Six Sigma LIFO – Last In First Out

December 28, 2011 by  | Leave a Comment Filed under: Management 

The basis of the LIFO theory is meant to maximize the profitability and tracking of manufacturing practices. When LIFO is applied to inventory and sales figures, it means that the most recently produced products are the first to be shipped to consumer outlets. The logic behind this application is (read on...)



How Six Sigma Costs Create Savings

December 23, 2011 by  | Leave a Comment Filed under: Management 

Companies do not realize the amount of money that is wasted on poor quality products. If customers feel that the quality of certain products and services do not meet their standards, they will not purchase the items. You can end up with excessive inventory that you may end up selling for less (read on...)

What You Should Know About Six Sigma Statistics

December 18, 2011 by  | Leave a Comment Filed under: Management 

The goal of the Six Sigma Process is near perfection, with a target of only 3.4 DPMO, or defects per million opportunities of goods produced. With this high goal, every process needs to be very thoroughly analyzed to pre-determine faults in the production system before there are flaws like (read on...)

How Applying Six Sigma Tools Could Help Your Business

December 18, 2011 by  | Leave a Comment Filed under: Management 

Some of the possible benefits of the Six Sigma process are overall reduction in business costs, overall quality improvement of products or services and even acquisition of more customers for your company. Some people mistakenly believe that the methodology is aimed solely at manufacturing (read on...)

The Importance of a Universal Understanding of All Six Sigma Terms

December 14, 2011 by  | Leave a Comment Filed under: Management 

Due to the fact that many of the Six Sigma terms rely upon a basic understanding of statistics and engineering practices and concepts, a large number of them overlap into organizational and mathematical theories that cover a broader and larger range of understanding than an average graduate with (read on...)

Tools Learned From Six Sigma Training and Certification

December 9, 2011 by  | Leave a Comment Filed under: Management 

Before you can get started on a Six Sigma project, you need to discover all of the problems and issues concerning a company’s quality problems. This will help you to identify what needs to be worked on, and what items can be improved. There should be a starting reference point for your (read on...)

Six Sigma Enterprise Resource Planning (ERP)

December 6, 2011 by  | Leave a Comment Filed under: Management 

A Six Sigma ERP system makes use of a specialized, integrated software package which enables management information to flow both internally and externally. This causes a better communication system and flow in information at all levels, including workers, managers, executives and even external (read on...)

An Overview of More Uncommon Six Sigma Tools

November 17, 2011 by  | Leave a Comment Filed under: Management 

The Six Sigma Accelerated Life Testing technique involves exposing a product to an extreme range of the conditions it may encounter during its lifetime. Among the variables tested are temperatures, strain and stress. This process can help to identify potential defects or faults over the life of a (read on...)

What Are Some of the Six Sigma Tools?

October 20, 2011 by  | Leave a Comment Filed under: Management 

It is important for the success of any business to bring in as many customers as possible. Business owners know that without customers, their business cannot be successful and without high quality products and/or services, they will not bring customers back. Quality issues are bound to exist or (read on...)

Common Six Sigma Methods and Tools

October 12, 2011 by  | Leave a Comment Filed under: Management 

Typically business executives will seek out a Six Sigma professional when they notice the quality of their products or services has fallen to a dangerously low rate. They normally discover this need due to increasing customer complaints and returns. In order to be successful, business owners want (read on...)

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