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Conclusion</li></li></ul><li>SIX SIGMA <br /><ul><li>A highly disciplined process that helps us focus on developing and delivering near-perfect products and services.
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The word Six Sigma is a statistical term that measures how far a given process deviates from perfection.
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The central idea behind Six Sigma is that if you can measure how many “defects” you have in a process, you can systematically figure out how to eliminate them and get as close to “zero defects” as possible.</li></li></ul><li>meaning <br />A term used in statistics to represent standard deviation, an indicator of the degree of variation in a set of a process<br />
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5<br />DEFINATION<br /><ul><li>Business Definition</li></ul>A break through strategy to significantly improve customer satisfaction and shareholder value by reducing variability in every aspect of business.<br /><ul><li>Technical Definition</li></ul>A statistical term signifying 3.4 defects per million opportunities.<br />
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Understanding Six Sigma <br /><ul><li>Process Control
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A commitment to customers to achieve an acceptable level of performance</li></li></ul><li>ORIGIN OF SIX SIGMA<br /><ul><li>Motorola company that invented Six Sigma.
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The term “Six Sigma” was coined by Bill Smith, an engineer with Motorola
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Late 1970s - Motorola started experimenting with problem solving through statistical analysis
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1987 - Motorola officially launched it’s Six Sigma program
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Motorola saved more than $ 15 billion in the first 10 years of its Six Sigma effort</li></li></ul><li>The Growth Of Six SIGMA<br /><ul><li>The company that perfected Six Sigma
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Jack Welch launched Six Sigma at GE in Jan,1996
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At GE, Six Sigma added more than $ 2 billion to the bottom line in 1999 alone.</li></li></ul><li>THE GROWTH OF SIX SIGMA<br />
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And hundreds of others in Americas, Europe, Sub Continent</li></li></ul><li>16<br />Six Sigma Results<br /><ul><li>Six Sigma Savings as % of revenue vary from 1.2 to 4.5 %
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For $ 30 million/yr sales – Savings potential $ 360,000 to $ 1.35 million.
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Investment: salary of in house experts, training, process redesign.</li></li></ul><li>17<br />What Makes Six Sigma Different?<br /><ul><li>Versatile