CHAPEL HILL, NC–Managers can raise profit margins by implementing Six Sigma initiatives to cut costs, according to a report by consulting firm Best Practices LLC.
The report details how companies have saved millions of dollars and eliminated ineffective process steps by implementing “customer-centric” Six Sigma programs. One master black belt profiled in the report used Six Sigma to eliminate 96% of the defects from one service process, saving his division $8 million. Another black belt saved $4 million by altering the delivery and repair process for one of his firm’s product lines.