Beginning in 2000, a programme of continuous performance improvement produced cost savings of $135 million in 2001, with value based Six-Signa as the principal change accelerator. Six-Sigma projects developed at ITT are kept aligned with corporate strategic goals and the return, over time, has to be better than the cost of the capital needed to make the project investment. Examples are:
1) One Six-Sigma team in the Night Vision Division eliminated several million dollars worth of work-in-progres...
BPIR Categories14.3.2 Implement an improvement approach/method/technique
9.7.1 Encourage employee involvement and feedback
5.5.2 Manage inventories
5.5.3 Improve process/product performance