, we’re all in this together!Regards,Presley…

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