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What are the benefits of Six Sigma?

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Jack Welch said in 1996, 1997 and 1998, Six Sigma saved GE more than $2 billion. In fact, many companies turn to bottom-line cost savings as one of the key benefits of Six Sigma to their organization. But companies also cite improved work cultures, improved product quality, improved customer satisfaction, higher productivity, and improved knowledge and skills for employees.
Six Sigma Qualtec, an Arizona-based company that offers Six Sigma consulting and training, cites the following successes on its website:

A high-tech manufacturer found the Development Unit of a cooling system had numerous and redundant inspection steps, which were pushing costs out of line. Six Sigma was applied, reducing the number of inspection steps and eliminating redundant inspections, resulting in a $1,300,000 savings.
Clients of a mutual fund company were unable to make informed decisions because asset values on the website did not have timely updates. Six Sigma was applied, improving processes, resulting in timely updates, retention of key clients and a 20% reduction in operating costs.
Excessive rejects at a glass manufacturer were caused due to scratches and chips created by contaminate in a critical production process. Six Sigma was applied, reducing rejects by 92%, improving line up-time by 79% and realizing $840,000 in annual cost savings.
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