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Six Sigma refers to a data-driven approach used by companies to upgrade their business processes. The method uses a five-step methodology to eliminate defects at all stages within a company. Six Sigma defines defects as anything that is not within customer expectations. The goal is to apply a measurement-based approach that focuses on identifying and improving defects.
Like any other approach, Six Sigma has both advantages and disadvantages.
Six Sigma has a proven track record of adding value and ensuring quality to the output of a business in the form of incremental improvements to a product or a service. It may also be used to optimize supply chain processes and increase customer satisfaction. The benefits of Six Sigma go beyond simple problem-solving and consider the entire production process from the raw materials to the end product, as opposed to only the end product.
Six Sigma is a proactive methodology that identifies and provides recommendations for potential problems before the company incurs any form of loss. Six Sigma may be implemented in several categories within a business, directly impacting profitability and reducing costs. It is significant to note that for B2B customers, the Six Sigma standard for manufacturing products is a…