Six Sigma Essay Example | Topics and Well Written Essays - 500 words - 1

Six Sigma - Essay Example s is that it helps them grow into effective and informed managers capable of understanding the business from the perspective of cost, quality and delivery. It also helps the employees to perceive the role of improvement from a practical point of view (SNEE & HOERL 2003: 4). As reported by General Electric company which is the most-valued company listed in the numerous United State stock exchanges and it provides different lines of products, the use of six sigma had the following impacts (BREYFOGLE, CUPELLO & MEADOWS 2001: 32): 3. In the trailer leasing business there was a 62% reduction on time spent at the repair workshops that lead to massive productivity achievement for their customers and in their company it is three times faster than the competitors because of the application of six sigma. 4. In the plastic business there was an additional 300 million pounds of new capacity and the company saved 400 million pounds on investment and was projecting to save the same amount by the year 2000 (BREYFOGLE et al., 2001:33). The fact that General Electric Company made huge profits through employing the six sigma does not mean that any company can employ it without precaution because it is not a fast get rich plan. It is a very complex, but it is an initiative with a possibility of rewarding very well. Employing traditional six sigma methodologies has propelled projects into the system that may not have any value to the whole organization (BREYFOGLE 2003:6). Traditionally, six sigma was used by manufacturing companies but presently it is being used by other corporations so it may be viewed that it will disappear with time. Putting into consideration that the other quality improvement programs do not achieve the expected results in financial savings, it is imperative for companies to integrate the six sigma which is flexible and vigorous (AKPOLAT 2004: 4). The six sigma tools that a company should focus on are: voice of technology evaluations, benchmarking,