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Six Sigma

The Secret behind Fortune 500 Companies


What is Six Sigma?

Six Sigma is a business management strategy, originally developed by Motorola, which today enjoys widespread application in many sectors of the industry.

Six Sigma seeks to identify and remove the causes of defects and errors in manufacturing and business processes. It uses a set of quality management methods, including statistical methods, and creates a special infrastructure of people within the organization ("Black Belts" etc.) who are experts in these methods. Each Six Sigma project carried out within an organization follows a defined sequence of steps and has quantified financial targets (cost reduction or profit increase).

Why Sigma Six?

Six Sigma (6-σ) companies learned that quality saves money, because there are fewer throw-outs, fewer warranty payouts and fewer refunds. And doing all that, in turn, increases profits.” The main thrust of Six Sigma is to reduce errors and waste in every kind of business endeavor to please customers and fatten the bottom line.

 

Six Sigma Fast Facts:

  • Six Sigma is management methodology driven by data
  • Six Sigma focuses on projects that will produce measurable business results. For example GE Capital saved $2 Billion in 1999 using Six Sigma.
  • Six Sigma is based upon improving processes by understanding and controlling variation, thus improving predictability of business processes.
  • Six Sigma is not just training. Each participant, called a "Belt" (either Black or Green) is required to have a leadership approved project prior to training

VIEW THE 2011 SIX SIGMA BROCHURE:



Title Filter     Display # 
# Article Title Author Hits
1 Black Belt Tayyab Qureshi 4373
2 Green Belt Tayyab Qureshi 4212
3 Yellow Belt Tayyab Qureshi 4292