rabaos

I am not aware, Please elaborate more on this

Rajiv, I understand your situation. This business model very common in such Industry. You have mentioned three issues with your factories. Late Delivery,Missing Information,Quality It is a challenge to manage out-sourcing suppliers and improve their process when you do not have direct control over it. I have 11-yrs of experience in similar industry and business model. Both LEAN and Six Sigma would be required to address above issues. If your management do not sponsor you, There is an alternative, Ask your suppliers to send atleast 1-person for such training. They would be interested and comply since they would like to be a preferred supplier. Getting GB Certificate is not important. Improving on above Matrices and Learing the methodologies are. To Begin with create Voice of Customer (VOC) i.e. your Specifications / Requirements. Then collect data on these Specs for each supplier. Analyse this data further to understand which supplier has large variation and needs improvement on which metrics. Anupam

Yes ! So, what is your objective for Asset Management.? Do you already have a process in place.?

Six Sigma GB Training is useful in any Industry. Tools taught in GB would help in reducing variations in processes. Best benefits from Training would be received when you have live project to work on. Now, briefly explain your processes and any challenges you are facing. This would help in assessing whether Training would be really useful in your case. Anupma

Chidambram, You are welcome ! Anupam

When Mathew is saying DSO is 90-days, how he has arrived at this figure. This must be from average of past few months. That means the data would have a spread MIN-MAX. Moreover, DSO is an implied matrics derived from Outstanding Invoices. Surely he must have collected data by selecting Invoices which are overdue. DSO = Amount Outstanding / (Avg Sales/Day ) Amount Outstanding = SUM(Invoice Outstanding X Invoice Amount) So, findout how many outstanding invoices were settled in 7-days, 15-days etc and Amount Settled respectively Therefore, one must plot a histogram and find out whether it follows normal distribution and calculate Mean and Std Deviation from basic statistics. This will help in setting the realistic target ( 45-Days if lies beyond 2-sigma is not practical ) Hope it is clear ! Anupam

Hi Mathew, Have prepared the Project Charter ? What analysis have you already done ? Have you plotted the histogram of the existing data ? Have you stratified the data ? Anupam

There are other Tools KANBAN 2-BIN, 3-BIN 1-Piece Flow Cellular Manufacturing Speghetti Diagram

Six Sigma is useful when you have to reduce variation around target mean. Data and Statistics are used for analysis. Tools used are MSA, FMEA, ANOVA etc. Lean is useful in minimizing wastes. Tools used are 5S, KANBAN, 2-BIN, VSM etc.