At Cummins Inc. @RISK
Is Standard for Six Sigma
In an era when takeovers and mergers are common, Cummins, Inc., the world’s leading designer and manufacturer of engines and related systems, has remained a strong, independent, global power leader committed to the development of not only its products but its people. According to Cummins’ Ernest Lifferth, Director Design for Six Sigma, the company’s Six Sigma program has a lot to do with this success, and @RISK has a lot to do with the success of their Design for Six Sigma (DFSS) program. Ernest heads up one branch of the corporation’s Six Sigma program, the Design for Six Sigma initiative, which is used in new product introduction. According to him, Design for Six Sigma has realized hundreds of millions of dollars in cost savings for Cummins.
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 Procter & Gamble Uses @RISK and PrecisionTree World-Wide "We've trained well over a thousand people throughout the company on @RISK," says Procter & Gamble's Bob Hunt, and now he's rolling out another Decision Tool, PrecisionTree. In fact, Hunt, who is Associate Director for Investment Analysis in P&G's Corporate Finance organization, and serves as a resource to the business units, was on his way to China and Japan to introduce PrecisionTree to P&G Finance managers in those countries. » Read full case study » See all Finance case studies  Merck Uses @RISK for Value-at-Risk For a company the size of Merck, the multinational pharmaceutical giant based in Whitehouse Station, New Jersey, awareness of value-at- risk (VAR) is crucial to the performance of its risk management programs. And of course, foreign exchange rates are one of the most volatile forces at work in any assessment of value-at-risk. » Read full case study » See all Finance case studies  Fluor Bases Global Oil and Gas Estimates on @RISK The cost of a refinery facility usually runs in the hundreds of millions of dollars but can go as high as $1.5 billion. Whatever the total costs, the budgeting for these enormous projects involves many complex engineering and materials considerations. To deal with the megabuck uncertainties in its estimates for clients, Fluor Corporation - the multinational engineering, construction and project management firm - has recently standardized on @RISK. » Read full case study » See all Energy case studies  Renaissance Re Uses @RISK to Tame Loss Liability Advanced Outcome Modeling for the Jet Set Insuring most of the major insurance companies in the world against catastrophic losses is no small task. For Renaissance Reinsurance, one of the key players in the reinsurance industry, balancing billions of dollars in potential losses against premiums is a daily job. It may sound like a high-wire act, but Renaissance Re's success has been built on precision modeling of outcomes and custom financial structuring. @RISK is essential to the company's strategy. » Read full case study » See all Insurance/Reinsurance case studies | |
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