Six Sigma - Benefits to Organizations

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Six Sigma - Benefits to Organizations

  1. 1. © Benchmarksixsigma About BenchmarkSixSigma BenchmarkSixSigma is a leading consulting and certification firm in India offering Lean Six Sigma certification Programs in India since 2001. http://www.benchmarksixsigma.com/ Implement Lean Six Sigma in Corporates. Business Improvement Consulting resulting in superior business results. Provide Lean Six Sigma Certification Programs. Training for Public, Corporates and Educational Institutions. Specific training like Statistical Process Control. Lean Six Sigma: Benefits to Organizations Green Belts Black Belts Master Black Belts What we do ?
  2. 2. © Benchmarksixsigma Lean Six Sigma Implementation It has Given organizations a new way of doing business It has Enabled repeated application of strategy to individual projects Complete projects that have had a substantial impact on the ‘bottom line’(profit) as well as the ‘top line’(revenue) It has Enabled them to have a wise application of statistical tools within a structured methodology Lean SIGMA Six
  3. 3. © Benchmarksixsigma Lean Six Sigma Implementation Organizations use Lean Six Sigma as a Scientific and Practical method to achieve improvements in a company •Structured approach • Assuming quantitative data Scientific •Emphasis on financial result. • Start with the voice of the customer. Practical
  4. 4. © Benchmarksixsigma Lean Six Sigma Benefits Increases Revenue Decreases Costs Reduces Cycle Time It streamlines process resulting in more efficiency with same quality It removes defects from a process that cost an organization extra money It identify factors that negatively affect project leading to long cycle times
  5. 5. © Benchmarksixsigma Lean Six Sigma Benefits Improves Efficiency Strategic Planning Customer Loyalty It Maximizes an organizational efforts and improves efficiency It helps to focus on areas of improvement for long term sustainability It ensures high level of customer satisfaction
  6. 6. Lean Six Sigma Service Design Purchase Production IT M & S HRM Quality Dpt. Administrati on Management Where Has Lean Six Sigma Been Applied? © Benchmarksixsigma
  7. 7. Examples Of ‘Lean Six Sigma’ Companies © Benchmarksixsigma Home Depot CaterpillarMotorola
  8. 8. GE Success Story © Benchmarksixsigma  In 1995 GE mandated each employee to work towards achieving Lean Six Sigma  The average process at GE was 3 sigma in 1995  In 1997 the average reached 3.5 sigma  GE’s goal was to reach 6 sigma by 2001in critical processes  From 1998 onwards GE realized benefits worth 2billion USD.  GE was the first company to Implement Lean Six Sigma in services and also in offshoring. The most important initiative GE has ever undertaken Jack Welch Chief Executive Officer General Electric
  9. 9. GE “Service Company” - Examples © Benchmarksixsigma Approving a credit card application Installing a turbine Lending money Servicing an aircraft engine Answering a service call for an appliance Underwriting an insurance policy Developing software for a new CAT product Overhauling a locomotive
  10. 10. Motorola Success Story © Benchmarksixsigma “At Motorola we use statistical methods daily throughout all of our disciplines to synthesize an abundance of data to derive concrete actions…. How has the use of statistical methods within Motorola Lean Six Sigma initiative, across disciplines, contributed to our growth? Over the past decade we have reduced in-process defects by over 300 fold, which has resulted in cumulative manufacturing cost savings of over 11 billion dollars” Robert W Galvin Chairman of the Executive Committee, Motorola This statement was made after first decade of Lean Six Sigma Experience
  11. 11. AIRTEL Success Story © Benchmarksixsigma  In 2002 Bharti group (Airtel) launched Lean Six Sigma  It has since than successfully applied Lean Six Sigma in all its businesses and has realized savings worth billions of rupees.  Lean Six Sigma is an Integral part of its DNA with a dedicated team at each of its Circles.  Airtel’s basic services businesses yielded 250% return on Investment in the first year of implementation itself.  There are more than 150 Black Belts working in the entire group
  12. 12. Success Stories from diverse Industries © Benchmarksixsigma Lean Six Sigma deployment created Breakthrough Performance, Captured Cost Savings Customer Delight Projects Insurance, Lending, Securities Qualtec’s Services Order Lead Time Reduction From 55 to 41 days Inbound lead time reduction from 8 days to 6days Savings from Interest Charges, Stock amount, Freight Charges Fortune 50 Global Co. Power Steering CIO recognized the need to get real-time information from his global team on the rationale and status for all his significant projects and over 500 projects in 27 countries. LG Electronics -England Increased Brand Image Enhanced Customer Satisfaction Savings USD 850K CIO - We have saved over $500 million dollars from 500 Lean Six Sigma Projects We have saved over $20 million dollars in savings in two years of using Lean Six Sigma Qualtec's services!" - Max Gordon, Navistar Organization
  13. 13. Industry Wise Success Stories © Benchmarksixsigma Bank of America, American Express, HDFC, HSBC Wipro, Nestle, Samtel, Samsung Reliance Retail ICICI OneSource, Accenture, Satyam BPO, IBM Daksh ITC Hotels, GRT Hotels, Apollo Hospitals Bharti Cellular, Vodafone, Siemens, Tata Banking Retail IT Telecom ITES Hospitality
  14. 14. © Benchmarksixsigma About BenchmarkSixSigma BenchmarkSixSigma is a leading consulting and certification firm in India offering Lean Six Sigma certification Programs in India since 2001. http://www.benchmarksixsigma.com/ Implement Lean Six Sigma in Corporates. Business Improvement Consulting resulting in superior business results. Provide Lean Six Sigma Certification Programs. Training for Public, Corporates and Educational Institutions. Specific training like Statistical Process Control. Green Belts Black Belts Master Black Belts What we do ? Thank You

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