About nineteen years after Motorola introduced Six Sigma as a methodology to improve processes by eliminating defects, Six Sigma is still alive and benefitting companies all over the world.
iSixSigma Magazine’s latest Jan-Feb 2007 issue features Six Sigma helping Fortune 500 companies to save $427B. Michael Marx, iSixSigma research manager points out the following:
- corporate-wide Six Sigma deployments save an average 2 percent of total revenue per year
- about 53 percent of Fortune 500 companies are currently using Six Sigma, and that figure rises to 82 percent with the Fortune 100
- the market for Six Sigma training and consulting is still very much open, referring to the 47 percent of the Fortune 500 that have not yet embraced the methodology
As Michael Marx said, this should stop some quarters who are still harbor disbelief that Six Sigma actually works.
Source: iSixSigma Magazine, Six Sigma Saves Fortune 500 $427 Billion
Related Story: SixSigmaCompanies.com, Six Sigma Saves the Fortune 500 $427 Billion
*Photo credit: BBC.com
