Godfrey Phillips Implements six Sigma to Counter Rising Costs
Cigarette maker, Godfrey Phillips has recently seen its costs increase because of a duty increase set forth in the newly unveiled budget. The company counters, however, that these costs are being partially compensated for through the implementation of Six Sigma and other production efficiency systems. Moneycontrol.com Reports:
The reason our profitability has been going up is because for the last two-three years, we have laid a lot of emphasis on our productivity, organising our plants, reducing our cost of production, putting into practice the principles of Kaizen and Six Sigma.
In the absence of major topline growth for the past few years, our emphasis has really been on increasing productivity and efficiency.