May 4, 2013

Saturday Learning Series - Six Sigma Course from MIT (Part 1)

MIT has a course on Six Sigma.  I was curious about it and started watching the video.  I thought that it might be a good course to bring back the Saturday Learning Series.  We shall see, it could be as dull as wet paste.  But I'll be sharing the videos over the next few weeks at least.

If you aren't familiar with Six Sigma, it's defined in Wikipedia as follows:
Six Sigma is a set of tools and strategies for process improvement originally developed by Motorola in 1985.[1][2] Six Sigma became well known after Jack Welch made it a central focus of his business strategy at General Electric in 1995,[3] and today it is used in different sectors of industry.[4]

Six Sigma seeks to improve the quality of process outputs by identifying and removing the causes of defects (errors) and minimizing variability in manufacturing and business processes.[5] It uses a set of quality management methods, including statistical methods, and creates a special infrastructure of people within the organization ("Champions", "Black Belts", "Green Belts", "Orange Belts", etc.) who are experts in these very complex methods.[5] Each Six Sigma project carried out within an organization follows a defined sequence of steps and has quantified value targets, for example; process cycle time reduction, customer satisfaction, reduction in pollution, cost reduction and/or profit increase.[5]
Let's hope it's good.

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