Showing posts with label Business Management -2. Show all posts
Showing posts with label Business Management -2. Show all posts

Six Sigma Belt Levels

What Six Sigma Belt

Six Sigma

Six Sigma tools and techniques are used to improve production processes, eliminate defects and ensure quality. Six Sigma is first developed by Bill Smith in 1986. Later, engineers aimed to help improve company systems that did not meet quality standards at that time. Six Sigma implemented approach based on statistics and quality control methods taught by Walter Shewhart, Ronald Fisher, and Edwards Deming, who were, Walter Shewhart pioneered in the field of statistical quality control (SQC) and also came up with the Plan Do Check Act (PDCA) model. Edwards Deming is credited with developing sampling techniques used by the Census Department and the Bureau of Labor Statistics in the United States. Sir Ronald Fisher's work popularized many statistical techniques that are used today. For example, Student's distribution, P value, F distribution among others.

Six Sigma Belt Levels

There are six different certification levels, including, White Belt, Yellow Belt, Green Belt, Black Belt, and Master Black Belt.

Six Sigma White Belt

Six Sigma White Belt is a basic Six Sigma certification degree that deals with the main concepts of Six Sigma. White belts support change management in government and work with local problem-solving teams that support initiatives.

Six Sigma Yellow Belt

At the six sigma yellow Belt level, you know the specifics of Six Sigma, how and where to use it. You will support project teams in problem solving roles.

Six Sigma Green Belt

At Six Sigma Green Belt level, you understand advanced analysis and can analyze problems that affect quality. Green belts lead projects and black belts assist with data collection and analysis.

Six Sigma Black Belt

Black belts are for the experts and agents of change. In Black belts  the expert add the principles, provide projects training.

Six Sigma Master Black Belt

Master Black Belt is the ultimate Six Sigma achievement. At this level you will form a strategy, develop key metrics, act as a consultant and coach for black and green belts.

William Edwards Deming Quality Management

Deming Quality Management

William Edwards Deming 

William Edwards Deming (1900-1993) was a leading thinker in the field of quality management. He pioneered a philosophy and methodology that allowed individuals and organizations to organize and continuously improve their relationships, processes, products and services. His philosophy is cooperation and continuous improvement; He avoids blame and redeems mistakes as opportunities for improvement.

Deming's 14 points for management

Deming's 14 points establish a consistent goal for product and service improvement, achieving convergence, staying in business, and providing business a new philosophy. Western management must rise to the challenge, learn their responsibilities and take the lead for change. Stop dependence on mass inspection. Quality in fact from the beginning. The end of the business is based on the price. Move to one supplier for each item, based on a long-term relationship of trust and confidence. Constantly and always improve the system of production and service to improve quality and reduce waste. Organizational training and retention. Leadership Institute to help people do their work better. reduce the fear so that employees can work effectively for the organization. break down barriers between departments. People in research, design, sales and production must work as a team to anticipate and solve production problems. eliminate slogans, encouragements and targets for their work so that they necessarily achieve their goals. They should eliminate numerical quotas to consider quality and method rather than just numbers. To remove the barriers of pride. The Institute's vigorous program of education and re-training applies to both management and operations. Take action to complete the transformation. Management and the workforce must work together. Here, Deming describes the main barriers of management, He was referring to US industry and management practices. Lack of consistency of purpose to design products and services that will have a market and keep the company afloat. Emphasis on short-term profit and short-term thinking (just the opposite of a firm plan to stay in business), fear of an enemy takeover, and demanding money from bank owners. Performance evaluation and annual reviews. Mobility managers and job hopping. Management by use only available data. High medical costs. High liability costs. Deming said effective management and commitment to quality are necessary to combat these seven deadly diseases. He emphasized the importance of communicating quality messages to all staff and building trust in top quality management. The relevance of these principles to a broader general management application contributed to Deming's status as the founder of the Quality Management movement, not just quality and process control. This is because it has an audience that is much wider than lobby quality.

PDCA Cycle (The Deming Wheel)

The PDCA (Plan-Do-Check-Act) cycle consists of four steps or steps that must be carried out in order to go from difficulty to solving the problem. Plan for amendments to make the amendment. Let him not change the meanness of these things, when he was accused of them. Check to see if the changes are working and track the selected processes. It acts as a maximum benefit from the change.

Decision Support System And Management Information System

Decision Support System Management Information System
Decision Support System 

Decision Support System (DSS)

Decision Support System (DSS) is a computerized program to determine, judgments and action in a running organization or business. decision support system (DSS) analyzes massive amounts of data, compile comprehensive information that can be used to solve problems in business. decision support system (DSS) typically use target or projected revenue, past sales figures from different times and other inventory or activities related data using a DSS include  or past  to data. A decision Support System (DSS) is a computerized system that gathers and analyzes information, and produce comprehensive data reports, for policy making timely, problem-solving, and improve efficiency of operations planning management. Decision Support Systems DSS can be either completely computerized or powered by people. DSS can be used in operations management and planning departments to compose information in actionable by mid- to the upper-level management. Decision Support Systems DSS can be used in medical field, government agencies, agricultural and corporate. DSS present information to customer in an easy-to-understand way. A DSS system is useful, because it can be programmed to generate many kinds of reports, all based on user specifications. Decision Support System (DSS) helps the organization in planning by analyzes and synthesizes huge amounts of data based on the company prior information and current inputs. Decision support systems helps in making more informing decisions by the upper and middle level management using the current and historical company data for producing reports according to the user specifications.

Management Information Systems (MIS)

Management Information Systems (MIS) is considere as a data management system. Which is used to making plans, coordination, control, analysis and visualization data in the organization. The study of management data systems involves people, processing and technology in the norm. The use of a management information system increase the value of the business by providing data to managers in a timely and appropriate manner allowing them to take effectiveness decisions in a shorter time. In Management Information Systems (MIS) we study the people, technology, and organizations relationships. Management Information Systems (MIS) professionals help firms to make the maximum profit from investment in personnel, equipment and business process. Management Information Systems (MIS) is the people oriented field with emphasis on the service in technology. If you are interested in the technology and the desire to get the technology to improve the people's life, Management Information Systems (MIS) is for you. Businesses used data systems at all level of operation to pick-processing and store information. Management aggregate and discovery information in the form of data need to carry daily business business. Everyone who works in business, by someone who gives bills to a person who makes work decisions, uses Management Information Systems (MIS) data. A car dealership could use a computer database to keep track of the products selling. A retail store use a computer-based data to sell products on the internet. In fact, to concentrate the alignment of Management Information Systems (MIS) in the business to achieve competitive advantage in other businesses. Management Information Systems (MIS) Professionals Create data management systems for data, storing, searching or analyzing data in addition to manage various information systems to meet the needs of administrators, staff and customers by working collaboratively with various members of their work groups, both with their customers and clients, Management Information Systems (MIS) can play a key role in areas such as information security, integration and exchange. By using Management Information Systems (MIS), you will learn to implement plan and practice in business innovation to increase the effectiveness of the efficiency of your company.

Information System Decision Making In Business Organisations

Information System Decision Making Business Organisation
Information System In Business Organisations

Information System Decision Making In Business

How Information Gives You Competitive Advantage for business Organisations, according to Michael E. Porter and Victor E. Millar, information revolution is sweeping economy. No business Organisations or company can escape from the effects of information system. information are changing the way to do business and managerial decision making. business organisations are using information systems for competitive advantage and managerial decision making globally. Investing in information system support or shape a business unit’s organizational strategy and managerial decision making to provide a competitive advantage. Any information system like Business Process Management (BPM), Electronic Data Interchange (EDI), Management Information System (MIS), Decision Support System (DSS), and Transaction Processing Systems (TPS) helps the business Organisations to deliver a product or service at a lower cost in a specific market segment. Business organisations use several different types of information systems, which serves a different level of decision-making operational, tactical strategy.

Electronic Data Interchange (EDI)

Electronic Data Interchange (EDI) Information Systems typically exchange of purchase orders and invoices by integrating suppliers and distributors via Electronic Data Interchange (EDI), which improve speed, efficiency, security, and reduce the resources required to manage relevant business information in the organization. Cleo, True Commerce EDI, Jitterbit, Go Any where MFT are some of the Electronic Data Interchange (EDI) Information Systems softwares that can be used in a data integration platforms and supply chain management.

Transaction Processing Systems (TPS)

Transaction processing systems (TPS) are computerized based information systems, which is developed for the processing of business organisation's large amounts of data for routine business transactions such as payroll, TPS process airline tickets reservations, employee performance records, accounts payable and receivable in the business. Transaction processing systems (TPS) examples are ATMs, credit card authorizations, online bill payments, and self-checkout stations at retail stores.Transaction processing systems (TPS) enables all of the above services in real-time.

Business Process Management (BPM)

Business process management is an automated data integration process that streamlines operations, reduce costs and improve customer service. Unlike EDI, BPM is used both internally and externally, between applications within the business and between companies. Big financial institutions like Bank of America use BPM to fasten, integrate, and automate different applications - credit card, bank account, and lending, so it results in delivery time for economic transactions from weeks to minute.

Management Information Systems (MIS)

Management information systems (MIS) tools and programs support decision making. MIS collects and stores its key data and use in need of analysis, control, and decision-making. For example, input from sales of different products can be used to analyze trends performing well and not. Managers use this analysis to make semi-structured decisions such as making changes in future inventory orders and schedules. MIS is focused to increase business value and profit.

Decision Support Systems (DSS)

Decision support system (DSS) is an informative computer system that supports tasks or norms of decision making, Decision Support Systems (DSS) analyze a vast array of information and producing comprehensive information. As technology continues to progress, DSS is not limited to only giant mainframe accountants. But now DSS applications can be loaded on large shelves, laptops, and even mobile devices. Decision Support Systems (DSS) example, is a GPS system that traverses the fastest and best route between two points by analyzing and comparing multiple route options and factors in traffic conditions. DSS can make decisions at different levels within the organization, from executive to senior managers, and helps people make decisions on a variety of problems, ranging from highly built decisions to shaped decisions.

Collaborative System

As technology began to develop, information systems emerged that allowed workers to cooperate differently. Using tools like video communication Email messages, common Word documents, social networks, discussions boards and video conferences to brainstorm ideas and collaborate together without the need for face-to-face physical meetings.

Cloud Services

Cloud Services represent a variety of services delivered to companies and customers on the internet without the need for internal infrastructure or hardware. The example of Cloud Services are GitHub Code hosting platform for collaboration between computer programmers, Microsoft Share Point Web based file management and collaboration, G-Suite Software as a service (Saas) developed by Google.Online Video Conference Services Zoom, Cisco Webex Business communications platform that connects video and audio, Skype for Business Microsoft's online meeting platform.

E-commerce Supply Chain Management Strategies In Lockdown

E-commerce Supply Chain Management Strategies
E-commerce Supply Chain Management

E-commerce Supply Chain Management In Lockdown

In the COVID-19 lockdown leading e-commerce companies Amazon and Flipkart are taking various measures to secure the supply chains management. protect their employees by taking the right precautions and implemented a preventative health measures for all employees. increased cleaning sanitisation facilities of all door handles, stairway handrails, elevator buttons, lockers, and touch screens globally for safeguarding fulfilment network and delivery teams. Following WHO guidelines in all warehouse and constantly monitoring the health of employees and delivery associates. e-commerce firms like amazon and flipkart are gearing up its supply-chain and logistics network to tackle the Covid-19 pandemic lockdown. the two e-commerce giants Amazon and Flipkart have invested heavily in strengthening their supply chains management warehousing capabilities. They have expanded their logistic hubs in Tier-2 and Tier-3 towns. They follow the global WHO norms, and ensured that its all delivery partners are fully vaccinated. Since the beginning of the Corona COVID-19 pandemic in 2020, the major e-commerce companies have implemented a series of preventative health measures for all supply chains management. E-commerce giants like amazon and flipkart pointed out that they are working to achieve a fully vaccinated supply-chain workforce. The e-commerce giant added that they are undertaking strict hygiene measures and conducting relevant training schedules for its employees, according to the guidelines announced by the WHO, and the governments. They are providing a well sanitised supply-chain, initiatives like contact-less deliveries, and healthy safe delivery process, in the most hygienic and safe manner. B2B logistics platforms invested in the localised logistics network to ensure a smooth supply-chain operation. During the entire period of COVID-19, lockdown digital B2B e-commerce platforms like amazon and flipkart have keep the supply chains running by ensuring goods reach the buyers on right time. during a critical period of COVID-19 lockdown the B2B ecommerce revolution to grow their businesses and supply chain management scaling and getting the products in the hands of users safe and fast. E-commerce companies added the safety of customers and riders by encouraging a non-cash-on-delivery orders, contactless delivery, deploy double vaccinated fleet and deliver PPE kits in specific clusters. Though the entire Covid-19 lockdown period, the e-commerce companies like amazon and flipkart are well-prepared to continue and expand the supply chains operations smoothly as per guidelines issued by Who and various state and central governments and agencies without any impact to brands and customers.