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Six
Sigma Process Excellence
Can we help you achieve six sigma process excellence?
What
is Six Sigma?
Six sigma is a comprehensive system for achieving and maximizing business
success faster and with more predictable results than any other known
method. Its goal is to reduce defects to a level of 3.4 per million
(six sigma). Classical annual improvement rate of quality is in the
range of 5-15% while six sigma expectations are in the 70-85% range.
Companies who have successfully used the six sigma methodology to achieve
process excellence include American Express, General Electric, Johnson
& Johnson, Lockheed Martin, Dupont, Citigroup, Sony, Honda, Maytag, and Toshiba.
Why
Six Sigma?
Worldwide benchmarking has found that the best-in-class companies have
achieved six sigma level of quality. These companies spend only 1% of
their revenue on internal and external repair whereas a four sigma company
will spend more than 10%.
Why
Are Companies Investing in Six Sigma?
Six sigma enables companies to compete successfully with the best-in-class
companies, remain profitable in a world of declining product and service
prices and establish a standard approach to continuous process improvement.
Six
Sigma Roadmap
The six sigma methodology utilizes the Define-Measure-Analyze-Improve-Control
(DMAIC) cycle to achieve process excellence.
The
FY Consulting Approach
Each process improvement project is different. The sequence of steps
and timing depends on the objectives of the project. FY Consulting utilizes
the following steps in its approach to process improvement:
1. Define what plans must be in place to realize improvement
2. Measure the systems that support the plans and develop an “AS
IS” process map
3. Analyze the gaps and develop a “SHOULD BE” process map
(The most critical step)
4. Improve system elements to achieve performance goals
5. Control system-level characteristics to maintain the gains
FY
Consulting: Major Accomplishments
- Consulting with a major chemical producer, decreased variation in
the critical variables of a key product, resulting in cycle time reduction
of over 8 hours and increased annual revenue of over $2,000,000.
- Working with a supplier to the semiconductor industry, helped increase
total sales over a five-year period from $350,000 to $28,000,000 and
achieved six sigma level in all customer critical- to- quality characteristics.
- Consulting with a division of Johnson & Johnson, improved batch-to-batch
consistency of intermediate pharmaceutical products resulting in increased
yield as well as a significant reduction in cycle times. The cycle
time of a major intermediate product was reduced by 52 hours resulting
in annual cost savings of over $650,000.
For additional information, contact frank@fyconsulting.com
or call 908-875-7466 today.
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