What is Six Sigma and its Impact on your Business?

Six Sigma provides companies with a series of interventions and statistical tool that lead to breakthrough improvements in profitability and quantum gains in quality, whether a company's products are durable goods or services.
Six Sigma is a letter in the Greek alphabet used to denote the standard deviation of a process (standard deviation measures the variation or amount of spread about the process mean).
A process with "Six Sigma" capability means having 12 standard deviations of process output between the upper & lower specification limits. Essentially, process variation is reduced so that no more than 3.4 parts per million falls outside of the specifications limits. The higher the sigma number, the better.
The "Six Sigma" term also refers to a philosophy, goal and/or methodology utilized to drive out waste and improve the quality, cost and time performance of any business. On average, one Six Sigma project will save an organization between $100,000 and $ 200,000. Black Belts with 100% of their time allocated to projects can execute five or six projects during a 12-month period, potentially adding over $1M to annual profits.