
Automated IT (Information Technology) processes that have become a norm today have no doubt made it quite easy for companies to manage complex tasks. Since there is plenty at stake and even a small mistake has the potential to create huge problems in such processes, it makes sense to deploy highly-effective quality improvement and control systems such as Six Sigma....
Capability Maturity Model Integration (CMMI) is the latest process improvement approach that not only aims at improving standalone processes, but also makes way for the improvement and effective integration of other processes that might be connected to the main process....
Compared to manufacturing companies, insurance firms no doubt have relatively fewer processes to deal with, but that does not undermine the applicability of Six Sigma in the insurance sector, simply because it primarily focuses on individual processes rather than keep a record of all the processes that might be in an organization....
Deployment of advanced IT (Information Technology) systems has become the norm in almost all types of industries because it goes a long way in increasing efficiencies, reducing costs, and improving the quality of goods and services....
Six Sigma is used as a mechanism by the world's leading corporations for satisfying customers and improving bottom line results. On the other hand, even though these corporations and companies have profited through it, their success rate has been very inconsistent....
It is common to hear companies claim substantial financial profits by implementing different developmental measures. However, how confident would a company be about the benefits - could it be by generating additional revenue or cost saving to actually affect the bottom line? Keeping this in mind, companies should definitely involve the finance department in deploying Six Sigma....
In today's highly competitive businesses environment, it is not enough for companies just to know their customers; what in fact is required today is the certainty about customer needs and expectations....
Over the years, Six Sigma has certainly proved its worth as a highly effective quality improvement technique. But even then businesses need to take adequate precautions, because the success of Six Sigma implementation projects depends a lot on the skills, aptitude, motivation and approach of Six Sigma implementation teams....
Service Oriented Architecture (SOA) is the latest management concept that aims at making the best possible use of human as well as technological (IT) resources available within a business organization. However, businesses should never forget that SOA might not prove as effective as desired if implemented on a standalone basis....
At first glance, "Six Sigma" and "marketing" may appear to be worlds apart; but when we look closely( i.e. analyze the goals and objectives of both the functionalities), we realize that there is plenty in common, even though one is a quality improvement technique and the other is an organizational function....