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What is Six Sigma?
Six Sigma, created by the Motorola Corporation, is a five-step methodology used to understand customer requirements and to map, analyze, measure and improve processes in order to deliver 99.9997% defect-free products and services, improve cycle time and eliminate non-value added activities.
More information Glossary of TermsTim Solso of Cummins Inc. Wins the 2007 Six Sigma CEO of the Year Award
New York, July 10, 2007
The Global Six Sigma Awards, organized by WCBF, today announced that Tim Solso, Chairman and CEO, Cummins Inc. has been named the winner of its prestigious Six Sigma CEO of the Year Award.
Solso will be presented with the award at The Global Six Sigma Awards & Summit Gala Dinner on October 24 in Las Vegas, where he will address the audience on the business transformation at Cummins achieved through Six Sigma methodologies.
“Six Sigma is one of the best things we have ever done. Last year we saved $340 million and completed 2,200 projects. Since the inception of the program in September 1999, we’ve saved or avoided spending a total of $1.4 billion, completed 7,500 projects and trained 6,000 belts with almost a million hours of training” Solso reported at the May 2007 Cummins Inc. Annual Meeting.
2006 was the best year in Cummins’ history, with record revenues of $11.4 billion, record profits and record cash flow.
Cummins’ success at incorporating Six Sigma into its culture and every aspect of its business is the result of an unyielding commitment to the program by Tim Solso and the leadership team. Solso, who has been with Cummins since 1971, was one of the first belt trainees. He set the goals in 1999 to reduce costs, increase customer satisfaction, develop future leadership talent, support superior financial results and drive a change in the company culture.
Cummins Inc., a global power leader, is a corporation of complementary business units that design, manufacture, distribute and service engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. Headquartered in Columbus, Indiana (USA), Cummins serves customers in more than 160 countries through its network of 550 company-owned and independent distributor facilities and more than 5,000 dealer locations. Cummins reported net income of $715 million on sales of $11.4 billion in 2006.
View more information about the Global Six Sigma Awards at www.tgssa.com .
For further information, please contact:
Flora Hamilton, Head of The Global Six Sigma Awards
T: + 1 800 965 1574
E:
flora.hamilton@wcbf.com
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