Six Sigma has become very popular since its inception, but it seems that the Lean Six Sigma methodologies are becoming the most widely preferred by most industry types. The concept relies on reducing waste, and reduced waste most often means reduced cost.
Lean Six Sigma methodologies allow companies to employ the most cost-effective business processes and quality control, which keeps them thriving in the competitive business world. With Lean processes, companies can work to reduce their operational costs and eliminate wasteful parts of their processes.
A reduction in waste along with more effective business processes most often equates to decreased costs and increased profits. Any company can benefit from increased profits! Another benefit that comes from implementing lean processes includes increased quality along with more efficient ways of producing that quality.
Lean Six Sigma might also be known as Lean Service, Lean Enterprise or Lean Manufacturing as these are all different forms or names of the Lean methods and it will depend on the method type being used. These methods are also designed to work well with the other six sigma concepts being used in any company. These methods are very useful and effective for manufacture and service companies.
The companies that decide to implement these methodologies will find that they are able to speed up the business processes of their company without affecting the quality of their products. When a company is able to optimize their business processes to the fullest extent, they will be able to reduce their operational costs and survive in the turbulent economy. Any operational costs that are due to maintenance of any additional inventory will be greatly decreased.
Not to mention, the processes that are needed to clear customer orders in the specified time will be reduced and there will be fewer overall customer complaints. Like other Six Sigma projects, Lean Six Sigma focuses on training employees to the point that they are familiar with the tools and techniques that will be applied.
There are many benefits to using Lean Six Sigma. One of the main benefits is that this process will involve the use of more advanced tools and techniques to help companies reduce production cycle times, reduce operational costs, expand their capacity and improve on the overall productivity. When it is applied along with the standard 6 Sigma concepts, it will give further help in identifying and resolving any sort of quality issues that are vital in retaining customers and building interest with new customers.
This process also requires company employees to work together in teams for success. This results in more well-rounded employees who are on the whole happier than employees who work alone.