Six Sigma Companies News: Cummins India net profit up 58%


Posted by: meikah | 15 August 2010 | 10:04 pm

news on Six Sigma companies

Here’s another edition of Six Sigma Companies News.

IndianExpress.com reports:

The net sales of Cummins India Limited for the quarter, ended June 30, 2010, were Rs 910 crores, an increase of 45% compared to the same period last year…

… Anant J Talaulicar, chairman and managing director, Cummins India Limited, said, “We had taken full advantage of the slowdown by accelerating our Six Sigma based focus on waste reduction, process improvements and value engineering. Thus, we further strengthened our balance sheet...”

Continue reading…

Filed under: Benefits and Savings, Cummins, Six Sigma, Six Sigma Organizations

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Cummins Attributes Q4 2009 Earnings to Six Sigma


Posted by: meikah | 8 February 2010 | 11:20 pm

Cummins Incorporated recently held an earnings conference call and they attribute their Q4 2009 earnings to Six Sigma.

We also continue to make heavy use of Six Sigma to drive quality improvements and lower our costs across the company. Our Six Sigma savings in 2009 were nearly $500 million well above our target and all our business units exceeded their goals for the year.

Read the full transcript of the conference call.

Filed under: Cummins, Manufacturing, Six Sigma

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Cummins India Attributes Business Success to Six Sigma


Posted by: meikah | 1 June 2009 | 6:08 am

Wheels Unplugged reports:

Cummins India, which announced its results for the financial year 2008-09, saw its net sales at Rs. 2,861.1 crore, compared with Rs. 2,330.8 crore in the preceding year, thus registering a growth of 22.8 per cent. The company’s profit before tax for the year 2008-09 stood at Rs. 523.2 crore, which was higher by 32.1 per cent over the corresponding period’s year figure of Rs. 396.0 crore.

Anant Talaulicar, chairman & managing Director, Cummins India Limited said, “We have been able to lower our product cost through value engineering and quality improvements. Further we are reducing our operating expenses and working capital. Six Sigma continues to be the primary approach to achieving both cost reductions, as well as increasing our partnerships with both customers and suppliers. The Company continues to invest prudently in critical technologies, products for the future, and customer relationships. It remains committed to delivering on its brand promise of Dependability.”

Read more…

Related posts:
Using Six Sigma for Employee Promotion
Six Sigma Cuts IT Costs at Cummins
Tim Solso: Six Sigma CEO of the Year
Six Sigma Marketing at Cummins

Filed under: Cummins, Six Sigma, Six Sigma Organizations

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Six Sigma and Health Analytics Together Drive Health and Lower Cost


Posted by: meikah | 4 September 2008 | 9:46 pm

In next week‘s Integrated Care Summit, Jim Dolstad, SHPS‘ chief actuary and VP for integrated health metrics, and Martha Whiteman, health improvement strategy director for Cummins Inc. will speak about Uniting Health Analytics with Six Sigma Methodology to Drive Health and Lower Costs.

Perhaps, next to manufacturing, it’s the healthcare industry that is going full blast into Six Sigma. This is an excellent development indeed!

StreetInsider reports:

This ongoing project demonstrates the value of a healthcare provider working with a company to drive behavior change that leads to a healthier employee and lowers cost by using DMAIC Six Sigma methodology. DMAIC, the acronym for Define, Measure, Analyze, Improve, and Control, is a basic component of the Six Sigma methodology – a way to improve work processes by eliminating defects. Dolstad and Whiteman will share details of this approach as well as the result of the project to date.

Read more…

Filed under: Cummins, Healthcare, Six Sigma, Six Sigma Organizations

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Six Sigma Cuts IT Costs at Cummins


Posted by: meikah | 7 October 2007 | 11:39 pm

I’ve written quite a lot about Cummins, Inc. here, and I can say that the company is a good example of an organization that has taken Six Sigma seriously and is enjoying the benefits of it.

six sigma and ITOver at NetworkWorld, its National Correspondent Carolyn Duffy Marsan interviewed Gail Farnsley, Cummins CIO, and touched on how Cummins is able to cut down on IT costs using Six Sigma.

Some of the interesting points are:

  • For employees who think they don’t have extra time to a Six Sigma project, encourage them to use Six Sigma in their tasks at hand.
  • Six Sigma is about leading projects, doing analysis, and process improvement.
  • You can do multiple pieces of IT stuff as Six Sigma projects.
  • Six Sigma can be used for requirements gathering or reducing the cost of support or storage.
  • Six Sigma should be the language of the whole organization.

Read the entire interview.

Source:
NetworkWorld, a Six Sigma Zone featured link

*Photo from MorgueFile

Filed under: Cummins, Deployment, Interview, Manufacturing, Six Sigma Organizations, Six Sigma References, Technology, Tips

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Tim Solso: Six Sigma CEO of the Year


Posted by: meikah | 10 July 2007 | 7:35 pm

For the Six Sigma naysayers out there, learn from Tim Solso, the new Six Sigma CEO of the Year awardee in this year’s Global Six Sigma Awards, organized by WCBF, and what he has to say about Six Sigma.
Tim Solso is Chairman and CEO, Cummins Inc. It’s not a secret that Cummins is among the big companies who are enjoying the benefits and savings of Six Sigma.

Tim Solso says:

“Six Sigma is one of the best things we have ever done. Last year we saved $340 million and since its inception in September 1999, we’ve saved or avoided spending a total of $1.4 billion” Solso reported at the May 2007 Cummins Inc. Annual Meeting.

2006 was the best year in Cummins’ history, with record revenues of $11.4 billion, record profits and record cash flow.

Source: Auto Spectator, a featured link by Six Sigma Zone

Related stories:
A Vote of Confidence for Six Sigma
Six Sigma Marketing at Cummins

Filed under: Awards, Benefits and Savings, Cummins, Manufacturing, Six Sigma Organizations

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A Vote of Confidence for Six Sigma


Posted by: meikah | 14 May 2007 | 10:14 pm

Despite claimed successes of Six Sigma, some companies or people are suspicious that it actually works or can make a difference. Reactions like these are only natural. After all, Six Sigma does not promise us the moon and stars. But for the naysayers, Gianna Clark of iSixSigma Blogosphere provides a good resource on how to deal with them. In fact, for the last couple of days, she has been running a list of The Most Wanted Six Sigma Naysayer.

In the news lately, one company swears on the benefit Six Sigma. Cummins is one the most active believers of Six Sigma, using it for accounting, human resources, information technology, and other functions. I featured Six Sigma Marketing at Cummins before, and the company’s passionate devotion to Six Sigma is rubbing off on its clients and suppliers.

Below is the Six Sigma profile of Cummins.

  • Since 2000, the company has completed 7,500 Six Sigma projects, saving or avoiding more than $1.4 billion in costs.
  • It has 2,500 active Six Sigma projects involving 10,000 of its 34,000 employees.
  • Next year, senior managers at Cummins will be required to have Six Sigma certification before they can switch jobs or be promoted.
  • Now the Columbus-based company is encouraging its customers, suppliers and business partners to join the movement.

Read more…

Filed under: Benefits and Savings, Cummins, Deployment, iSixSigma, Processes, Six Sigma Organizations, Team Dynamics, Training

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