Top 7 Benefits of Six Sigma Training in an Organization

Six Sigma!

Six Sigma is a technique that uses statistical analysis to help business operations get better. It is a data-driven approach with a high level of discipline that guarantees the eradication of flaws in any kind of organizational or corporate process. 

Six Sigma aids in boosting accuracy by lowering DPMO (Defects-Per-Million-Opportunities) along the process value stream. Any strategic vision can benefit significantly from the use of Six Sigma. Six Sigma can assist you in focusing on areas for development after your company has completed a SWOT analysis. Process improvement is essentially made possible by a collection of tools and practices called Six Sigma.

Benefits 

Irrespective of the size of the organization/industry, Six sigma techniques provide the problem-solving approaches for six sigma projects. Implementation of six sigma is therefore important for any organization. 

Below are some benefits of Six sima –

1. Decrease in the operational cost

Operational costs and risks are important considerations for the majority of multinational corporations. These elements play a part in minimal profits or even losses. Operational costs are always present and some hazards cannot be completely removed. The exposure to risks that a business faces can be significantly reduced with the help of the Six Sigma approach. Making businesses more productive and efficient at delivering their goods or services.

Hard savings are real cuts in the amount of money being spent right now. A few instances of hard savings are reduced budgets, insufficient personnel, and lower prices paid under purchasing contracts. Soft savings are expected to decrease as a result of the undertaking. Savings from reduced scrap, cycle times, and inventory are a few examples. Service-level agreements (SLAs) with customers must be continuously met in order to reap additional benefits such as avoiding fines, accelerating revenue recognition, and so forth.

2. Increase effectiveness or timeliness

Six Sigma approaches to aid in enhancing process efficiency in general. In addition, Six Sigma projects may be focused on enhancing the timeliness of delivering process output or enhancing the reliability of on-time delivery of goods or services.

Six Sigma projects can be focused on reducing the number of machine setups or setup hours in a manufacturing process. This increases the productivity of production or assembly lines, fully or partially automating the process wherever manual intervention in the process or function is higher than required, and so on.

The terms used to describe process pain zones may vary depending on the sector in which the organization operates. Prior to beginning any Six Sigma project, it’s crucial to measure or define every facet of effectiveness or timeliness. With the aid of statistics, facts, figures, and information, the flaw in a procedure or product should be investigated.

3. Enhance accuracy, controls, and compliance with policy

By lowering Defects-Per-Million-Opportunities (DPMO) along the process value chain, Six Sigma programs assist in improving accuracy. The potential to make a mistake is what the word “opportunity” refers to. DPMO is a probabilistic indicator of the capacity or mistake rate of a manufacturing or business process. This metric accounts for the number of likely flaws as well as actual defects in every opportunity.

The Six Sigma level of the process decreases when DPMO increases and vice versa. Measures of baseline and target process accuracy in terms of DPMO and Sigma Level are provided by Six Sigma projects. It is a methodical strategy to assess the accuracy of a process since it works to avoid flaws.

4. Graphical & Statistical Process Control 

According to the Six Sigma technique, a process is stable when it is under statistical control. The Six Sigma project assists in tracking and monitoring the process’s stability on a continuous basis using graphical and Statistical Process Control (SPC) tools such as Control Charts and Run Charts. Depending on the type of data being considered, many types of control charts exist.

5. Boost your customer service

The company’s interactions with customers play a significant role in shaping its reputation. Any business would desire the highest level of stability in this engagement. Customers who are dissatisfied are vociferous critics. Six Sigma initiatives can assist in figuring out how many variations customers are experiencing, what is causing those variations, and finally how to reduce the number of unhappy customers. These Six Sigma initiatives may also be used to increase vendor and customer satisfaction.

Six Sigma projects can be carried out to completely understand clients, not only their problems or worries. Additionally, the concept enables businesses to foresee client requirements and swiftly respond to them. Six Sigma initiatives also aid in determining whether customer support functions need to be automated. Critical customer service concerns can be addressed through Six Sigma programs. This is dependent on the sector of a business the organization is in.

6. Enhance Cash Flow

The business’s DSO, or Days Sales Outstanding, can be improved through the use of Six Sigma projects. Cash flow also improves with an increase in DSO. The company’s capacity to turn credit sales into cash decreases as DSO increases. Reduced variation in the invoicing process, accounts payable process, accounts receivable process, inventory management process, etc. might be the goal of Six Sigma projects.

For all of the aforementioned methods to increase cash flow, numerous measurable major faults must be found. It’s important to focus on a smaller area for progress.

7. Boost Regulatory Compliance

Normally, regulatory compliance consists of three components. Finance & Audit is the first, Information Technology is the second, and Legal is the third. In each of these areas, depending on the type of flaws found, Six Sigma projects may be done.

When used seriously, the Six Sigma approach can prove to be a valuable instrument for promoting the ongoing development of corporate compliance, keeping in mind that an effective compliance program must go above and beyond the bare minimum legal requirements.

Six Sigma Belts – 

• Six Sigma White Belt – White belt certification demonstrates a basic understanding of the core Six Sigma ideas.
• Yellow Belt – Yellow Belt certification shows that you have mastered the finer points of Six Sigma’s operation. It includes how its disciplines are used in the workplace and how to focus your efforts while learning the process.
• Six Sigma Green Belt – The Green Belt certification focuses on in-depth problem analysis and resolution for projects aimed at improving quality. Six Sigma Green Belts support Six Sigma Black Belts by leading and managing projects.
• Six Sigma Black Belt – Black Belt certification demonstrates your proficiency with its guiding theories and principles. Black belts are regarded as project team leaders and change agents within a business.
• Master Black Belt in Six Sigma – The pinnacle of the Lean Six Sigma achievement ladder is a Master Black Belt. They are experts in their fields and have a wealth of experience.

Henry Harvin

You can plan to take Six Sigma Certification Training from Henry Harvin. This institute helps you become efficient in your career to lead the organizational needs and know its requirements. Henry Harvin holds the top rank in the certification of Six Sigma training. 

The institute offers all the below belts relative to Six Sigma training –

• Lean Six Sigma Green Belt
• Black Belt
• Yellow Belt
• Lean Six Sigma Combo( Yellow+Green+Black Belt+Agile)
• And many more…

The Six Sigma training process involves the following key features-

• Club of 9-in-1 course package having – training, projects, internships, certification, E-learning access, placement, masterclass, hackathons,1-year of Gold membership.
• Instructors adhere to the basic rules and fundamentals while imparting Six sigma training to the students.

Conclusion

A statistical analysis-based methodology called Six Sigma is used to enhance corporate operations. It is a methodology and strategy that is data-driven, highly disciplined, and ensures the elimination of defects in any organizational or commercial process. Thus taking Six Sigma training to learn the methodology can be highly helpful to any individual if it is applied correctly to the business and involves participants from all levels of the organization.