Benefits of the Implementing Six Sigma Project

The benefits of implementing the Six Sigma projects can be seen in various areas of business such as finance, operations, organization , Information Technology etc.  These benefits justify the focus on devoting the resources, modifying the processes and identifying and eliminating the defects in the system.

Financial Benefits of Six Sigma Projects

It  leads to the creation of  additional revenue and reduction of costs by avoiding taxes. It provides for faster retun on investment by enabling cost avoidance. Profitability  of existing products and revenue of existed sources is increased.  It leads to reduction in the cost of production, cost of servicing is lowered and shareholder value is increased. It also increases the cash flow of the company.

Organizational Benefits of Six Sigma Projects

One of the major organizational benefit is that it  builds the company reputation and creates the new customer opportunities.  It leads to strengthening of company vision and mission and gives competitive edge in market position over competitors. It leads to increase customer satisfaction due to improvement in ability to serve the customers.

Operational Benefits of Six Sigma Projects

Operational benefits includes reducing the employee work loads for undesirable work and eliminating the non value added activites. It improves the proper utilization of workspace and morale of the team and employees is boosted.  It causes reduction in the cycle time of production and other related processes by focusing on efficient methods of work.  It increases the employee and process productivity.

It emphasizes on effective communication between departments and groups leading to proper cross functional deployment. It leads to simplification of the process by reducing the process steps, person working hours, external inputs and smooth process flow.

Information Technology Benefits of Six Sigma Projects

It  decreases maintenance costs and improves application and system performance.  It improves system utilization rate and enables service level agreement  obligations.  Efficiency of support activities is increased and value of technology is preserved. Documention requirement is reduced and automation leads to increase in productivity.

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