Why Six Sigma Statistics Are So Important

Good data analysis is one of the most vital parts of implementing highly effective change. For this reason, Six Sigma statistics are a key element to bringing your business to all new levels of success. If you are currently studying the basic principles of this powerful and highly popular methodology, the next step in creating major improvements for your company lies in the analysis of its vital stats.

You will need to collect data from all areas of your business and learn how to apply statistics to create various matrices, graphs, and charts. These tools will inform you of the various processes that are lacking within your business and they will even give you a very basic understanding of how to make corrections. Although the philosophy of Six Sigma is quite basic in theory, this portion of the process can be somewhat confusing to those who do not invest in formal and fundamental forms of training.

For instance, you will need to learn how to hear the voice of the customer or the VOC through the analysis of collected feedback. This information can be used to create customer driven engineering, which will ultimately help your company produce goods and services that are far more desirable to your customer base. Without this data, you will have to implement change on a trial and error plan, which can be both costly and could quickly become a waste of time.

There are also charts that help companies to recognize areas of waste within their business. These are vital for creating lean operations. Businesses gain the opportunity to learn where their resources are being squandered and how they can start making better use of these things.

The collection of data is not something that people inherently know. This is even true for business leaders and owners who have had extensive business training. Conventional methods of tracking workflow, input, output and other aspects of a commercial operation are not always as effective as they could be. In fact, odds are, your business is likely using these things right now, with less than desirable benefits.

Thus, creating change will require a whole new method of data collection and analysis. You will have to start considering other factors that you may have overlooked. For instance, you might not have considered the possibility of having redundancies in your workforce. Through the use of statistics and the proper graphs and charts, however, you can easily see where several employees are actually performing the very same tasks and that these multiple efforts are not increasing your profits or bettering your business in any way.  This can be fixed by giving redundant employees new tasks that will be more efficient and beneficial to the bottom line.

It is also possible to learn whether or not you are getting the best returns on the investments that you have made in commercial equipment. If you are not using these tools to their full functionality, they are ultimately losing money for your company rather than helping you to earn better profits. Businesses that can identify these errors can reduce their overheads considerably, without having to invest in new tools.

Six Sigma statistics can benefit your business in a vast number of ways. Unfortunately, if you are not diligently pursuing this program by securing a comprehensive and formal manner of training, you cannot learn how to track, record, and analyze important data. Mastering these techniques, however, will make you far more effective in planning and implementing the most beneficial forms of change.  If this technique sounds like it would be beneficial to your company, start researching the Six Sigma Methodology.  You can invest in this process by sending a few employees in for training, who can come back and implement these tools and methods within your entire operation.