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Lean Six Sigma for Finance and Accounts- One Day Workshop Southern Region (Workshops) Free
Chennai, Chennai, Tamil Nadu, India | Tamil Nadu Chennai (Madras)
Fri 22nd Jun 2018

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Lean Six Sigma for Finance and Accounts- One Day Workshop Southern Region

One Day Workshop on

'Lean Six Sigma for Finance and Accounts'

Friday, 22-June-2018 : 0900 - 1730 hrs : Chennai

Introduction

Six Sigma enables companies to improve the strategic, tactical and operational processes as a way to enhance the top line to drive revenue.

By applying six sigma to finance and accounts you can develop a lean efficient  workflow, identify leading indicators of growth and become proactive about performance improvement. Measurement of performance is one of the five fundamental phases in the Six Sigma methodology. Once you begin measuring financial  performance, you can begin to make modifications and improvements. Six Sigma provides both a methodology for process improvement and a way to prove its value. These additions are above and beyond the “traditional” Six Sigma approach to cost reduction.

Six Sigma has two methodologies: DMAIC and DMADV. DMAIC is used to improve existing business processes and DMADV is used to create new process or product designs that result in more predictable, mature, and defect free performance.

DMAIC includes five steps: define roles, goals, and deliverables consistent with customer demands and the organization’s strategy; measure current performance and processes, and collect relevant data for future comparison and improvement, analyze the relationship and causality factors; improve the process to eliminate defects; and control and correct any variances before they result in defects and thereby improve performance.

Workshop Content

  • LEAN SIX SIGMA INTRODUCTION ?
  • WHY LEAN SIX SIGMA FOR  FINANCE AND ACCOUNTS?
  • USING BUSINESS CASE FOR IDENTIFYING THE FINANCIAL BENEFITS OF SIX SIGMA
  • USING DMAIC AND DMADV METHODOLOGY FOR EFFECTIVE ACCOUNTING
  • CORE STATISTICAL TOOLS  FOR FINANCIAL ANALYSIS.
  • HOW TO IDENTIFY ACCOUNTING DEFECTS AND CALCULATE  DPMO FOR  FINANCE
  • DEFINING THE  FINANCIAL INDICATORS  USING SIX SIGMA TOOLS .
  • IDENTIFYING CAUSES FOR ACCOUNTING FAILURES USING CONTROL CHARTS
  • DETERMINING SOLUTIONS FOR ACCOUNTING FAILURES USING SIX SIGMA
  • OVERVIEW OF  A CASE STUDIES USING SIX SIGMA IN FINANCE AND ACCOUNTS

Who should attend?

  • People seeking to improve  profits
  • Entrepreneurs
  • Directors
  • Solopreneurs
  • Accounts directors and managers
  • Management students 
  • Finance Managers
  • Finance executives
  • Customer Account managers
  • Small business owners 
  • Administrators
  • People want to refresh their Financial  skills

Methodology

  • Games
  • Exercises
  • Stories 
  • Discussions

Key Takeaways

At the end of the workshop, you will be able to:

  • Learn LEAN application IN Finance and accounting
  • Understand six sigma principles in  finance
  • Understanding statistical techniques for Finance
  • Reducing defects in accounting using six sigma
  • Learn DMAIC methodology for Financial improvement

Facilitator Profile

Dr D Kanagaraj - Certified Lean Six Sigma Master  Black Belt professional and a Leadership trainer

Dentist with Post Graduate Management degree from IIM, Lucknow comes with Management experience for over a 14 years. Has Extensive experience in Management consulting and training with an added knowledge in business planning and quality management techniques. Delivering training programs like lean, six sigma,,quality management, soft skills, sales improvement, profit analysis, business management and planning etc in various markets like, Manufacturing, Information Technology, Education, Insurance, Automobile, BPO, Healthcare, Pharmaceutical, Banking, Hotel Management, Facility Management, Food Processing, Edible Oil, Retail etc., with a special focus on six sigma Operations and Quality, etc.Experienced in ISO Accreditation and has knowledge in 5S standards. Coordinated for more than 100 lean six sigma quality projects.

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