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Tackling The High-Tech Industry Challenge With Supply Chain Solution

The ever-changing dynamics of the high tech demand market coupled with increasing competitive pressure, short product life cycles and continuous evolvement of new technologies and suppliers, makes the supply chain operations of this particular industry prone to a number of challenges. Businesses, in order to be profitable and customer-oriented need to have an agile supply chain network, despite any number of external or internal challenges. In order to build a lean and responsive supply chain network for your high tech business, one that focuses on your customers, you need to list down all the problem areas that your supply chain and business may face, given the nature of the business.Supply chain certifications that will help you land a job and there are multiple organizations and certifications from which to choose. Short product life cycle An important fact that the high-tech industry needs to deal with is the ever-shrinking life cycle of its products. This industry is such that a new product today might become obsolete tomorrow. The rate at which products and technologies are fading away is extremely quick. The demand is constantly changing and there is immense competition from each side. If your competitor comes out with a new product or technology, your business may immediately take a toll. In an industry where product life cycles have shrunk from years to months and even weeks, it becomes imperative for business to continuously invest and come up with innovative technologies and novel ideas that will help you to stay one step ahead of peers. In short, the high-tech industry is all about ‘first mover’s advantage’. The one who is smart in in terms of bringing to the table revolutionary products, not just once but every single time, will be the player to survive and thrive in the high tech market. Constant cost pressure In order to be profitable in the high-tech industry, you must not only be innovative but ensure your products are sold at competitive prices. There is relentless pressure to reduce costs. This is because of two reasons. Many a time, there isn’t much difference based on features in a particular segment. Here, the major differentiation is based on price. If the features remain more or less the same, consumers will go for the brand that is offering product at a lesser price. Second reason is inflow of heavy competition. As more and more players enter the market, they bring in new technologies and supplier partnerships at lesser costs, which bring down the overall product cost. In order to compete with them, you need to not only take care of product features but also ensure that your prices are competitive. High costs will only cut down your market share. Compliance and regulatory challenges A huge challenge for the high-tech industry is the grappling focus on new rules, regulations, and policies. As business expands, the horizons of regulations and policies also become all the more stringent. Businesses need to be compliant at all levels, right from procurement to delivery. High-tech industry needs to tackle with what is called e-waste. Due to the short age of the products, businesses are responsible for how material is collected, recycled, and disposed off. The procedure is different for different countries and this further increases the challenge in implementing an end-to-end waste management system within the high-tech supply chain network. Visibility The warped up speed at which products are manufactured and flood in the market needs the support of a supply chain network that gives management insight and visibility into every single operation. Accurate and real time information regarding what is happening in the supply chain, lets managers take timely and quick decision. When management is able to gain view of what is happening across the different functions and levels of the supply chain, they can immediately come to know about the problem areas and take corrective action, making the supply chain network agile and responsive. Thanks to business intelligence, managers can get a deep analysis of the supply chain network operations and any issue or grievance can immediately come to their notice, thus allowing them to take quick corrective action, and at the same time ensure mistakes are not repeated. Visibility is a huge challenge but it is indispensable to building a customer-oriented high-tech supply chain network. There is no doubt that the high-tech industry faces a number of challenges in its supply chain operations. But higher the risk, greater the gains. Management needs to focus on implementing best of breed supply chain solutions and leveraging advanced analytics to overcome these challenges. By setting SMART goals and accordingly building supply chain strategies, businesses can build an agile and responsive network.

Tackling The High-Tech Industry Challenge With Supply Chain Solution

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Tackling The High-Tech Industry Challenge With  Supply Chain Solution

The ever-changing dynamics of the high tech demand market coupled with increasing competitive pressure, short product life cycles and continuous evolvement of new technologies and suppliers, makes the supply chain operations of this particular industry prone to a number of challenges. Businesses, in order to be profitable and customer-oriented need to have an agile supply chain network, despite any number of external or internal challenges. In order to build a lean and responsive supply chain network for your high tech business, one that focuses on your customers, you need to list down all the problem areas that your supply chain and business may face, given the nature of the business.Supply chain certifications that will help you land a job and there are multiple organizations and certifications from which to choose.

Short product life cycle

An important fact that the high-tech industry needs to deal with is the ever-shrinking life cycle of its products. This industry is such that a new product today might become obsolete tomorrow. The rate at which products and technologies are fading away is extremely quick. The demand is constantly changing and there is immense competition from each side. If your competitor comes out with a new product or technology, your business may immediately take a toll. In an industry where product life cycles have shrunk from years to months and even weeks, it becomes imperative for business to continuously invest and come up with innovative technologies and novel ideas that will help you to stay one step ahead of peers. In short, the high-tech industry is all about ‘first mover’s advantage’. The one who is smart in in terms of bringing to the table revolutionary products, not just once but every single time, will be the player to survive and thrive in the high tech market.

Constant cost pressure

In order to be profitable in the high-tech industry, you must not only be innovative but ensure your products are sold at competitive prices. There is relentless pressure to reduce costs. This is because of two reasons. Many a time, there isn’t much difference based on features in a particular segment. Here, the major differentiation is based on price. If the features remain more or less the same, consumers will go for the brand that is offering product at a lesser price.

Second reason is inflow of heavy competition. As more and more players enter the market, they bring in new technologies and supplier partnerships at lesser costs, which bring down the overall product cost. In order to compete with them, you need to not only take care of product features but also ensure that your prices are competitive. High costs will only cut down your market share.

Compliance and regulatory challenges

A huge challenge for the high-tech industry is the grappling focus on new rules, regulations, and policies. As business expands, the horizons of regulations and policies also become all the more stringent. Businesses need to be compliant at all levels, right from procurement to delivery. High-tech industry needs to tackle with what is called e-waste. Due to the short age of the products, businesses are responsible for how material is collected, recycled, and disposed off. The procedure is different for different countries and this further increases the challenge in implementing an end-to-end waste management system within the high-tech supply chain network.

Visibility

The warped up speed at which products are manufactured and flood in the market needs the support of a supply chain network that gives management insight and visibility into every single operation. Accurate and real time information regarding what is happening in the supply chain, lets managers take timely and quick decision. When management is able to gain view of what is happening across the different functions and levels of the supply chain, they can immediately come to know about the problem areas and take corrective action, making the supply chain network agile and responsive.

Thanks to business intelligence, managers can get a deep analysis of the supply chain network operations and any issue or grievance can immediately come to their notice, thus allowing them to take quick corrective action, and at the same time ensure mistakes are not repeated. Visibility is a huge challenge but it is indispensable to building a customer-oriented high-tech supply chain network.

There is no doubt that the high-tech industry faces a number of challenges in its supply chain operations. But higher the risk, greater the gains. Management needs to focus on implementing best of breed supply chain solutions and leveraging advanced analytics to overcome these challenges. By setting SMART goals and accordingly building supply chain strategies, businesses can build an agile and responsive network.

Samantha

Samantha Robin

Blog Author

Samantha, as a research and development blogger has more than 5 years of experience in writing blog posts that gives great insights to readers about the current trends in supply chain management solutions sector. She tries to make the world just a bit more pleasant enough by working on strategies that would help them prevent and create more awareness on SCM. Connect to know more

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Essential Guide to Six Sigma Green Belt Certification

What is Six Sigma Green Belt? A Six Sigma Green Belt is a professional who has a thorough understanding of the advanced elements of the Six Sigma Methodology. Green Belts lead improvement projects and also act as team members to be part of more complex improvement projects that are led by Black Belts.  Being well versed in all aspects of Six Sigma Methodology, a Six Sigma Green Belt is competent in subject matters of DMAIC (Define, Measure, Analyze, Improve and Control). A Green Belt certified professional is highly proficient in implementing, performing, interpreting and applying Lean Six Sigma. Who is eligible for the Six Sigma Green Belt? Being a people-driven process, the performance levels of a Six Sigma project are dependent on the expertise, commitment, and persistence of individual team members. When considering the roles that provide a contribution to the project, only the higher roles like that of Black Belt are often considered. However, Green Belts also have a crucial role in improving the performance of projects. Green Belts are efficient team members and their objective is improving process quality. They help in bridging the gap between the real-world application and theory behind Six Sigma. They play an important role in process improvement, project management and data inspection. A Green Belt certification training teaches the candidates about the basic tools that a project team uses and application of DMAIC skills relative to a Six Sigma project. Six Sigma Green Belt certification is meant for candidates who have work experience in business management or supply chain and have an interest in terminologies like waste reduction and continuous improvement. Earning the certification improves the proficiency of the candidates, making them more desirable for employers. The certification is best suited for professionals who are responsible for improving outputs, controlling costs and helping in improving results. How to get certified in Six Sigma Green Belt? Six Sigma certificate can be earned through different providers. Some major certification providers include ASQ, IASSC etc.  The following section explains the process for you to get certified in Six Sigma Green Belt,  Learn the relevant subject matter You will first need to learn the relevant subject matter, appear for and pass an examination that tests proficiency and competency in a hands-on environment. You will then need to purchase learning materials to train online or enrol into a classroom training course provided by an accredited training school.  Pass a written examination The next step is to pass a written examination consisting of multiple-choice questions and secure For the IASSC Certified Lean Six Sigma Green Belt Exam™, you will need to attempt a 100 question, closed book, proctored exam within a 3-hour period.  Complete Quality projects On securing a score of 70% or more, you must complete quality projects related to the concepts of Green Belt. You will then be awarded the professional designation of IASSC Certified Green Belt (IASSC-CGB™) from the International Association for Six Sigma Certification. What are the roles and responsibilities of a Six Sigma Green Belt? A Green Belt is an employee of an organization who has training on the improvement methodology of Six Sigma. The main aspect of their full-time job is leading the process improvement to get high-quality products or services. Green Belts spend a considerable amount of time on strategy building and decision-making components of the Six Sigma project planning process.  With a thorough knowledge of the overall process, they help deliver feedback and driving performance goals by working with centralized project managers. The main responsibilities of a Six Sigma Green Belt are:Lead the project team of Six Sigma improvement Work under a Six Sigma Black Belt’s supervision. Analyze quality problems and solve them Work in coordination with the project’s data collection process team and provide validation to the measurement system Green Belts operate within the limits of their functional area Assist in the improvement of team facilitation skills Develop Project charter along with Supplier, Input, Process, and Output (SIPOC) Diagram for the project What are the benefits of Green Belt Certification? Professional development Earning Green Belt certification equips you with different skills that help the organization you are working for. These skills are useful in day-to-day interactions as well. The training for Six Sigma Green Belt makes you capable and confident enough to discuss complicated subjects, solve problems in an effective manner and provide helpful recommendations Financial advantages When you earn Green Belt certification, you have the confidence of finishing projects effectively and reducing costs of operation for your organization. Generally, organizations need to pay reserve funds for every project for timely completion of project and getting positive output from the project. However, it might not be needed to use reserve funds if Six Sigma Green Belt principles are implemented properly. Benefits to the customer A Green Belt expert can help in providing better products and services, thus ensuring the loyalty of the customers. A lot of clients look for companies making use of Six Sigma. Green Belt experts improve the reliability of an organization, attracting new customers with the assurance of best quality products or services. Competitive advantage Six Sigma can be applied in the sales pitch and advertisement of your business too. By getting a Six Sigma Green Belt certification and implementing Six Sigma, you can help maintain a performance level that is ahead of the competitors. Six Sigma provides you with the required confidence and expertise. It revolves around accumulating information and investigating, which is why the decision-making process won’t be that complex. Six Sigma Green Belt Certification Exam Requirements The requirements to get Six Sigma Green Belt certified are mentioned below: Work experience A Green Belt is an employee who spends some time as a part of process improvement teams. They perform the job of analysing and solving quality problems. They are usually involved with quality improvement projects like Six Sigma. To get Green Belt certified under ASQ, you need to have a work experience of at least three years in an area or more in the Body of Knowledge of Six Sigma Green Belt. The IASSC certification does not have any prerequisites. The job has to be a paid, full-time one. Co-op, paid intern or other course works are not applicable for the work experience requirement.For the CSSC certification, there are no prerequisites. Education:There are no educational waivers granted. Expectations A certified Six Sigma Green Belt is expected to: Operate in the supervision of or in support of a Six Sigma Black Belt Solve and analyze quality problems Be involved in quality improvement projects Has a work experience of minimum three years Be capable of demonstrating their understanding of tools and processes of Six Sigma. Exam format Six Sigma Green Belt Here is the exam format for Six Sigma Green Belt for all the Accrediting bodies: ASQType of questionsNo of questionsDurationOpen/closedMCQ110 for computer 100 for paper-based Four and a half hour Four hoursOpen bookIASSCType of questionsNo of questionsDurationOpen/closedMCQ and True/False100Three hoursClosed bookCSSCType of questionsNo of questionsDurationOpen/closedMCQ and True/False100Non-TimedOpen bookHow to apply for Six Sigma Green Belt exam? In the section to follow, we guide you through the certification process through the International Association for Six Sigma Certification (IASSC), the Council for Six Sigma Certification (CSSC) and the American Quality for Quality (AQS). Certification from the International Association for Six Sigma Certification (IASSC)  For the IASSC Certified Yellow Belt, you have to apply for the ICYB exam, take the exam, and achieve a passing score. To apply for the exam, you will be contacting your KnowledgeHut representative who will order the exam voucher. The certification fee is not included in the course fee. After this, you will be able to take the exam. Certification from the American Society for Quality (ASQ) While applying for the ASQ Six Sigma Green Belt exam, you have two options: Computer-based exam This is a one-part exam is offered only in English and it consists of 110 questions and has a duration of four and a half hours. Paper-based exam This one-part exam consists of 100 questions and has a duration of four hours. This exam is offered in English, Mandarin and Spanish, based on specific locations. Depending on what you prefer, you can visit your exam provider’s website and apply for the exam by following relevant steps. Prometric is one such testing partner. Here is how you can schedule your exam. Go to Prometric’s official website. Click on Schedule Your Exam present under the Test Takers section. Search for ASQ in the search bar. Click on Read More. Under the Actions table, select the Schedule option. Select your Country. On the next page, Read Information Review and hit Next. Agree to the Privacy policy and click on Next. Enter your Eligibility ID and other details. Next, select Yellow Belt in the appointments section. Select a suitable date and time for the exam. Your exam will be scheduled. Certification from the Council for Six Sigma Certification (CSSC) For the CSSC Six Sigma Green Belt exam, follow the below-mentioned steps: Visit the link. Click on ‘Add to cart’. A pop-up will appear. You will see the options ‘View Cart’ or ‘Checkout’. Select the Checkout option. Fill in the details.  Complete the payment. Your order will be placed. How long does it take to get my Green Belt certification exam results? It is always important to be promptly notified of the exam results. The results are usually provided in quick time. If you have taken the IASSC Certified Lean Six Sigma Green Belt Exam™, you will be provided your results through email within 1 to 2 days after giving the exam. If you pass the exam, you will be getting a certification from the IASSC. What is the average salary of Six Sigma Green Belt certified professionals? The Green Belt certification is for a mid-managerial role that involves implementation of Six Sigma methodologies. Positions that a Green Belt may undertake include: Process Engineer Quality Assurance Manager Quality Manager Supplier Quality Engineer Continuous Improvement Manager. According to a study revealed by Indeed.com over 12 months from more than 222,000 data points, the range of average annual salary for a Lean Six Sigma Green Belt certified professional is from $71,381 per annum to $101,869 per annum. A Six Sigma Green Belt earns around $72,000 per year on an average. According to PayScale.com the average annual salary for a Green Belt certified individual is approximately between $65,000 per annum and $79,000 per annum. The annual salary also tends to vary based on the Green Belt role. Average salary for a Process Engineer is $73,166, Quality Manager is $79,141, Continuous Improvement Manager is $77,141, and a Quality Assurance or Quality Control Engineer is $66,030 per annum. *All the figures are from Indeed.com's salary estimation based on job advertisements and 512,851 employees.Gain competence in applying the Six Sigma philosophy. Check out our latest courses here and get the personalized guidance you need.
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Essential Guide to Six Sigma Green Belt Certificat...

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What is Six Sigma: An Essential Guide

Six Sigma is a methodology providing the organization with the tools to improve the quality of business processes. It leads to a decrease in process variation and increase in performance helping in reducing defects and improving employee morale, profits, and quality of services or products. There have been different definitions proposed for Six Sigma with the following common threads:  Using teams that have been assigned well-defined projects and can directly impact the bottom line of the organization Training people of all levels in statistical thinking and providing extensive training in project management and advanced statistics to key people Emphasizing on the DMAIC approach for solving problems Creating a management environment supporting the initiatives as a business strategy In this article, we will provide you with a brief overview of the Six Sigma methodology. We introduce the philosophy, the tools, the methodology and the metrics and then dive deeper into how Lean and Six Sigma complement each other by understanding their key elements and principles. We then examine the success factors involved while introducing the Six Sigma methodology and what you can do to enhance your career prospects in Six Sigma. Six Sigma: A Quick Guide Philosophy Six Sigma defines all the work as processes that follow the DMAIC approach of defining, measuring, analyzing, improving, and controlling. For the processes, you require inputs (x) which will produce outputs (y). To control the outputs, you need to control the inputs. This can be expressed as y=f(x). Tools For implementing the six sigma approach, certain tools or quantitative and qualitative techniques are required for driving process improvement. These tools include process mapping, control charts, statistical process control (SPC), and failure mode and effects analysis (FMEA).  Although, no specific set of tools have been selected as the tools for six sigma. Methodology In this view of six sigma, there is recognition of the rigorous and underlying approach named as DMAIC. It involves defining the steps a practitioner must follow. This includes identification of the problem and implementing a long-lasting solution. There are other six sigma methodology but DMAIC is the most recognized and adopted. Metrics The quality performance according to six sigma is 3.4 defects per million products or services.  Lean and Six Sigma Lean is another methodology that focuses on starting up the process emphasizing on the business model over the business plan. It also includes encouraging the process of development and customer discovery and iterating for achieving the right market fit or product.  There is no significant difference between lean and six sigma. More often than not, the term ‘lean six sigma’ is used because, for process improvement, both approaches are used for attaining positive results. The focus of six sigma is to enhance process control and reduce process variation. Lean works on promoting work flow and standardization and driving out waste like non-value added procedures and processes. Lean six sigma is a data-driven philosophy that believes in preventing defects over detecting defects. It reduces waste, variation, and cycle time for driving bottom line results and customer satisfaction and promoting the use of work flow and standardization.  Three key elements of Lean Six SigmaThere are three main elements of lean six sigma which reinforce each other:  Process and Methodology: These are a series of phases organizing the problem-solving tools for ensuring that all the root causes are found a solution can be implemented. Tools and techniques: There is a comprehensive set of analytical techniques and tools that are used for identifying and solving problems. Mindset and culture: This is a way of thinking relying on processes and data for achieving continuous improvement and operational performance goals. Principles of Lean Six SigmaTo achieve quality improvement goals, the following principles must be kept in mind: Focus on the customer If you are taking an approach to Six Sigma, it is important that you know what you are doing and why you are doing it. When you are working for making improvements on a single process, the scope will be limited with limited concentrations. But, when we work on six sigma, we don’t work with a single process. We use the principles of six sigma for driving the business forward.  The primary thing of what we want to achieve through six sigma is delivering the value and improving the value for the customer. You don’t have to optimize the production process for a product or a service that no one wants.   Understand how the work is done To make any improvements to the process, you must know how the process occurs. There are documentation for processes and workflows that you can use for business process management. You can use a technique named process mining where software is used for analyzing the work done by the team so that you can find how tasks are done.  Once you have documented the process, you must use some tools for checking that the work is done in the correct way. This is known as conformance checking. Make a smooth flow of processes One of the main aspects of six sigma is making everything process driven. For achieving this you need to figure out what the problem is and understand it. Bottleneck is a common problem occurring within a process where a certain process is performing below the standard. There are tools that can be used for identifying and highlighting bottlenecks. Reduce waste and concentrate on value If you want to prioritize value, then you need to eliminate everything that doesn’t add to the value. According to Rene T. Domingo, professor at the Asian Institute of Management and author of several books on Quality Management, you can eliminate waste by following these five steps: Making it visible Being conscious of it Being accountable for it Measuring it Reducing or eliminating it  Remove variations by stopping defects To reduce defects, you need to optimize a process and run it right every time. For this, you need to standardize your processes. For cutting more defective output, you need to remove variation had let the process run every time at its best level.  Standardization is the key thing to focus on while manufacturing products and working with industrial and mechanical styled production systems.  Collaborate and get the buy-in from the team While it is the job of analysts and managers to make decisions, employees that are involved in the process can have some important insights as well. Different team members involved in the process improvement project are titles like process owner, process champion, green belts, and black belts. For getting buy-in, involving the staff is essential, at least through consultation. Make your efforts scientific and systematic There is a scientific quality to six sigma resonating in the data-driven world we are currently living in. Now that we have so much data on how things are operated, you have to find ways for leveraging that data for creating and maintaining improvements.  Success factors in implementing Six Sigma Once you have implemented the principles of six sigma, be aware of other key factors that determine the success of the methodology, such as: Leadership responsibility The leader of a project plays an important role in making a project successful. They are responsible for prioritizing all the business activities and ensuring that the team has the resources to begin the production process.  Resource allocation A project manager is responsible for employing the right members of the team. It the employed members are six sigma certified members, they can be assigned with the task of monitoring the process of project development. Also, they will already be familiar with the techniques and methods of six sigma.  Training It is important that all the employees of the organization go through a proper training session to get all the required information regarding the project. Also, they must be familiar with the tools that will help in the successful completion of the project. Project approach The status of the project should be reviewed regularly by a senior management team, stakeholders through team meetings. All the members working on the project can share their suggestions and feedback in these meetings.  Reporting All the procedures involved in the six sigma must be documented correctly. This will help the organization know about the financial impact made by the implementation of six sigma methodologies.  In conclusionIn this article, we have discussed the various definitions of Six Sigma and the key principles to achieve quality improvement goals. We introduced the philosophy, the tools, the methodology and the metrics and then took a deeper dive into how Lean and Six Sigma complement each other. We also examined external success factors in implementing Six Sigma.Whether you are a graduate in any stream, an engineer, or an MBA professional, if you want to enhance your career prospects and salary gains, then make sure to get certified in Six Sigma courses. Begin with a Green Belt and climb your way up to master the Black Belt.
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What is Six Sigma: An Essential Guide

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Top 10 Six Sigma Tools

Six Sigma is a fact-based, data driven philosophy of quality improvement used to drive business process improvement, customer satisfaction and bottom-line results. The Six Sigma expert uses qualitative and quantitative techniques to drive process improvement. With the right tools, not only will there be an elimination of waste, but also an increase in profits and productivity of employees. Although the tools themselves are not unique, the way they are applied and integrated as part of a system is.  In this article, we present the top ten statistical and graphical tools commonly used in improvement projects. Value-Stream MappingValue stream mappingThis tool, part of the lean six sigma methodology performs outlining of the materials and information neededto take the product to market, all the way to the customer. It is useful to streamline the process of production. While lean manufacturing is the predominant industry where value-stream mapping is used, it finds application across other several other industries as well. The primary focus of this tool is to visualize the information as error rate, time period, and unnecessary delays that occur within the process. The value-stream map has three parts: Process Map: This contains all the steps included in the business process. Timeline: It comes from the process map for summarizing all the data that was used during the process. Information Flow: It explains the interaction that every step has with one another. Cause-and-effect Analysis  One of the most common six sigma tools, cause and effect analysis allows for brainstorming the different causes of a problem. The cause-and-effect analysis diagram is also referred to as the fishbone diagram due to its resemblance to the fish’s skeleton.  Fishbone diagram aka Cause-and-effect diagramThe first step in this is to analyze and identify the problem for which the solution is being sought. Make sure that you note down where and when a process is occurring and who is working on it. In the next step, write down the issue on the left side in a box. Now, make a horizontal line that extends to the other side. From there, you will be making vertical lines that will be extending off giving a view like a spine. On each of these lines, you will be writing the major cause that can be behind this problem and the reason behind that cause. Next, you will be breaking down these causes into sub-causes. Once you are done with the diagram, you will have all the possible causes of your issue. You need to test and analyze this result. The Five Whys  Sometimes, organizations mayfind an issue occurring repeatedly and no matter how many times it is fixed, it bounces back after some time. These problems are the result of a deeper underlying issue at the core. This is where a tool such as the Five Whys is useful. The Five Whys methodCreated in the 1930s during the Japanese Industrial Revolution, this method involves asking the question ‘why’ five times. It is best suited in dealing with moderately difficult issues. Although it sounds like an unsophisticated method, when used in conjunction with other six sigma tools, the method yields impressive results.  Onedoes not necessarily need to ask ‘Why’ five times and may reach the root cause sometimes in one or two Whys itself. However, one may also end up going up to seven to eight Whys. In general, however, five Whys are observed. As a caveat, you are not to proceed further if you find the root cause going beyond your control. In these cases, you must take a step back and work on the root cause. Kanban System  This is a supply chain control system focusing on cost reduction. This is done through the implementation of the inventory control system. Because of its potential benefits and ease of use, Kanban is one of the most famous six sigma tools.   Kanban methodLet us take the example of a supermarket. When the refrigerator at the supermarket is stocked, the store does not stock it up for months or years.Neither does the store keep products that it doesnot expect to sell right away. Similarly, in Kanban, you create a shopping list of products that you need, based on the customer's demand. Kanban uses this arrangement and makes the firm’s output controlled by its inventory supply.  The Kanban system is known for limiting the inventory-holding for all the business processes. This frees up additional resources which can be used better. There is a simple idea behind the Kanban system: activate the supply chain only when there is a demand for it. This brings focus to the business process and improves its efficiency.  Pareto Chart  This is a graphical representation of the Pareto Principle. It states that in any given situation, 20 percent of input will produce 80 percent of output. There are a line graph and a bar graph on the chart. The bar graph is representing the different metrics of the different components of the business processes. The line graph is representing the cumulative total of the metrics. Example of a Pareto chartWith this tool, you will be able to visualize which part of the process will be influencing the output most. For creating such charts, the first step is figuring out all the processes’ components and measuring them. After you have completed this, you put the data into the Pareto chart. Every component has a big influence on the outcome. You will also be able to get an idea of what requires immediate attention. Process Mapping  This is a method of visualizing the business process and having a better understanding of how it works. A map will be outlining the standard, roles, and responsibilities that are involved in the process. All the data is presented in a structured way displaying the steps of the process. This also includes what the inputs/outputs are, who is responsible for what, and what is the relevant information for the processes.  When it comes to process solving, business process mapping helps a lot. With this, you visualize the complete process which makes it easy to identify the issue, thus allowing you to get directly to the cause. Also, you will be visualizing the roles of the people that are involved in the process. With business process mapping, you will be able to find the potential risks created by the processes. While creating the map, you will have to rethink every step and look for any hidden liabilities. Example of a high-level Process mapThere are several maps from which the most appropriate one can be chosen for your business processes:  A flowchart is a less flexible process map. You can either draw it by your hand or use a software like MS Office. It is used for creating workflow diagrams. Swimlane diagram is just like generic flowcharts, only it has a better structure. The value stream map provides an in-depth option. It is hard to analyze it at first glance. Supplier Inputs Processes Outputs Customer (SIPOC) diagram is a simplified map focusing on the important aspects of the people and the process involved. It strips the extra information.  Project Charter  This is a document defining the scope and purpose of the project. You can use this as a blueprint of the business process and the project’s legal authorization. It contains the project’s scope and overview, details of the resources and the team, and its timeline. With this, you will have all the basic information regarding the project.  Project charterThe best thing about the project charter is that it keeps everything less chaotic. Once the team starts working on the project, it is easy to forget who is responsible for what, what deadlines need to be met first, etc. Things will get messier if the company doesn’t have a better managerial hierarchy.  With the project charter, you will be able to focus on what the project is all about. You will get a clear understanding of the structure of the project and what is the relationship among the people involved in it. It will help you bring order to your project and firm. This document is dynamic and undergoes evolution as and when project progresses. RACI Matrix RACI Matrix or Responsibility Assignment Matrix is a table describing the responsibilities of every member of the team regarding all the tasks involved in the business process. The full form of RACI is Responsible, Accountable, Consulted, and Informed.  Responsible is referring to who is going to achieve a specific task. Accountable is the one who assigns the tasks to everyone and monitors their progress. There is one accountable for every task. Consulted are a group of experts who will be providing their opinion to those who are working on the task. Informed are the people the team will be notified to after completing the task. Example of a RACI matrixThe RACI matrix contains tasks and team members on the left side and the top row of the table respectively. The intersecting cells will contain a letter about what a person is handling in the task. This matrix helps all the team members to understand their role in the process. Also, it makes seeing the gaps in the structure of the team easy and what roles must be filled. Regression Analysis This is a statistical process used to eliminate and understand the relationship between the different variables. You can use it for defining the relationship between the input and the output variable. With this tool, one can visualize patterns or deviation from the patterns in the workflow. Example of regression analysisRegression analysis is a reliable method of identifying which variables have impact on a topic of interest. The process of performing a regression allows you to confidently determine which factors matter most, which factors can be ignored, and how these factors influence each other. While working on regression analysis, one needs to be cautious in avoiding statistical illusions. Failure Modes and Effects Analysis (FMEA) Failure Mode and Effects Analysis (FMEA) is a structured approach to discovering potential failures that may exist within the design of a product or process.Failure modes are the ways in which a process can fail. The Failure Mode and Effects Analysis (FMEA) approachEffects are the ways that failures can lead to waste, defects, or harmful outcomes for the customer. The Failure mode and effects analysis is designed to identify, prioritize, and limit these failure modes. Lean Six Sigma practitioners often use this method to improve the quality of their services, processes, and products to detect and fix their problems even before they have occurred. In conclusion, of the many tools available to green belts, black belts, and master black belts, these ten tools are the most common. While every project is different and may require a unique application for its own purposes, you will be hard pressed to find a project managed by a six sigma professional that does not use at least four of these ten effective six sigma tools. 
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Top 10 Six Sigma Tools

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