Among the many advantages of Six Sigma deployment is its positive effect on the bottomline. Companies have claimed that their going Six Sigma has given them significant savings. Well, here’s some good news. There is now a software that can measuer financial benefits of Six Sigma deployments.
ARC Advisory reports that Hagen & Co., a provider of software for manufacturing and process improvement, has introduced True Opportunity software. A dollar-based manufacturing performance reporting system, the software will be used for Overall Equipment Effectiveness (OEE), Six Sigma, and Lean Manufacturing.
By including financial measures, True Opportunity includes calculation of the true profit potential of an organization’s manufacturing operations. Also, the solution breaks down this total extra profit opportunity by reason, allowing an organization to focus on the problems or opportunities that will realize the greatest results. True Opportunity software prioritizes each opportunity by its financial value, enabling performance improvement teams to focus on projects that will deliver the greatest profit.
Ralph Rio of ARC Advisory Group has this to say about the product:
“Putting metrics in financial terms rather than just engineering scales provides more meaningful prioritization of issues. Adoption of technology to enhance continuous improvement programs allows manufacturers to take their business to a higher level of financial performance in both their P&L and balance sheets.”
Link: Hagen Introduces True Opportunity Dollar-Based Software for Six Sigma, OEE & Lean
