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July 2, 2019
The Benefits Of Six Sigma To Your Company
Six Sigma refers to a management method that makes it possible for companies to use the information to get rid of deficiencies in any process. Any process is said to have achieved Six Sigma if there are no deficiencies that have been produced. There are many advantages as a result of implementing Six Sigma in any company. Companies using Six Sigma have reduced waste, boost their profits and enhanced shareholder value. Here are some of the reasons why you need Six Sigma for your company.
It improves customer loyalty. The success of a business is determined by the number of customers that it retains. Customer loyalty and retention will only be brought about in the event of customer satisfaction. Among the main reasons as to why customers do not go back to a business as suggested by survey is not being satisfied with their experience and employee attitude. In many cases, businesses are not aware if the customer Has not been satisfied since the client will always opt to get the same services from a different business. If a company implements Six Sigma, it will reduce the likelihood of having unhappy customers. Companies should consider conducting a study that will help the businesses in understanding their product attributes that are important to the satisfaction of customers if they want to achieve this.
It assists in managing time. Implementing Six Sigma method in your business can assist employees in effectively managing their time. Through this the business becomes efficient, and the productivity of the employees increases. Owners of business are recommended to set smart goals and apply Six Sigma principles to the goals. Looking at areas like learning, performance and fulfillment are some of the ways in which this can be done. For instance with regards to learning, a user of Six Sigma could ask themselves how often do the interactions come in between their job. To add onto that, the practitioners can come up with an action plan which will assist them in having a right work-life balance.
It helps companies to develop a strategic plan. Six Sigma plays an important part in the strategic vision of any company. Your business should first have a mission statement and perform a strength, weakness, opportunity and threat analysis. After doing this, Six Sigma can assist them in focusing on their areas of improvement. For example if the strategy of your business is leading in costs in the market, then Six Sigma can be put into use to boost internal processes, increase the output and maintain the lowest supplier costs agreements. If your main business’ aim is to become the best in what it does, then Six Sigma can be of great help.
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