Accountants as well as those preparing to become a CPA have begun learning this methodology
The Origin Of Six Sigma:
Six sigma is a set of practices. Jack Welch, the former CEO of General Electric, implemented Six sigma for the first time.
Great results came from that. According to the 1997 GE Annual Report, Six sigma added $300 million to GE's bottom line.
In its first five years, Six sigma saved GE $10 billion.
Due to GE's achievements, the value of Six sigma training and certification became widely known.
This concept quickly spread to private and public firms in industries such as manufacturing, finance, and automotive, as well as in government and military organizations.
Six sigma's methods have been used as a proven route to error-free processes and waste reduction.
Accountants as well as those preparing to become a CPA have begun learning this methodology as part of their accounting academia and exam preparation as six sigma has proven to be beneficial for any business entity that entails a product or service.
How does Six sigma help companies reduce process cost?
Imagine buying a plastic toy. The melted material is fed into the machine.
The plastic goes into a mold and becomes a toy.
Do you know what will happen if there is variability in the time that you open the mold?
The product may change in different ways if you open it too early or late. Timing and temperature are very important in manufacturing a product that will satisfy the customer.
Depending on the product, there can be hundreds of processes.
Each process has its own key points that it can control. This is why Six sigma is so important and why qualified inspection and process auditing are often strongly recommended.
People are stuck in a rut.
It takes an outside perspective to point out issues.
ISEL Global helps the businesses and professionals to integrate the six sigma green belt tools and methodologies for better business growth.