| Product or service: |
Six Sigma Culture |
| Industry: |
Financial Institution |
| Process type: |
Checkbook Ordering |
| Date of intervention: |
1999 |
Critical Business Issue:
The most frequent error occurring during the account opening process is incorrect checkbook orders. This causes excessive rework handle time and expenses associated with reprints and postage.
Actions Taken:
Implemented a significant increase in online ordering and modified the screens to provide more online checking. Began measuring defects in the ordering process and changed the processes where indicated.
Achievements:
- Increased online ordering from 82% to 92%. This saved 2.5 FTE per year in the Financial Center.
- Reprints of orders were reduced by 20%.
- Expense savings equal to 8 times implementation costs.
- Increased Revenues equal to 65 times the implementation costs
MASET, LLC
P. O. Box 649
Maricopa, AZ 85239
Phone: 520-568-6355 Fax 520-568-6354
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