Move Six Sigma Savings to Your Bottom Line.
. Most business process improvement activities do not yield the
PAndL dollar savings impact that executives expect to see. If this
is a challenge in your organization, you need "Six Sigma Financial
Tracking and Reporting." This operating manual shows Master Black
Belts, Black Belts, Project Champions, Sponsors, and Six Sigma and
Lean Manufacturing/Enterprise practitioners how to increase the
yield of savings dollars that hit the bottom line. This is a major
challenge for any improvement initiative..
. Loaded with advanced yet practical approaches, leadership
pearls, and analytical solutions you can use to get more out of
your improvement activities, this book: . Clarifies why some
savings do not have a PAndL impact. Explains the interplay between
Six Sigma savings and business activities. Makes it easier for
operations managers, accountants, and engineers to speak the same
language.
. Success stories and actions taken at Motorola, Agilent, Allied
Signal, General Electric, a private healthcare foundation, and
other organizations will hold your interest and provide a steady
stream of innovative ideas that will demystify accounting
procedures, clarify the role of leadership, and gain more alignment
inside the organization. .
. Achieve a clear line of sight from project savings to
financial accounts:
. Model for getting savings into the PAndL * Designing bridge PAndL
model structure--Define in DMAIC * Tracking and communicating
bridge metrics--Measure in DMAIC * Identifying the things that are
"off track"--Analyze in DMAIC * Planning corrections to keep "on
track: --Improve in DMAIC * Adjusting the support systems to
sustain thePAndL bridge--Control in DMAIC * Getting the savings in
struggling or transitioning industries.
. As Six Sigma and Lean Enterprise techniques continue to evolve
and become more engrained in business, it is harder to track the
impact of savings on a project basis. Through the use of case
studies, worked-out examples, and benchmarking techniques, this
team of experts from Motorola University helps you to put the right
infrastructure in place for project identification, project
scoping, and financial reporting. You will be able to: . Achieve a
clear line of sight from project savings to financial accounts.
Prove the net worth of your improvement projects to your CFO. Find
ways to justify cost avoidance on your bottom line. Examples of how
to financially track Six Sigma projects. Establish metrics that
represent reality. Simplify metrics you use to measure project
impact.
. With this powerful resource you will learn how to get reported
roject savings into the PAndL, simplify financial reporting, and
shepherd projects to successful completion. With this book, your
Six Sigma or Lean Manufacturing team can accomplish more projects
each year, achieve a superior ROI, and quickly surpass your
competitors following traditional improvement approaches..
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