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Using Six Sigma in the Finance industry helps to reduce costs which are based on strategic and calculated decisions. A Six Sigma team can take charge of a financial team, tasked with analysing data, to suggest modifications and improvements within the corporation. The two teams can work together to make the best decisions for the company, as the finance team will have a greater understanding of which decision will be better for the company financially, whereas the Six Sigma team can impart their knowledge and use data taken from all areas of the industry to work out ways to alter day-to-day practices.
In Marketing, Six Sigma is used to create an invaluable model of the target market for products and services. This can be called the “Voice of the Market”, and this helps drive both the strategic and operative projects that are needed to organise a business and arrange its marketing strategy. Furthermore, this alters the way that decisions are made, basing them solely on facts and statistics instead of estimation and agendas. As such, Six Sigma can be advantageous to marketing in any company of any size.
The Six Sigma strategy is very well suited to the Healthcare industry as it involves prioritising tasks for completion. It is a tactic which ensures that better health care is provided to the public. Used efficiently, Six Sigma can be used to alleviate a whole range of quality issues which can arise in this sector, from equipment faults to workflow and billing. This industry concerns saving lives and so achieving the best quality healthcare should be the primary objective. Six Sigma can provide the opportunity to do this.