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May 26th, 2011, 12:00 AM   #1
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Six Sigma

Hello Everyone,

Sub: Dedicated section for Six Sigma.

Most of the times such kind of certification programmes are conducted by the corporates for their employees. It sounds very good but practically the training sessions are horrible, most people get bored and others who are curious and enthusiasts get confused.
Actually I was one of them, my place was filled with green belts and 4 to 5 black belts but despite the awareness of the methods to solve the problem nobody understood 'What is Six Sigma'.

Let me put what an author has to say..."When I was getting my corporate training on Six Sigma, there was an outside consultant teaching one of the Six Sigma tools, and it seemed that he was making it more complicated than required. After few days of training, I asked him if some simplifications wouldn't be valid, with no loss of tool utility. He laughed, said he agreed, but because he had an Ph.D. in math., was an author of a book on the subject, and was being paid a lot by the organisation, he felt that the complexity he was presenting was expected."

Definitely this kind of initiative will allow me and many other experienced to contribute more, but most importantly better understanding and more clear approach on this subject would bring help for many.
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May 26th, 2011, 01:09 AM   #2
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Re: Six Sigma

Well, obviously there's a right way and a wrong way to teach six sigma (and more generally cost-reduction techniques).

1) Don't get bugged down by esoteric details
Six-sigma is nothing more than than the operational translation of a basic financial concept: less leverage is less risky. It's basically about bringing down the risk profile of the operations by rationalizing ... operational risk-taking. All in all, in my opinion, it is nothing more than common sense and practice.

2) Find the right teachers
I had a lean six-sigma introduction a while ago by a consultant from my firm (Deloitte) who is an expert in cost-reduction and process excellence. I can assure you that this was no-nonsense and that his reasoning was always backed by financial analysis. I consider that, when dealing with cost-reduction projects, it is necessary to master the fundamentals of finance. Why ? Because it is vital to understand the long-term impacts of a decrease in working capital or capital expenditures (for example).
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