Benefits of Adopting the Six Sigma Methodology
In today’s highly competitive and economically delicate commercial environment, maintaining a business’ dynamism is vital. If you are the owner or manager of a company, regardless of sector or industry, there are many benefits to be had by adopting the Six Sigma methodology into day to day operations and training.
Today, the concepts put forth within the Six Sigma Quality Improvement methodology are used by companies both small and large, regardless of whether they are trading domestically or globally. It offers real benefits to each and every establishment through the use of statistics and data in order to decrease defects, waste, and rework in each and every business process.
Though Six Sigma was initially adopted by those businesses involved in the manufacturing industry, it is now an accepted variant that can be adopted for improving or maintaining any commercial process. It is equally of value in all establishments wherein there is a need to develop efficient operations. The methodology put forward has been widely accepted as being of high quality and uses objectives that are reachable with hard work and dedication. The benefits are real for almost any business. When goals are set and achieved, the results that then come about enhance the establishment as a whole. The main goal of this process is to reach less than 3.4 DMPO, or defects per million opportunities.
If the processes that exist within your company often fall short of expectations, a careful analysis needs to be carried out to determine the cause of the failure. With the right trained and certified Six Sigma Professionals, it should be possible to analyze any weaknesses and determine where exactly changes need to be made. Implementing countermeasures to help address past problems can help a business guard against loss of profit and ensure that all funds are used in the most beneficial ways.
The Six Sigma Methodology has been accepted as a mark of high quality by businesses around the world. The evidence that it can provide in the form of process charts and related data can help any company dramatically transform their relationships with vendors and the market. With the somewhat poor economic climate taking its toll on unprofitable ventures, adopting techniques to enhance operations across the board has never been so important. Although there is often a large startup fee in the form of training and certification for current staff members or consultancy fees for professionals, it is almost always well worth the investment in the long run. In fact, most businesses go own to save markedly more money in the form of profits and revenue than was spent on this quality improvement process.
The use of such a well-respected and proven strategy can also enhance shareholder confidence. Maintaining and increasing the loyalty of shareholders can ensure that a business’ stocks are kept at a level that is attractive. This occurs primarily as running costs are kept stable while services and products that are offered are of the best quality possible. Employee morale can also be given a boost. Offering the option of receiving training and certification in Six Sigma can enhance the confidence and skills of employees across all departments. Ensuring turnover of staff is kept to a minimum and that each individual values their role is an important goal to achieve. Finally, improving customer satisfaction is also a very important part of the Six Sigma Process overall. With customer satisfaction comes more revenue; this is a simple and known fact of business.
In summary, the Six Sigma Methodology can have a profound impact when implemented by a business. It provides the opportunity to develop operations in such a way to attract new customers and offers a greater satisfaction to those a relationship has already been developed with. What’s more, protecting against loss, cutting back on expenditure, and improving sales is made easier by adopting and practicing the objectives set out therein.