Topic > Lean Six Sigma Analysis - 1265

The Lean Six Sigma method is the combination of two business techniques that includes Lean Manufacturing and Six Sigma. Lean manufacturing focuses on improving the flow of the organization by training highly skilled employees to increase overall velocity while Six Sigma focuses on improving current performance and overall accuracy. In most cases, blending both Lean and Six Sigma can be expensive; however, the end result can create an organization focused on quality, accuracy and speed to achieve the goal which is profitability. Introduction In today's market and business world it is crucial that customers receive a quality product in a timely manner from the supplier. It is also critical, as a supplier and as a company, to reduce waste in all categories, including inventory, time, facility space, storage and even transportation. Over the past 20 years, several methods have been created and adopted by top companies with successful track records such as Toyota, GE and Motorola. One method or process that has proven to be effective is none other than Lean Six Sigma. Lean Six Sigma evolved as a concept in the early 2000s that combines the Lean manufacturing method and also the Six Sigma concept. By combining both processes together, you get in return a better delivery schedule, better quality, exceptional employees, satisfied customers and last but not least, profit. Profitability, as we all know, is the goal of any business, organization or manufacturing company, as well as increasing productivity while reducing inventory and operating expenses (Eliyahu M. Goldratt). Today, many operational managers are adopting this concept within their organization with goals of constant improvisation... middle of paper......anization. Finally, knowledge must be communicated to all employees, including tools, resources and problem-solving capabilities across the entire organization. Managing these critical factors will put any organization with a Lean Six Sigma system in the right direction. Conclusion There are many people who benefit from Lean Six Sigma, mainly including customers, suppliers, employees and even shareholders. Lean Six Sigma is a way for companies to improve, reduce waste and be more successful. In the future, more and more organizations will adopt or practice some Lean, Six Sigma, or both principles to remain competitive in today's marketplace. In some cases, blending both Lean and Six Sigma can be expensive and difficult; however, the end result can create an organization that focuses on quality, accuracy and speed to achieve the goal which is profitability.