Six Sigma Methodology? Here's What It's About
There is a number of misconceptions about Six Sigma methodology. To clarify them, Six Sigma methodology can be defined as simply a method of efficiently solving a problem. Using Six Sigma reduces the amount of defective products manufactured or services provided, resulting in increased revenue and greater customer satisfaction. Originally developed for manufacturing industry, the methodology of Six Sigma is now popular with insurance companies, financial service providers, healthcare providers and other organizations to which customer satisfaction is a priority.
What Exactly Does "Six Sigma" Mean?
Six Sigma methodology is named after a statistical concept, therefore one needs at least some background in statistics to fully appreciate it. Six Sigma methodology minimizes variation, so products or services can be delivered as expected reliably.
Who Can Benefit From Six Sigma Methodology?
Although Six Sigma methodology was originally developed for large manufacturers, this methodology is now successfully applied by small and medium businesses (SMBs). In fact, Six Sigma methodology is easier to implement in a smaller organization, and since an SMB usually has shorter process time cycle, the effect of Six Sigma methodology can be seen earlier.
No matter what size and industry an organization/business is, the benefits of implementing Six Sigma are infinite: Six Sigma methodology increases revenue and reduces costs, while freeing up resources that can be applied toward other profit-boosting projects.