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SELECTED
Six Sigma Organizations
Manufacturing
Organizations
Service
Organizations
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Benefits
of
Six
Sigma Management
There
are two types of benefits fromSix Sigma management
-- benefits to the organization and benefits to
stakeholders.
Benefits to an organization are gained
through the continuous reduction of variation and
centering of processes on their nominal levels.
The benefits are:
-
improved
process flows,
-
reduced defects,
-
improved
communication (provides a common language),
-
reduced
cycle times,
-
enhanced
knowledge (and enhanced ability to manage that
knowledge),
-
higher
levels of customer and employee satisfaction,
-
increased
productivity,
-
decreased
work-in progress (WIP),
-
decreased
inventory,
-
improved
capacity and output,
-
increased
quality and reliability,
-
decreased
unit costs,
-
increased
price flexibility,
-
decreased
time to market,
-
faster
delivery time, and
-
conversion
of improvements into hard currency.
Benefits
to stakeholders are a by-product of the
organizational benefits.
The benefits to stakeholders include:
-
stockholders
receive more profit due to decreased costs and
increased revenues,
-
customers
are delighted with products and services,
-
employees
experience higher morale and more satisfaction
from joy in work, and
-
suppliers
enjoy a secure source of business.
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