proposal - six_sigma
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MBA Project Synopsis / Proposal
`
Project Proposal
On
“Six Sigma in Indian industries”
Prepared by Mr. Atanu Maity
Roll No : 000-0000000
XXXX XXXX University
For Project Report of this project email [email protected]
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MBA Project Synopsis / Proposal
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Table of Content
INTRODUCTION: ..........................................................................................................3
OBJECTIVES: .................................................................................................................5
HYPOTHESIS: ................................................................................................................5
METHODOLOGY: ..........................................................................................................6
PRIMARY DATA: ..........................................................................................................6
SECONDARY DATA: ....................................................................................................6
BIBLIOGRAPHY: ..........................................................................................................6
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MBA Project Synopsis / Proposal
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Six Sigma in Indian industries
INTRODUCTION:
Six Sigma is a statistical concept that measures a process in terms of defects.
Achieving "Six Sigma" means your processes are delivering only 3.4 defects per
million opportunities (DPMO) - in other words, they are working nearly perfectly.
Sigma (the Greek letter σ) is a term in statistics that measures standard
deviation. In its business use, it indicates defects in the outputs of a process, and
helps us to understand how far the process deviates from perfection.
A sigma represents 691462.5 defects per million opportunities, which translates
to only 30.854% of non-defective outputs. That is obviously a poor performing
process. If you have a process functioning at a three sigma level that means
you're allowing 66807.2 errors per million opportunities, or delivering 93.319%
non-defective outputs. That's much better, but we are still wasting money and
disappointing our customers.
The central idea of Six Sigma management is that if you can measure the
defects in a process, you can systematically figure out ways to eliminate them to
approach a quality level of zero defects.
In short, Six Sigma is several things:
A statistical basis of measurement: 3.4 defects per million opportunities
A philosophy and a goal: as perfect as practically possible A methodology
A symbol of quality
The goal of the Six Sigma is to enable you to understand what Six Sigma is
( both a simple and a complex question ), why it’s probably the best answer to
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improve business performance in years, and how to put it to work in the unique
environment of organization. In our mission to demystify Six Sigma for the
executive and professional, we hope to show you that it’s just as much about a
passion for serving customer and a drive for great new ideas as it is about
statistics and number crunching, that the value of Six Sigma applies just as much
to marketing, service, human resources, finance and sales as it does to
manufacturing and engineering.
Six Sigma is a comprehensive and flexible system for achieving, sustaining and
maximizing business success. It is uniquely driven by close understanding of
customer needs, disciplined use of facts, data, and statistical analysis and
diligent attention to managing, improving and reinventing business processes.
This is the definition that will provide the foundation for our efforts to unlock the
potential of Six Sigma for your organization. The types of “business success” you
may achieve are broad because the proven benefits of Six Sigma “system” are
diverse, including
Cost reduction
Productivity Improvement
Market share growth
Customer retention
Cycle-time reduction
Defect reduction
Culture change
Product/service development
and many more.
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OBJECTIVES:
1. To study the advantages of SIX Sigma.
2. To study the advantages and disadvantages of Six Sigma.
3. To perform a to-do check and process implementation in Indian Industries.
HYPOTHESIS:
1. Customer wants to implement Six Sigma in their existing process.
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METHODOLOGY:
Study is going to be conducted in the ABC company in Mumbai.
PRIMARY DATA:
A questionnaire survey will be conducted for the purpose of the study. The study
is based on primary as well as secondary data. Primary data will be collected
from questionnaires at ABC company in Mumbai.
SECONDARY DATA:
Secondary data is the data, which is already in existence. It will be collected
mainly through internet and some help will also be taken from books and articles.
BIBLIOGRAPHY:
1. Class A ERP Implementation: Integrating Lean and Six Sigma
- by Donald H. Sheldon
5. www.wikipedia.org
6. www.sap.com
7. www.oracle.com
8. www.nasscom.com
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9. www.google.com