All you wanted to know about Six Sigma

Type :

Research papers

Pages :

39 pages

Format :

.doc

Published date :

04/03/2009

Category :

Business & market

Sub category :

Business strategy

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Summary :

Introduction
A short study of the importance of Six Sigma
The genesis and history of Six Sigma
1. Chronology of events
2. Concept of Six Sigma
One to six sigma conversion table
Methodologies of Six Sigma
Define, measure, analyze, improve and control
The levels of Six Sigma
Strategies of Six Sigma introduction
The Six Sigma as an organization
Financial benefits of Six Sigma projects
Limitations of Six Sigma
Six Sigma vs Total Quality Management
Application of Six Sigma in various industries
Tips of managing Six Sigma effectively
Future of Six Sigma
Conclusion

Abstract

six sigma can be used to create a brand new business process from ground up. six sigma strives for perfection. It allows for only 3.4 defects per million opportunities for each product or service transaction. six sigma relies heavily on statistical techniques to reduce defects and measure quality. six sigma experts (Green Belts and Black Belts) evaluate a business process and determine ways to improve upon the existing process. six sigma incorporates the basic principles and techniques used in Business, Statistics, and Engineering. These three form the core elements of six sigma. six sigma improves the process performance, decreases variation and maintains consistent quality of the process output. This leads to defect reduction and improvement in profits, product quality and customer satisfaction. six sigma methodology is also used in many Business Process Management initiatives these days. These Business Process Management initiatives are not necessarily related to manufacturing. Many of the BPM's that use six sigma in today's world include call centers, customer support, supply chain management and project management. Indian companies are feeling the increasing strain of the rapidly shrinking global village. If they are to compete, a reliance on low cost leverage is no longer enough to remain competitive. A growing number of organizations within India are now discovering that six sigma is the powerful catalyst needed to successfully combine higher quality and substantial cost savings to achieve a breakthrough.