There are several business models and strategies that claim to improve business processes to achieve business goals. It is very crucial and difficult to find the correct business strategy among these which results in the growth of your business.
Six Sigma is the best among all techniques used globally by the top business organizations. Now the question arises, which points make Six Sigma stand apart from the crowd of other business strategies?
The basic motto of the Six Sigma business model is to focus on the problems of the process and their improvement to achieve business goals. This not only helps in saving time, manual effort, and resources but also saves money.
In this article, we will discuss the founding pillars of the Six Sigma methodology that can help in your business growth. The core principles of the Six Sigma methodology are as under:
Value the customer
The Six Sigma methodology focuses on customer welfare and benefits. The management of a business house should be aware of the customers’ requirements and satisfaction and hence should maintain the quality of the product up to the mark as per customers’ demand. Satisfied customers play a key role in business growth.
Know your work process better
To improve the business process, it is a must to understand the workflow of your business deeply. Without knowing the business process you can’t hope for improvement. The first step to understanding the business process is to identify and reject the undesired processes and related data.
The second step is to develop an accurate and amicable way for authentic data collection. This data will help in finding out the basic problems and their root cause. By cleansing undesired data and the root causes of the problems, you can achieve the desired business goals.
You can use process mining software which helps in improving the business process by analyzing the current work structure and strategies adopted by the team. After analysis, it suggests what should be the proper order of workflow. There are a number of business process mining tools available in the market. Most of the process analyzing tools are very powerful, automated, and useful.
Focus on Value and minimize waste
The core philosophy is to reject all those factors that never add value. In other words, get rid of unwanted waste elements from the business process. The precursor of six sigma, Toyota Production System (TPS) termed the waste as “Muda”. The Japanese word Muda means a procedure that never adds value.
As per TPS various Mudas originate from overproduction, process, transportation, stock in hand, time management, faulty products, and movement.
To deal with the above wastes, Rene T. Domingo suggested that we should be aware of Muda, make Muda visible, minimize waste, quantify Muda, and take responsibility for Muda.
Six sigma helps in the quantification and identification of Muda through the collected data.
Make your processes flawless
We are aware that the Six Sigma methodology is based on process management and hence the flow of business processes should be smooth and operating.
In business processes, nothing could be left for chance or potentiality. First of all, mark and identify the problems. Avoid and reject bottlenecks with the help of process mining software for achieving a smooth process flow. We can use the 5 Whys strategy to figure out the root cause of problems for smaller business operations.
Use a Methodical Research-based approach and efforts
Six Sigma methodology provides a systematic approach to improving process management. By using data management tools, the Six Sigma strategy gathers and analyzes all data related to the business processes. This scientific effort leads to improvising business process management.
Among the pillars of the Six Sigma strategy, DMAIC is a data-driven methodology that helps in improving business processes by measuring, analyzing, improving, and controlling processes. DMAIC is an integral part of the six sigma strategy that helps in the identification of problems and estimates the success level and attempts to achieve it.
By implementing these core pillars of the Six Sigma methodology, you can improve business processes and achieve success. Six Sigma methodology helps in reducing discrepancies in the business processes, minimizing business operational costs, and highlighting customers’ necessities to increase satisfied customers.
By using the principles or founding pillars strategy, you can achieve better quality products, more productivity, an effective and systematic working atmosphere, minimum process costs, satisfaction among employees, and above all high profits.
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