How Applying Six Sigma Tools Could Help Your Business

It does not matter whether your company is small, medium or large. There are a number of benefits of applying suitable Six Sigma Tools on certain processes or systems at your company.Some of the possible benefits of the Six Sigma process are overall reduction in business costs, overall quality improvement of products or services and even acquisition of more customers for your company. Some people mistakenly believe that the methodology is aimed solely at manufacturing companies. Similar to other quality methodologies like Total Quality Management or TQM, this particular methodology can be used to improve any company's business, immaterial of its nature of business.There are scores of Six Sigma tools like 5Ws and 1H, Pareto analysis and business process mapping that can be applied to any particular...

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Understanding the Concept of Supply Chain Management

Supply chain management is the process of maximizing added value and reducing the total cost across the entire trading process. It focuses on speed and certainty of response to the existing market. Because of ICT and globalization, this concept is increasingly becoming a powerful tool for most companies to compete at the local and international level.The concept of supply chain management has become an important necessity for the manufacturing sector when it comes to delivering goods at a competitive cost and at a higher quality. The business environment today has changed quite significantly and it is becoming more competitive, perhaps due to the unsettling economic environment as of recent.Enterprises these days need to operate at a reduced cost to compete. They must also develop their own...

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The Importance of Lean Six Sigma

When we talk about getting lean it is usually in regards to losing excess weight and strengthening a new body that is lighter and capable of doing more in an efficient way. The same principle applies when Lean Six Sigma methods are applied to business operations in the area of business management strategies. Simply put, this process is all about cost reduction and increased profits.Founded by Motorola, USA in 1986, Six Sigma is a strategy that optimizes the process of outputting products and services by getting rid of errors so that results are always constant and always growing. Several quality management methods are used to achieve this, including methods based on statistics.  A unique infrastructure of people is created within an organization linking together people who are experts...

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