Effects of Implementing Six Sigma in Your Business
Six Sigma has gained a lot of popularity, all over the world. The need to improve daily has increased the demands for a professional who has completed their six sigma certification. Six Sigma methodology acts as an assistant for studying data and detecting errors in the business process. Many organizations have noticed insignificant growth in their conversions, just by implementing six sigma in their functionality model.
Benefits of Implementing Six Sigma
If you want to achieve all your organizational goals, it becomes necessary for you to increase the quality and decrease the cost of your products and services. Enforcing six sigma in your business can help you in the growth process and carries a lot of benefits that your organization can take advantage of.
Let’s see how your business can benefit from adopting six sigma:
Eliminating Errors- One of the main objectives of using Six Sigma is eliminating errors. It requires ample time, effort, and resources to analyze data and find the roots of failure. For smooth delivery of products or services, six sigma has been proven to help organizations in the supply chain process.
Reduce Cost- Every business runs by saving money and making more profits. Six Sigma enables you to detect failures and save money on deliveries. It also helps organizations to become more efficient, after being exposed to such errors and resolve them effectively.
Improve Time Management- Managing time in a busy schedule can be tough. Introducing six sigma certification and training within the team may help you in organizing your target. Guide your team towards skill enhancement and implement them in achieving your goals.
Better Customer Service- Creating a loyal customer base is necessary as such customers become unofficial affiliates and promote the brand sub-consciously. But, to gain such customers, it becomes a high priority for a brand to satisfy these customers to the fullest. Using Six Sigma methodologies can help you by analyzing critical customer trends, to understand the needs and demands of your customer base.
Employee Motivation- Last but not least, six sigma can assist in boosting the confidence of your team. If you want your employees to be productive, constant motivation and support is the key that drives them towards success. Implying six sigma tools will lead towards the creation of a system that motivates your employees in conducting their respective tasks.
Best Tools of Six Sigma
In this blog so far, we’ve learned what six sigma is and the benefits of implementing it in your business process. As we go on, it becomes very important to understand what are the best six sigma tools that you can use?
Here are the 4 best six sigma tools that you can take an advantage of:
Failure Mode and Effects Analysis (FMEA)- FMEA is used to identify failure mode, determine the rigorousness of the failure, cause of the failure, frequency of the failure, controls in place, and efficiency of the controls. This enables us to analyze current risks and thereafter develop an action plan to diminish the risks.
5 Whys- the 5 Whys tool is mainly used by organizations to identify the root cause of the problems or failures. This is typically done by asking and answering the question “why” repeatedly. 5 Whys is mostly used as a deployed part in the DMAIC structure of six sigma methodologies.
Value-Added/ Non-Value Added- A business process can be complex and requires a lot of attention for it to be successful. To understand the process, it becomes necessary for its employees to segregate and eliminate the activities that are of zero value. This is done to help the organization cut costs on activities that are a waste, along with spending more time on those that hold value.
Histogram- Using a visual representation can result in a better understanding of what the customer expectations are from your delivery. A histogram is a type of graph that incorporates frequency, dispersion, and other methods of measurement. It helps you save time while delivering the exact data required.
Conclusion:
Implementing six sigma in your business process can benefit you by saving time and cost throughout the delivery process. It also helps in understanding customer expectations and meeting their end requirements. Identify the importance of waste removal and watch your business grow towards success. Hire employees that hold six sigma certification or introduce the concept to them.