Six Sigma Performance

Six Sigma performance is seen in all aspects of the company’s business. Six Sigma happens to be one of the most efficient management strategies. There are many companies who have understood the huge benefits of this program and are now implementing it in their existing set up. Be it customer satisfaction, increase in the stock values or annual revenue figure, all fields experience equal enhancement. The cost savings and profit increase are two of the most important aspects of Six Sigma performance.

Six Sigma is probably the best set of management strategies that can drastically improve the performance of any business. There are numerous Fortune 500 companies from all over the globe, who have reportedly reaped benefits from these strategies. The big names include Motorola, GE etc., and all of them have seen significant improvement in their output after successfully implementing Six Sigma in their systems.

The downfall in the quality management system of business is the main reason of overall breakdown of an organization. This is where the Six Sigma comes into picture. When GE was suffering from quality issues in the 1990s, in spite of having an efficient Research and development laboratory, they finally decided to try the Six Sigma strategies. The performance level showed improvement over a short period of time and now they are one of the leading business giants of the world. This depicts the positive effects of Six Sigma in the performance of a company.

Six Sigma is not just a set of tactical tools but an approach that facilitates the overall performance improvement. The approach is altered while applying it in different companies as all of them have different issues and shortcomings. So, the Six Sigma performance depends solely on the relevance of the applications in context to the organizational requirements. When Six Sigma is implemented in a Healthcare company, the aim will be achieving ultimate customer satisfaction. When it is incorporated in the systems of a manufacturing unit, enhanced product quality and cost effective solution are the sole objectives. Reducing the risks, managing employees in a better way, increasing efficiency are few of the common objectives for Six Sigma.

There are certain steps which should be strictly followed in order to reap maximum benefits from the Six Sigma policies. The steps would be:

  • DMAIC Model: DMAIC model is the basis of Six Sigma and it is generally used by the professionals to implement the tools in the set up of a company. The goals of the process are defined properly in order to make the management as well as employees understand what exactly the organization is going to achieve. After that the scopes and risks are measured for caution so that they can be eliminated beforehand. The next step is analyzing the processes from all aspects so that the planning is fool- proof and results in success. Finally, the improvement strategies are incorporated in the system and then they are constantly monitored for complete control.
  • Tools and Applications: There are several tools and applications available with Six Sigma, which are essential for the performance improvement process. The Pareto charts, fishbone diagrams, Kano models etc., are useful aids that can significantly evaluate, and improve the performance. The analyzing methods are extremely efficient in calculating the risk factors and also in finding the methods to solve them.

These are two main tools that aid in improving the Six Sigma performance. Six Sigma performance improvement programs have outperformed all other management techniques and this is why most of the companies are opting for it.

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