Due to the sudden wake of Covid19, almost all the organisations are going to face an economic contraction in the coming future.

The inadequate receivables during this pandemic are likely to impact the cash positions of the companies.

Positive cash flow allows a company to operate, invest, and grow in a way to reach its potential.

It is important to keep in check the net amount of cash receipts minus cash expenses by monitoring, analysing, and optimising them.

Cash flow management helps in knowing when where and how your cash needs will occur.

Also, it helps in being prepared for meeting the additional cash needs whenever required.

An organization’s development depends on the ability to satisfy its customers and at the same time maintain a healthy bottom line.

Lean six sigma has emerged as a catalyst which speeds up the development by increasing the efficiency of processes in the organization.

Lean Six Sigma (LSS) is known for process improvement & reducing operational costs based on statistics.

It helps map, measure & improve the quality of a process.

Incorporating it in IT, helps develop detailed work instructions & manage its services to increase their service quality.

Lean Six Sigma Black Belt training is designed to help individuals master the concept of Lean and Six Sigma methodologies that are complementary; Lean is the set of tools that assist in the identification and steady elimination of waste, Six Sigma is a process improvement technique where the aim is to improve quality. Lean Six Sigma works with any process, product or service that has a definable and measurable performance goal as its working relies heavily on data.

Black Belt differentiates individuals in terms of their understanding of the applicability and implementation of the Lean Six Sigma methodologies. Black Belt training is for individuals who are decision-makers in various departments across any industry. Professionals who are involved in quality improvement and process control can also get certified Black Belt training. KPMG Lean Six Sigma Black Belt training aims at improving the ability of individuals to be able to lead transformation programs to solve various business issues and use the statistical and analytical methodologies to make decisions and decrease the level of process defects.
KPMG offers an 8-day 64-hour contact program that spans across two 4- day modules to adopt concepts and practice better. The experienced senior professionals in KPMG share their experiences and thoughts to make the learning experience beneficial for candidates. The whole training process will help professionals take process improvement to the next level and develop advanced statistical analysis techniques.

Completing the KPMG Lean Six Sigma Black Belt training will help an individual in data-driven problem solving, process transformation and to understand the concept of variation. Black Belts take charge of teaching and counseling business leaders and operations personnel to reduce variation and improve results. They are skilled in statistical analysis, project management, leadership, and communication.

Black Belt training requires a high degree of experience and understanding. Black Belts have in-depth knowledge about the DMAIC model in which Lean Six Sigma works. They can also train the Green Belts and get support from Master Black Belts if they get stuck up anywhere. Being a Certified Black Belt shows you have explicit skills and have a deeper understanding of the overall business process which makes you one of the highest-paid professionals globally.
Lean Six Sigma Black Belt is one of the most sought-after training programs as it cannot be attained easily and has numerous benefits too- individual as well as organizational.

For KPMG Lean Six Sigma Training registrations mail to [email protected] or call at +91 9555688555 or +91 9022033666.

Lean Six Sigma Black Belt Training Programme
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The ongoing outbreak of coronavirus presents an alarming situation in the minds of all.

From domestic workers to the private sector employees, this pandemic has held everybody’s lives.

In a situation that is impacting everybody globally, it is necessary to keep ourselves occupied by doing something or the other.

KPMG believes that knowledge never goes to waste and therefore, encourages its public to always learn new concepts and programs that are of integral importance to the industry.When in 1996 James Womack and Daniel Jones defined Lean, businesses knew this would be their calling.

Just like Six Sigma, Lean is a philosophical way to eliminate the unnecessary steps during creation of a product so that steps that add value could only be taken into consideration.

It uses PDCA- Plan Do Check Act Cycle, an iterative four-step management theory that talks about how one must plan their desired results, perform it or bring it to action accordingly, measure/ monitor the results and then finally take necessary steps to fill in the gaps between the desired and the end result.

Considering the current market scenario where customers have plenty of options, it becomes obvious, ‘why they are more appealed by quality than ever before?’.

What can help an organization stand out from the crowd & be in the good books of its customers?

Image the pull if you manage to serve your customers better, that too charging them less.

Lean Six Sigma helps you reach there.

Lean & Six Sigma are two different concepts; where the former aims at eliminating waste while the later at reducing variations.

Being able to eliminate waste saves cost, which helps you gain edge from the price perspective.

KPMG Lean Six Sigma Green Belt Training in Bengaluru, A 4-day thorough 32 hour programme designed with adaptive learning methodology.

The programme is delivered by senior KPMG in India professionals.

It orients participants towards fact- based decision making, use data to draw business conclusions, analyse current trends and matrices for their practical use, conduct in- depth cause analysis and innovate for performance improvement.

It brings practical demonstration of statistical tools and provides an opportunity to practise in a mini- group setup.

Six Sigma, well known for its statistical tools was founded in the early 1980s by Motorola. It is a process improvement technique that aims to improve quality. It works on the DMAIC (Define, Measure, Analyze, Improve, Control) methodologies and can be thought of as a measure of process performance, based on defects per million. This disciplined, continuous, statistics-based methodology has been built specially to eliminate defects in a process, product or service.
Lean Six Sigma combines tools, methods, principles of Lean and Six Sigma into a single powerful methodology to facilitate the improvement of organizational operations. This methodology has largely been accepted and adopted by big firms, global companies, startups, and even small businesses. Lean Six Sigma certification demonstrates the ability of a professional to improve the business standards and increase the efficiency of the organization he or she is working in. Some other reasons why people get Lean Six Sigma certification are-

Increases managerial skills: Completing a Lean Six Sigma certification course helps you have a clear understanding of quantifying and measuring financial benefits and acquiring risk assessment and financial management skills.

Applicable and valuable in every industry: Lean Six Sigma techniques are applicable in IT, Manufacturing, Service, Pharmaceutical and many more industries. Individuals having Lean Six Sigma certification have knowledge about many methodologies that can be used to increase profits and improve the efficiency of any business process irrespective of any industry.

Excellent Salary: Clearing Lean Six Sigma exams is not an easy task. It requires a lot of understanding, knowledge, and experience. Therefore, individuals with Lean Six Sigma certification are well paid and are among the highest-paid professionals globally.

Experience in quality management: As a certified Lean Six Sigma professional you’ll have the knowledge and understanding of applying theoretical knowledge in reality. Also, you’ll have more valuable experience than the other workforce.

Improve business processes: As a certified Lean Six Sigma professional you’ll be able to investigate, analyze and develop business processes and review the current processes to know their impact.

Develops innovation: Lean Six Sigma encourages teamwork and develops innovative thinking in the decision-making process in whichever organization it is applied in. This leads to better solutions and the promotion of new ideas and possibilities.

Strategic Planning: Lean Six Sigma certification increases your ability to plan strategically and focus on the important area of concern for improvement. It eliminates unnecessary complexity, and this helps you make your company achieve the targets.

The promising success of Lean Six Sigma cannot be overlooked, and the benefits derived from its training are endless. It not only benefits an individual certified in it but also the organization applying it in its process. Using Lean Six Sigma is a journey in itself during which an organization transforms rapidly and experiences significant improvement.

For KPMG Lean Six Sigma Training registrations mail to [email protected] or call at +91 9555688555 or +91 9022033666.

Understanding how automobile industry is going through a downfall during corona-virus pandemicDue to the sudden outbreak of coronavirus in the ‘world’s factory’ to all the other countries, we’ve abruptly taken a step back and entered a constant state of fear and misery.

When most of the people are still figuring out a way to prevent and avoid the consequences of the virus, there are industries that have already started suffering and are now facing losses.

According to experts, it was already predicted that the recession this year would be bigger than that of 2008 but they failed to predict that it would be so soon.

With businesses shutting down and Americans being shut in, it is harder for the economists to foresee the bottom of the upcoming recession and also to know how long will it take to climb back.Read more...For KPMG Lean Six Sigma Training registrations mail to [email protected] or call at +91 9555688555, +91 9022033666 or +91 8444011201.

This is an era where companies fight at every level to provide the best experience to the customers.

The war among firms to retain their customers and to maximize the market share is at a different level than what it has been in the past many years.

Every employee in an organization has to work at his full potential and guarantee to provide quality products and services to his customers.

Startups are companies initiated by entrepreneurs or individual founders to search for a scalable business model and start new businesses that intend to grow beyond the solo founder and have employees and work at a large scale.  Startups face high uncertainty and do have high rates of failure, but the minority that goes on to be successful companies have the potential to become large and influential. Some startups become unicorns, i.e. privately held startup companies valued at over US$1 billion. Startups usually begin by problem interviews, solution interviews, and building a prototype, to develop their business models.

Using heuristics and biases in startups by founders and co-founders is quite common as due to lack of information and high uncertainty the need to make quick decisions arises of and on. They also end up becoming overconfident in making decisions and reach conclusions about the larger population using a limited sample. Since they are nascent entrepreneurs and new in the business world, they may have less experience due to which they even try to seek feedback from their mentors who guide them but to a certain extent. To become attractive business partners and highlight their existence, startups need to align their internal features including their products and services with the market situation. The failure rate of startup companies is very high. A 2014 article in Fortune estimated that 90% of startups ultimately fail. In a sample of 101 unsuccessful startups, the top five factors in failure were lack of consumer interest in the product or service (42% of failures); funding or cash problems (29%); personnel or staffing problems (23%); competition from rival companies (19%); and problems with pricing of the product or service (18%).

Startups typically operate under a lack of resources, have little or no operating history and consist of individuals with little practical experience and therefore it is possible to simulate startups in a classroom setting with reasonable accuracy. Many institutions and universities provide training on startups. Some of them are entrepreneurship courses that also deal with the topic of startups, while other courses are specifically dedicated to startups. The knowledge of Lean Six Sigma and its application can help the startups and small businesses overcome their shortcomings and if its methodologies are applied from the very beginning it could result in high savings, especially in a business that produces a high volume of standard products or services every day. The first step to start implementing Six-Sigma is to train the management team and all the employees on the basics of Six Sigma and the DMAIC methodology. This will help the company in improving the project by project and implementing theory right away.

Lean Six Sigma is a continuous improvement technique that can boost any organization’s profit and productivity by its integrating processes. It can decrease an organization’s cost in several ways and help in eliminating needless actions from any process. Also, it allows an organization to divide resources or revenue to create efficient processes. With so many advantages it is evident that lean six sigma application can help any startup and small business to flourish and make its mark.

For KPMG Lean Six Sigma Training registrations mail to [email protected] or call at +91 9555688555 or +91 9022033666.

The logical tools and methods no doubt contribute a great deal towards the achievement of Six Sigma improvement ventures, yet they just can’t be taken as the sole elements in charge of Six Sigma’s viability since they just compliment the inborn rationale underlining Six Sigma and in that capacity are close to an unfortunate obligation.

So what truly makes Six Sigma so viable? All things considered, for that, you just need to investigate the most normally used Six Sigma quality improvement technique, for example, DMAIC that represents Define, Measure, Analyze, Improve and Control.

Pay special mind to similitudes between standard strategic approaches and the DMAIC stages expressed over, some of which are depicted beneath:

The Define Phase

The Define stage is very like the standard business routine with regards to recognizing basic issues of a given business process with the expectation to devise successful answers for beating the given issues and issues. It can without much of a stretch be contrasted with a business visionary’s exertion with improving the conveyance frameworks of his business by leading a survey of all the different major and minor parts of the general conveyance framework.

The Measure Phase

On the off chance that we think about the above model, the Measure stage will appear to be the same as the business visionary’s push to evaluate the negative effect that the distinguished issues can conceivably have on his general business. This is very fundamental for the business visionary since it is at exactly that point will he have the option to focus his endeavours on conquering issues that hold the most potential for harm.

The Analyze Phase

The Analyze stage is very like the business person’s push to make a rundown of all the accessible options and test every one of them exclusively to realize which elective will work best for getting the ideal outcomes.

Much the same as the business visionary would like, the Analyze stage also calls for choosing just those choices for definite execution, which hold the most potential and are financially savvy.

The Improve Phase

This stage is the same as the business person’s push to guarantee that the activities chose for improvement are executed in an endorsed way. Much the same as the business person would like, the Improve stage also stresses finishing ventures inside the stipulated time and expenses.

The Control Phase

Similarly, as the business person might want to check the viability of the improvement extends, the Control stage also stresses surveying whether the improvement activities are executing according to desires. Taking medicinal measures if there is a befuddle is inborn to the Control stage, similarly as a business person might want to do.

For KPMG Lean Six Sigma Training registrations mail to [email protected] or call at +91 9555688555 or +91 9022033666.

Lean Six Sigma Black Belt Training Programme

Lean Six Sigma Green Belt Training Programme

Statistically measuring the deviation from perfection, based on the number of defects per million units is sigma.

There are different levels of sigma which resemble different level of defects.

Six sigma being the highest level stands for 3.4 defects per million units.

A fishbone diagram, also known as cause & effect diagram, is a visualization tool which categorizes potential causes of a problem to identify its root cause.

Many a times employees try to resolve problems but they end up working over the symptoms instead of the root cause.

This tool helps employees avoid solutions that merely addresses the symptoms of much larger problems.

Lean six sigma minimizes process variations and product or service defects by using statistical techniques and tools to identify and implement changes in the working of the business process to make it effective and efficient. These techniques and methodologies if applied in a structured manner can improve any company’s performance. Lean six sigma eliminates wastes and defects and reduces resources’ usage if everyday business activities are designed and monitored closely. It provides techniques and tools which improve the performance and capability of any business and provides efficient manpower cultivation and utilization.

The application and usage of the seven basic tools in a Lean Six Sigma process- cause and effect diagram, check sheet, control chart, scatter diagram, histogram , Pareto chart, scatter diagram and stratification together help in identifying the defects and keeping a close eye on the functioning of the ongoing business process that further helps in aligning key business processes to achieve those requirements, understanding and managing customer requirements and also, driving rapid and sustainable improvement to business processes. The sigma scale is perfectly correlated to characteristics such as defects per unit, parts per million defective and probability of a failure or error. This clearly shows the scope and way for further improvement by indicating the flaw in the process, if any.

Six Sigma models like DMAIC AND DMADV are used extensively to improve the existing processes and employ the new products, respectively. Applying Lean Six Sigma in textile industry reduces rejections in shipments, eliminates defects or errors, improves merchandiser performance, improves supplier evaluation processes that are extremely important and first sample approval percentages while working with a buyer. Using 6s methodologies also improves processes at the source (including embroidery, packing, stitching, and shipping) to reduce rejections later. Proper implementation of six sigma in the textile industry can reduce the garment cost, get higher production and that too with good quality. Textile industry deals with a lot of variation and defects and is, therefore, the exact place for six sigma application.

For KPMG Lean Six Sigma Training registrations mail to [email protected] or call at +91 9555688555 or +91 9022033666.

Six Sigma originates from a 19th Century numerical hypothesis, however discovered its way into the present standard business world through the endeavors of an engineer at Motorola during the 1980s. Presently proclaimed as one of the chief methodological practices for improving consumer satisfaction and improving business forms, Six Sigma has been refined and idealized throughout the years into what we see today.

Regardless of the defining, the objective continues as before: Six Sigma looks to improve business forms by expelling the reasons for mistakes that lead to deserts in an item or administration. It achieves this by setting up an administration framework that efficiently recognizes mistakes and gives techniques to killing them.

The individuals who learn Six Sigma practices accomplish assignments at each dimension of achievement, including Green Belt, Black Belt, Master Black Belt and Champion.

The Beginnings of Six Sigma:

The procedure that prompted Six Sigma was started in the Nineteenth Century with the bell curve created by Carl Fredrick Grauss. During the 1920s, analyst Carl Shewhart, an establishing individual from the Foundation of Scientific Insights, demonstrated that a procedure required amendment after it had veered off three sigmas from the mean.

Push ahead to the 1970s, when Motorola senior official Art Sundry grumbled about the absence of predictable quality in the organization's items, as per the 2006 book "Six Sigma" by Richard Schroeder and Harry Mikel.

As indicated by the acknowledged story from various sources, Motorola specialist Bill Smith in the end addressed the call to reliably fabricate quality items by working out the strategies of Six Sigma in 1986. The framework is impacted by, yet unique in relation to, other administration improvement methodologies of the time, including All out Quality Administration and Zero Imperfections.

Some of the Major Aspects of Six Sigma:

With an end goal to carry tasks to a "six sigma" level – basically, 3.4 imperfections for each one million chances – the technique calls for constant endeavours to come to the heart of the matter where they produce steady and unsurprising outcomes.

Deconstructing the assembling procedure down to its basic parts, Six Sigma characterizes and assesses each progression of a procedure, looking for approaches to improve efficiencies in a business structure, improve the nature of the procedure and increment the main concern benefit.

Toward that end, the procedure requires the preparation of workforce in Six Sigma, including learner Green Belts, Black Belts who frequently head up individual projects, and Master Black Belts who search for approaches to apply Six Sigma over a business structure to make upgrades.

A definitive objective is to improve each procedure to a "six sigma" level or better. Does it work? Motorola detailed in 2006 that the organization had spared $17 billion utilizing Six Sigma.

Methodologies of Six Sigma:

There are two noteworthy philosophies utilized inside Six Sigma, the two of which are made out of five segments, as per the 2005 book "JURAN Foundation Six Sigma Breakthrough and Beyond" by Joseph A. De Feo and William Barnard.

DMAIC: This strategy is utilized basically for improving existing business forms. The letters represent:

Characterize the issue and the undertaking objectives

Measure in detail the different parts of the present procedure

Break down information to, in addition to other things, discover the root surrenders in a procedure

Improve the procedure

Control how the procedure is done later on.

DMADV: This technique is commonly used to make new procedures and new items or administrations. The letters represent:

Characterize the undertaking objectives

Measure basic parts of the procedure and the item abilities

Break down the information and create different plans for the procedure, in the end picking the best one

Plan and test subtleties of the procedure

Confirm the plan by running reenactments and a test case program, and afterward giving over the procedure to the customer

There are additionally various administration devices utilized inside Six Sigma. While there are beyond any reasonable amount to list, here are subtleties on a couple of them.

Five Whys – This is a strategy that utilizations inquiries to get to the main driver of an issue. The strategy is basic: essentially express the last issue (the vehicle wouldn't begin, I was late to work again today) and afterward pose the inquiry "why," stalling the issue to its underlying driver. In these two cases, it may be: on the grounds that I didn't keep up the vehicle appropriately and in light of the fact that I have to go out prior to get the opportunity to take a shot at time. The procedure previously came to noticeable quality at Toyota.

CTQ Tree – The Basic to Quality Tree chart separates the parts of a procedure that delivers the highlights required in your item and administration in the event that you wish to have fulfilled clients.

Main driver Investigation – Much like the Five Whys, this is a procedure by which a business endeavors to recognize the underlying driver of an imperfection and after that right it, as opposed to just adjusting the surface "manifestation" of the issue.

At last, the majority of the devices and procedures in Six Sigma fill one need: to streamline business forms so as to deliver the most ideal items and administrations with the littlest measure of deformities. Its appropriation by enterprises far and wide is both a marker of and demonstration of its wonderful achievement in the present business condition.

For KPMG Lean Six Sigma Training registrations mail to

[email protected] or call at +91 9555688555 or +91 9022033666.

Lean Six Sigma Black Belt Training Programme

Lean Six Sigma Green Belt Training Programme