Six Sigma: A Crucial Strategy For Smes

With intensifying competition in the corporate world

, delivering quality products, improving productivity and cutting down costs have become quite crucial for companies across the globe in order to maintain their stronghold. It is herein that the concept of Six Sigma assumes supreme relevance for SMEs since this methodology helps businesses to enhance quality and delivery mechanism by cutting down waste and lowering costs.

Benefits of Six Sigma

Six Sigma quality improvement programme enables SMEs to not only bring about substantial improvement in their output but also streamline their processes, strengthen their operations and achieve the strategic goals of an organisation.

Application of Six Sigma helps small units to identify and eliminate the shortcomings and variability in manufacturing as well as business processes and identify areas of opportunities, said Rajesh Periwal, proprietor of ElectroImpex, a small-sized manufacturing firm in Kolkata.

Concepts like Six Sigma are hailed by analysts and major industry players since it is believed to help businesses occupy a greater market share by not only enhancing product quality and lowering manufacturing costs but also enables firms to reduce cycle time and improve customer satisfaction.

Given the fact that SMEs face financial constraints and there is tremendous pressure on them to reduce operational costs, the strategy of Six Sigma can prove to be immensely beneficial for small businesses in India to decrease waste and improve bottomlines, said Dibakar Mohanty, an independent IT analyst at Guwahati.

By applying cutting-edge business solutions with the help of implementation of Six Sigma, SMEs can focus on their core competencies and improve their margins.

by: David Parks

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