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DESCRIPTION
In today's ultra-competitive, global market, businesses are driven to cut costs, decrease lead times, and deliver flawless products or services. Many industries have seen their profit margins decline as business leaders desperately fight for clients, sales, and users. Profits, therefore, must be boosted by lowering the internal cost of your product or service. This is where Lean Six Sigma comes in: optimize by eliminating waste and delays using Lean, and reducing defects or variation using Six Sigma. Lean Six Sigma is a method that relies on a collaborative team effort to improve performance by systematically removing waste and reducing variation.
5 Lean Six Sigma Principles are:
1. Work for the customer. The primary goal of any change you want to implement should be to deliver
maximum benefit to the customer.
2. Find your problem and focus on it.
3. Remove variation and bottlenecks.
4. Communicate clearly and train team members.
5. Be flexible and responsive.
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Source: Best Practices in Lean, Six Sigma Project, Lean Management, Lean Thinking PowerPoint Slides: Lean Six Sigma PowerPoint (PPTX) Presentation Slide Deck, Adaptive US Inc.
