Interest in Six Sigma has been growing rapidly within the business world, especially the professional project management society, and the most common query coming from these business communities is, “how can it help their business?” To help you understand, here is an article on how Six Sigma can transform your business.
Increase workers satisfaction.-
Dealing with workers queries about the finer points of their term of contracts, pay entitlements as well as business rules and regulations can take a lot of time, frustrate workers and even bog down human resource and other senior staff. Six Sigma can eliminate guesswork on what qualifies as premium time, vacation allowance and overtime. In addition, it can eliminate errors that lead to over and underpayments, as well as effort and time it takes to correct and eliminate them. Therefore, Six Sigma can enable your workers to access their own updated and accurate payroll data anytime they want and save a lot of time, hence boost employees morales.
Utilizing employees efficiently at all the time is a daunting task for most businesses, particularly for producers who usually have a huge workforce to manage that works across different regions, locations, languages, as well as cultures. Six Sigma training can empower business owners to accurately measure time spent on indirect and direct activities and even identify the origin of low productivity. You might think that you have employed a lot of workers but find that it is actually inadequate training or supply chain problems that are reducing your production. Six Sigma can help you to identify the issue so that you can address it.
Increase competitive advantage.-
How well a business performs in respect to clients facing procedures has a big impact on revenue creation and forms an important part of its expenses structure. While each client encounter is unique, Six Sigma recognizes that having a lot of variables within client-facing activities can be as disadvantageous as it’s in back-end activities. Six Sigma can identify various elements that can be standardized to improve performance and offer the info required to strengthen and enhance consistency across client relations.
Improve market share.-
Businesses that have been using Six Sigma correctly for a while have reported a profit margin growth of about twenty percent every year for each sigma process shift – up to 4.8s or 5.0s. Sigma process shift allows the business to calculate how far or near the procedure is from Six Sigma. Because most business starts at 3.0s, the initial Sigma shifts usually have a drastic effect on the level returned to the business’s bottom line.
Six Sigma helps business to understand their operations and thus improve their procedures. This leads to cost reductions.• Reducing waste – Six Sigma can help business owners to identify the unnecessary movement of info, workers, and products and also reveal untapped workers ideas, creativity and skills.