Six Sigma

What is Six Sigma?

 

‘Six Sigma’ is a set of methods and processes developed to improve an organization’s efficiency and quality of outputs. It was initially designed by Motorola in 1985 to remove the errors related to manufacturing and improve the output of an organization.

 

Six Sigma is concerned with improving the manufacturing quality by removing the causes of defects and minimizing the variables related to the manufacturing, thus ensuring uniformity in the products.

 

Six Sigma gained popularity due to General Electric’s chairman and CEO, Jack Welch who applied and popularized the concept during his duration from 1981 to 2001. His methods were so successful that he was named ‘Manager of the Century’ by Fortune magazine.

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What is Supply Chain Management?   ‘Supply Chain Management’ refers to the process of planning and optimizing the chain of supplies that a company procures

Expenses

What are Expenses?   With respect to HR, ‘Expenses’ refer to the additional expenses incurred by the employees while performing their daily duties, which are

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