The Benefits Of Six Sigma Methodology In Business

To stay ahead of its competitors, an organization typically attempts to find ways to improve its core business

. There are many process improvement tools such as 5S, Fishbone Diagrams and Six-sigma methodology which can be used for the benefit of an organization. Six sigma methodologies are widely used in various organizations, especially manufacturing companies. As a key example, the benefits of six-sigma methodology in business became obvious in the manufacturing of cars by Ford.

In fact, Ford is considered the founder of this methodology. It is part of statistical process control. Rather than using the eight-sigma methodology, which might be too stringent, the six-sigma variant is used as a reachable objective for maintaining or improving the quality of processes. A common misconception is that a process only refers to a manufacturing process. In actual terms, it could be practically any flow which occurs within an organization such as communication, carrying out sales and purchases.

In other words, it is possible to apply the method in any organization, immaterial of the business nature. Generally, the six-sigma goal is accepted as a reachable objective, which portrays high quality. So, if a particular flow was measured using this methodology and the goal is reached, the flow can be deemed very beneficial for the company. The process is at optimum level, not requiring any corrective action or countermeasure.

If the process falls short of the goal, it should be analyzed to determine the reason for failure. The method ensures that a particular process is being carried out at a high quality level. By then implementing the necessary countermeasures for any failures, the organization guards against loss of profit and the creation of unnecessary expenditure.

Moreover, this method is widely accepted by various business organizations worldwide as a mark of high quality. By giving evidence contained within process charts and data (which clearly show that the goal has been reached), a company can acquire new customers. New customers might be interested to perform business with organizations which have a high standard of quality. Existing customers may also be satisfied to see such compelling evidence.

In short, the benefits of six-sigma methodology in business are remarkable. Apart from giving an opportunity to attract new customers, it is also possible to satisfy existing customers by reaching the six-sigma objective. The company may be able to protect against profit loss and cut down unnecessary expenditure by practicing this methodology effectively.

by: Alex Gray

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