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Lean Six Sigma: Implementing Process Improvement
Lean Six Sigma and the profitable process improvement in businesses go hand in hand especially where the main objective is to ramp up on productivity. The harsh economic downturn made it more important to look for methods to do more tasks with little resources. This is where the proven Lean Six Sigma concepts made their…
Use Lean Six Sigma to Improve Accounting Processes
Lean Six Sigma is effective at enhancing the efficiency of service operations, which includes accounting functions within organizations. Removing waste and defects from accounting processes increases service quality, strengthens internal control and mitigates risk. Though accounting and finance tasks can be difficult to understand, working closely with subject matter experts ultimately yields process improvement. Journal Entries…
How is Kraft Foods Using Lean Six Sigma?
Kraft Foods implemented a Lean Six Sigma program two years ago, and has recently upped its adherence to the Lean Six Sigma program. The company has seen measurable increases in productivity as a result, and in a statement earlier this year they attributed a portion of their increased first-quarter profit directly to the Lean Six Sigma…
Molex, Inc. on the Benefits of Lean Six Sigma
Molex Inc., which supplies interconnect products, has recently been using the Lean Six Sigma program with great success. The company has saved millions of dollars using the program, and clients have noticed an improvement in the company’s quality and efficiency. In a June 2013 statement, Martin Slark, CEO of Molex, said that: “Last fiscal year, we…
Lean Six Sigma is Mission Critical
This is a guest post provided by an MBA, who previously worked in a sales writing and analysis position for a defense contractor that successfully employed Lean Six Sigma. Working in sales for a small, successful defense manufacturing business in the northeast is an anomaly. Manufacturing machinery just outside of NYC, is generally considered too…
Lean Six Sigma and Genchi Genbutsu: The Importance of Seeing for Yourself
The goal of Lean Six Sigma, in brief, is to give customers and other stakeholders what they want by focusing on customer needs and maintaining superior quality and minimal waste. This system combines the revolutionary management philosophies of Lean, which grew from the Toyota Production System, and Motorola’s Six Sigma. In today’s hyper-competitive market, successfully implementing the…
Lean Six Sigma Requires a Flexible, Motivated Workforce
Lean Six Sigma increases workforce flexibility and agility as it helps businesses improve their bottom line. In fact, according to the white paper, “The Lean Workforce: Applying Lean principles to improve workforce management,” a critical component of a successful program is having a “flexible, motivated workforce.” This requires you to understand what motivates your workforce…
Lean Six Sigma Can Help You Achieve ‘Aha’ Moments
An ‘aha’ moment is a moment of clarity, when all the pieces of a puzzle come together and seamlessly converge to form that perfect realization of what needs to happen next. Terri Stentz, director of global sourcing for Cardinal Health, offers a great example in a recent post for Industry Week. A customer was ordering…
Don’t Neglect the Human Factor When Applying Lean Six Sigma
Ask those in the know and they’ll tell you that Lean Six Sigma increases revenue and reduces costs. However, they don’t always mention the positive impact it has on people. While it’s important to train your team on the tools and techniques of LSS, it’s equally important to consider the human factor. Resistance to Change People…
Can Innovation and Lean Six Sigma Coincide?
Companies often introduce Lean Six Sigma because it is an effective way to cut costs and improve profitability. A very powerful tool indeed. However, what if your company goals include innovation? Can a process-focused methodology such as Lean Six Sigma promote creativity and drive innovation? Yes, it can. In the 2010 post, “Leadership and Lean…