Six Sigma methodology these days is implemented in almost every business organization. The strategies and methods help run business operations more efficiently and allow you to eliminate all the defects that disturb the quality of products.
Originally, this improvement method was implemented by Motorola for their factory floor. Since then, the strategies have been implemented in all industry types and touch almost every niche. The techniques and tools of Six Sigma offer a data-driven approach to solving the challenges that come during the manufacturing process.
The key reason to apply Six Sigma tools and strategies is to find the root cause of service problems and product defects. However, some other goals of Six Sigma are as follows:
What Do You Mean by Six Sigma?
Six Sigma refers to the set of tools and management techniques intended to improve the process of businesses and reduce wastage. Today, almost every company uses the Six Sigma methodology and principles to analyze defects and handle the manufacturing process more efficiently.
Six Sigma also provides data-driven methodologies and processes to achieve strategic goals. As per the prime methodologies, businesses implement Six Sigma to seek the following things:
- Reduce the operational cost and cycle times
- Cause errors and eliminate the problems before they disturb the final product quality.
- Improve the business productivity
- Achieve the biggest assets utilization
- Meet with customers’ expectations
- Helps to earn maximum return on investment
Additionally, the Six Sigma methodology helps maintain sustainability in businesses because decisions will be made based on errors and collected data. A sustainable business environment also requires a backup plan and proven Six Sigma methodologies to meet future goals.
What Are The Different Levels of Six Sigma Expertise
Six Sigma provides a straightforward pathway to collecting and using knowledge in business. A belt ranking system shows the individual’s expertise in Six Sigma. The different belt designations are Yellow belt (essentialities of lean Six Sigma which is generally valid for beginners), Six Sigma Green belt (work on the business projects by following the black belt direction), lean Six Sigma black belt certificate holder is considered as the project leader and the master black belt (that oversee all the projects related to Six Sigma in business organizations).
Different Goals of the Six Sigma Implementation
There are so many benefits of Six Sigma. Companies always focus on the bottom line of the final products. The prime benefits of Six Sigma are to earn maximum revenues. However, here are some exceptional benefits/ goals of implementing Six Sigma strategies in the business world.
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Increase the Profit
Six Sigma is implemented in business organizations because they want to earn profit. Most companies produce products or provide services. Six Sigma principles are applicable to solve the issues and improve productivity to deliver quality products.
In both cases, Six Sigma implementation helps reduce defects and serve the best quality products. Using the Six Sigma principles and methodologies, companies can improve the quality of their services and develop products without defects.
The process of Six Sigma helps analyze the issues and provide a solution to mitigate the risk. This, in turn, benefits the business and allows you to provide an excellent product to earn more profit. However, the overall profit earned by the company will depend on the technique used in designing the product and the defects.
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Reduce Defects
The second goal of implementing the Six Sigma strategies in business is to reduce the defect. The Six Sigma strategy helps meet a standard deviation of 3.4 defects per million, and the individuals or project managers are trained to find defects at an earlier stage.
The standard strategies are helping many companies run a smooth manufacturing process. However, still, Six Sigma has been condemned with Six Standard deviation rules that are not applicable for all forms of industries and manufacturing processes.
Some companies hesitate to lower the defect rate as they think it will affect cost and quality. However, the truth is Six Sigma helps minimize the defects so that you can improve the quality and serve the best products in the marketplace.
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Improve the Quality
The third goal of implementing the Six Sigma principles and practices in the business world is to improve the product’s quality. The process helps identify the defects and offers a quick solution to correct the deficiencies and minimize the wastage process. This, in turn, helps to improve the quality of the products.
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Understand the Stats
Do you ever notice how many products have been produced with defects and how many aren’t completed? Do you ever figure out the quality of the product served by the competitors? Have you ever planned to improve the quality of the products and services?
If you don’t have an answer, then Six Sigma strategies are helpful to get the answers to the products. The strategies can give you brief about the following things:
- Where you can improve the quality of the product
- How can you cut the cost without compromising quality
- How to reach goals effectively.
- How to finish the products on time.
By understanding these stats, companies can improve the quality of their products and minimize waste.
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Improve Business Culture
Few people choose to have a lean Six Sigma Black belt course. Yet, individuals with such certificates can serve as project leaders and lead the team to deliver the best quality products. Moreover, the Six Sigma strategies help improve the business culture’s quality and benefits.
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Better Career Opportunities
Since the Six Sigma strategies are in great demand these days, the career opportunities in this field are at their peak. As a result, individuals can achieve career advancements and earn massive goals.
Bottom Line
The Six Sigma concept these days has proven helpful for business companies in so many aspects. However, the prime goals of implementing these strategies in the business world remain the same: quality product, risk management, and waste reduction. In addition, an individual with a Six Sigma certificate has a better opportunity to grow in the business world.