Maximizing productivity with Lean Six Sigma
Lean Six Sigma is a management philosophy to improve process capability by reducing variation in the process. It is a methodology to improve process to reduce defects (quality improvement), increase productivity, reduce cycle time, reduce cost and satisfying customer needs profitably. There are various tools in Lean Six Sigma methodology which are used to improve productivity and efficiency of processes, e.g. Value stream mapping (VSM), Cause and effect analysis, 5 whys analysis, Pareto analysis, 5S management, DMAIC, Statistical process analysis (SPC), Measurement system analysis (MSA),Failure mode and effects analysis (FMEA) etc.
Lean Six Sigma methodology and tools are the principles which can be applied to any processes in the organisation to:
• Improve and maximise productivity
• Improve quality
• Reduce cycle time
• Eliminate waste in process.
• Reduce cost
• Improve customer satisfaction
• Improve market share of the organization