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…

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., 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…

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…

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…