Monday, February 24, 2020
Six Sigma Essay Example | Topics and Well Written Essays - 2250 words
Six Sigma - Essay Example Etc. This concept is also focusing on TRIZ, a problem solving methodology widely adopted in Russia. In this concept, brain storming (random Idea Generation), problem formulation, systematic analysis etc are used. The main aim of Six Sigma is customer satisfaction and product improvement, then only profitability and reduction in cost will sustain. It is providing the product which is ââ¬Ëdefect free process and productsââ¬â¢. Six Sigma process is defined as the series of steps and activities that take inputs provided by the suppliers and value provide output for their customers. The Management tries to identify the most important 20 to 30 processes in their business. After identifying these process, the management tries to measure the sigma performance of these processes. The management then tries to identify the lowest performing processes that is having a direct impact on companyââ¬â¢s performance. A project team is being formed for improving the poor performance processes. They will retained for a period of 4 to six months wherein they will be having a thorough study on these poor performance processes and taking corrective steps for its improvement to achieve effectiveness and efficiency. ââ¬Å"Unlike other quality initiatives, Six Sigma has a strategic component aimed at not only developing managements commitment to Six Sigma, but their active involvement.â⬠(George Eckes. Wiley, 2003. p.16). Six Sigma as a management strategy is a method for obtaining the objectives of the business. The five major Strategic business objectives are 1. Revenue 2. Profit Margin 3. Customer Satisfaction 4. Growth 5. Employee Satisfaction. In order to implement a Six Sigma strategy the responsibility of management is to identify the important process of the organization and measure their effectiveness and efficiency and to make further improvement for the worst performing process. Six Sigma tactics helps to accomplish greater
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