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Kraft Foods’ Lean Six Sigma Practices Give Value to Investors
According to a recent report from the investment website Seeking Alpha, Kraft Foods is offering “the best in class cash return” to its investors with a 3.8 percent dividend yield and a 75 percent payout ratio. The company is crediting its success — at least in part — to the increased adoption of Lean Six […]
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Harnessing the Power of Six Sigma in a Mobile World
The world today is dominated by digital technology. All it takes is a glance at the commercials on TV or on the web to see that. With new mobile technologies such as cell phones and tablet computers taking the fore, it’s no surprise that the manufacturers of these products and their accessories are focused on […]
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Auto Parts Supplier Puts Faith in Lean Six Sigma
An auto parts supplier in northwest Indiana has put faith in Lean Six Sigma, with three of its leaders gaining their yellow belt certifications recently, including the company president. According to a recent report from the Times Media Company, three members of management from Contract Services Group opted to take the training. The hope is […]
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Small Businesses: Reduce Waste and Improve Productivity through Lean Six Sigma
Lean Six Sigma is a powerful program designed to help businesses of all sizes accomplish noticeable improvement through conditioning and management training. As a combination of both the Lean and the Six Sigma systems, the benefits of each separate system are supported by the tools and techniques present in the other. This reinforcing behavior is what […]
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Lean Six Sigma Success: Xerox is Doing It
What is it that makes a company stand out as successful? Quality, productivity, and great customer service each play an important role in a company’s success. For Xerox, each of these attributes has been consistently enhanced since the company implemented the Lean Six Sigma program thirty years ago. Although the program was originally only established […]
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Lean Six Sigma Training Helps Businesses Improve Efficiency and Productivity
Lean Six Sigma training can help any business identify bottlenecks and other jams within the total business process. This training program combines two effective managerial tools: Lean and Six Sigma. Each of these programs is designed to help businesses eliminate wasted expenses and to improve productivity. Being trained in this method allows managers and employees the […]
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The Value of Lean Six Sigma
There are many companies who are using the skills and methods of Lean Six Sigma with tremendous success, but there are some companies that tend to see Lean Six Sigma as something of a fad. In certain cases, Lean Lean Six Sigma is integrated into the problem solving approaches of the company with much success, […]
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Lean Six Sigma and the 80/20 Rule
Most businesses recognize the importance of efficiency. Getting the job done at the lowest cost, with the smallest margin of error, and best results are goals of every company, no matter how they phrase it. How they measure their success at achieving these goals can be measured in a variety of ways. Profits, waste reduction, […]
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Theory of Constraints and Flexible Processes
I was asked by a student to explain constraint management and flexible processes, with simple examples. Here is my response. Very briefly, the theory of constraints (TOC) is based on the premise that in any sequence of process steps, or on a larger scale any sequence of processes in a value stream, there is one […]
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3 Vital Things to Learn about Lean Six Sigma in Under 30 Seconds
Errors rob your company of money. Money you could use to hire workers, increase wages, add new benefits, purchase new equipment, and more. You probably don’t even see the loss. But every time one of your employees inadvertently makes a mistake, it is there. So what do you do? Look into Lean Six Sigma. It […]