COURSE OVERVIEW:

Businesses today seek an effective corporate performance measurement system to maximise the bottom line. With the advent of the Internet, ongoing globalisation, and standardisation in management systems, business leaders must focus on how to measure performance to monitor their continued viability and success. Many existing performance measurement systems were designed to support business practices and to monitor progress.

With shrinking margins and competitive pressures, however, corporate performance measurement systems must do more than monitor. They must identify opportunities for optimising profitability and growth, without pitting one against the other. The idea is to use performance measures to add value, instead of simply measuring for a formality. That is precisely what the Six Sigma Business Scorecard is designed to do.

The Six Sigma Business Scorecard combines the Six Sigma methodology for dramatically improving customers’ delight with the Balanced Scorecard method for achieving financial objectives.

The Six Sigma Business Scorecard utilises strategy to maximise profitability and growth, accelerate improvement, foster leadership accountability, and encourage employee involvement. It builds on proven methodologies and offers a new method for measuring corporate performance.

This course explores the Six Sigma Business Scorecard.

The first part explains the purpose, features, benefits and elements of the Six Sigma Business Scorecard. Then discusses the SIPOC analysis for constraints and how to manage the profitability process.

The second part discusses the process-based measurements, the business processes and the Six Sigma Business Scorecard Measurements.

The third part explains how the Balanced Scorecard method achieves financial objectives and customers delight. Also how the Six Sigma Business Scorecard is integrated into a Business Performance Index (BPIn). Then explains the Corporate DPU and DPMO and the Corporate Sigma Level. Finally, we provide a comparison between the Balanced Scorecard and Six Sigma.

LEARNING OUTCOMES:

By the end of this course, you will be able to understand:

·       What Six Sigma Business Scorecard?

·       The salient features of the Six Sigma Scorecard

·       The SIPOC analysis for constraints

·       The profitability management process

·       How to manage the profitability process?

·       The process-based measurements

·       The purpose of the Six Sigma Business Scorecard

·       The benefits of Six Sigma Business Scorecard

·       How accounting systems play a key role in most businesses?

·       The information age paradigm

·       The tools that generate information for executives in order to manage the business    

·       The business processes that you should consider while using the Six Sigma Business Scorecard

·       The aspects of a business that Six Sigma Business Scorecard encompasses of

·       How the balanced scorecard method achieves financial objectives and customers delight?

·       How Six Sigma Business Scorecard is integrated into a Business Performance Index (BPIn)?

·       How Six Sigma Business Scorecard is a great model for establishing a common target in terms of corporate defects per unit (DPU)?

·       The features of the Six Sigma Business Scorecard

·       The elements of Six Sigma Business Scorecard

·       The important leadership processes

·       Purchasing and supplier management

·       Sales and distribution

·       Service and growth

·       Six Sigma Business Scorecard measurements

·       The corporate DPMO and Sigma level.

·       The difference between balanced scorecard and Six Sigma Business Scorecard

COURSE DURATION:

The typical duration of this course is approximately 2-3 hours to complete. Your enrolment is Valid for 12 Months. Start anytime and study at your own pace.

COURSE REQUIREMENTS:

You must have access to a computer or any mobile device with Adobe Acrobat Reader (free PDF Viewer) installed, to complete this course.

COURSE DELIVERY:

Purchase and download course content.

ASSESSMENT:

A simple 10-question true or false quiz with Unlimited Submission Attempts.

CERTIFICATION:

Upon course completion, you will receive a customised digital “Certificate of Completion”.