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Can Six Sigma really increase your organization profits?
Introduction / Take Away Can Six Sigma really impact their business bottom line and increase the efficiency of your business processes?
Many are wondering if Six Sigma can really impact their business bottom line and increase the efficiency of their business processes. This question is often left unanswered and often creates a very unclear perception within organizations. The structure of Six Sigma goes beyond the improvement process and tools. Projects selected and approved by the organization?s leaders drive the improvement to ensure the relevance to organization?s goals and their impact on stakeholders. Six Sigma approach will ensure that all success factors are present before organizations can launch any project: clear guidelines for establishing and leading the effort, top management support, and a team blueprint for effective usage of quality tools. Jack Welch, former CEO of GE, once said ?The best Six Sigma projects begin not inside the business but outside it, focused on answering the question?how can we make the customer more competitive?.... One thing we discovered with certainty is that anything we do that makes the customer more successful inevitably results in a financial return for us.? During the first five years of Six Sigma implementation GE was able to save $12 billion and add $1 to its earnings per share. In summary, Six Sigma can provide organizations with a clear roadmap to plan and execute a project that will have direct impact on their bottom line. < Ends >
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