Never is there a more important time to analyse the performance of your business then in an economical downturn. When financial times are tough we all need to make sure that our businesses are running at full productivity and profitability as this ensures the continuing flow of business.
Six Sigma training can dramatically improve the productivity and profitability of your business by reducing waste in your manufacturing and business processes. Making sure that your business costs are as low as possible is just one of the areas Six Sigma focuses on.
Lean Six Sigma Definition
Lean and Six Sigma are complementary in nature and, if performed properly, represent a long-term business initiative that can produce unprecedented results. While Lean focuses on eliminating non-value added steps and activities in a process, Six Sigma focuses on reducing variation from the remaining value-added steps.
Lean makes sure we are working on the right activities, and Six Sigma makes sure we are doing the right things right the very first time we do them. Lean defines and establishes the value flow as pulled by the customer, and Six Sigma makes the value flow smoothly without interruption.
One way to evaluate the success of a Lean Six Sigma initiative or strategy is to measure the involvement in Lean Six Sigma by way of numbers of people involved, i.e., numbers trained, practicing, certified, etc. Another is to evaluate the leadership on their behaviour and values.
Yet another is to evaluate the Lean Six Sigma maturity of the organization. All of these measures are important, but certainly one of the most important aspects that Lean and Six Sigma have brought to the market place is the ability to measure the financial impact of implementation and deployment.
Many companies that have implemented Lean Six Sigma and have found that if any organisation wishes to place itself in the top tier of companies with regard to financial returns, it should be returning to the bottom line at least 2% of its revenue annually via Lean Six Sigma projects, many businesses typically report a 9 fold return on their training investment.
It is important to any business to continually analyse and develop its methods and processes to ensure maximum profitability. Six Sigma training could really help you to achieve this so why not find out more today.