Regression equations, fitted lines, and sampling are familiar terms to people in the quality field. There are tools that we use (i.e., planning matrixes, tree diagrams, and flowcharts) to help our organizations optimize processes. These tools aren’t new, and their use isn’t limited to the quality profession. They’re being employed more frequently as the popularity of Six Sigma increases.

However, organizations are not exploiting their talent pool by utilizing the increased knowledge and skills of their trained Six Sigma professionals in other areas, e.g., profit optimization planning. As organizations are improving their operational processes, assessing their key performance indicators (KPI) and other factors, they should also consider using these same tools for profit optimization planning.

 …