Pohang Iron and Steel Company (POSCO), the world’s fourth largest steel producer, is not spared from the economic crisis. Like all the other manufacturing companies that import raw materials, POSCO has its share of business challenges, too.
However, POSCO has a weapon that helps the company weather the crisis. It’s Six Sigma.
The Korea Times Biz/Finance Section reports:
The steel giant says it is going forth with increased flexibility this year.
Further, it said that the company is aiming to cut costs by 958.4 billion won this year, up from 738.2 billion won last year. In-house programs, such as Quick Six Sigma (QSS), Six-Sigma and work diet, have increased productivity and eliminate waste factors.
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