The Cost of Poorly Performing Processes – Need for Six Sigma
February 12, 2025
Much has been written about the way in which India was one of the few countries that was relatively unscathed because of the global economic crisis. Most of these narratives focused on how India managed to weather the storm in the dark days following the collapse of Lehmann Brothers. However, it cannot be completely said […]
Enterprise Resource Planning (ERP) is the lifeblood of any business today. Any business, be it a medium scale enterprise or a multinational corporation relies extensively on the use of Enterprise Resource planning systems. This is the reason why these systems tend to be very expensive. There are mega-corporations like SAP and Oracle, which make billions […]
European nations have been following a controversial policy called the common agricultural policy. Under this policy, European governments have been giving subsidies to their own farmers. These subsidies artificially lower the price of some crops leading to market distortions. This is the reason why Europe’s common agricultural policy has come under severe criticism many times. […]
In recent years, the term Business Process Outsourcing or BPO has gained prominence and the trend of outsourcing back office operations to centers in India and Philippines along with other countries in Asia has taken center stage. Often, we come across projections that show a greater growth in BPO with more western firms outsourcing to […]
Managing Warehouse Operations is akin to playing a symphony with people, systems, and processes. As long as these elements are balanced and in harmony the operations go on smoothly and efficiently. People People are very important assets of warehouse operations. Human resources can be the strongest and the weakest link to warehouse performance. Even in […]
Six Sigma has really become a management buzzword. A lot of people use it in very different contexts. As a result a variety of meanings have been conjured up for the very simple six sigma process. To simplify matters and to ensure that the readers have an accurate understanding of what the Six Sigma process is not, here is an article listing clearly the hypes and hyperboles that have been used to sell Six Sigma to many multi-billion dollar corporations.
Here are the most common fallacies pertaining to Six Sigma:
Six Sigma is consciously cultivated at various levels of the organization. There should be a planned program to ensure that the Six Sigma mindset is being passed on from manager to subordinate all the way till the shop floor. This is a time consuming process, however it is the only way to be successful.
Six Sigma is an internal initiative, consultants can be used to train a few people. However, it requires commitment from the senior management to ensure that the organization is adhering to a Six Sigma way of life. Many suave talking consultants have fooled corporations into paying millions. Beware!
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