Six Sigma Application: How reducing variation saves money in both raw materials and inventory.

This video will explain how the reduction of process standard deviation saves money in raw materials while maintaining your organizations acceptable risk. This video also shows how reducing variability in time reduces inventory levels while maintaining your organizations inventory risk. By inventory risk I mean the risk on having demand for a part but not having availability of the part.
By reducing variability in time I mean the variability in the time that production experiences from the time they get a signal to send a purchase order to purchasing to the time they actually send the purchase order. The second element of variability in time would be the variability that the purchasing department takes from the time they receive the purchase order to the time they place the order with the supplier. The third element of variability in time would be the variability that the supplier produces from the time they get the order from the purchasing department to the time the customer receives the order. Of course there could be more elements of variability in time but these are the ones we use in this particular example.
This video also describes how variability in forecasting can also create the need for additional inventory.
Inventory reduction methodologies.
Saving money by reducing raw material usage.
Examples of Six Sigma Projects.
Six Sigma Training
Six Sigma Black Belt Training
Six Sigma Green Belt Training
Six Sigma Yellow Belt Training
Six Sigma online training
ASQ CSSBB online training
ASQ CSSGB online training
ASQ CSSYB online training
Continuous Process Improvement

Видео Six Sigma Application: How reducing variation saves money in both raw materials and inventory. канала Alpha Training and Consulting