What can Six Sigma do for you?

Generally corporations around the world operate at 3 sigma or upwards as corporations don't survive the competitive market if its lower than that. Any organization which operates at 3 sigma and makes optimal use of all of its available resources towards six sigma, can make a 1 sigma jump every year till they reach 4.7 sigma. All these companies will experience the following till they reach 4.7 sigma:-

               a) 20% margin improvement.
               b)12% - 18% increase in capacity.
               c)12% reduction in the no of employees.
               d) 10% - 30% capital reduction.

The move is generally from 3 sigma to 4 sigma to 4.7 sigma and then to 5 sigma.

At 4.8 sigma,the companies are required to redesign the business process known as  "Design for Six Sigma".

Origin of Six Sigma

Six Sigma had its birth in the year 1979 at Motorola, all thanks to "Bill Smith   ( An engineer with Motorola Communications Sector)", which was eventually carried forward by "Mikel Harry (A senior engineer with Motorola Govt Electronics Group)". From the year 1979 till 2011, Six Sigma guidelines and its implementation has indeed come a long way.

Six Sigma

Six Sigma seems to be the new buzzword in the corporations worldwide and with the passage of time,it will continue to get stronger and louder. Because of increase in competition among the corporates, Six Sigma is the best way to generate that extra dollar of profit out of a business by continuously providing new and much improved methods compared to the conventional methods.

In a nutshell, we can put Six Sigma to be "A method or procedure for business processes re-engineering". Its not about tweaking with the existing processes which generally will end up being a trial and error method to identify the reduction in faults and errors, rather re-creating or re-engineering the business process so that errors never occur at the first place. Six Sigma has drastically helped and will continue to do so to the corporations to improve their bottom line. Its all about getting out of the comfort zone and asking those questions which have not been answered regarding the business processes.