Lean Six Sigma Methodology originated from the combination of Lean Manufacturing Management tools and Six-Sigma tools. Lean Manufacturing Management may be defined as a business strategy used to minimize and eliminate waste from the value stream while Six-Sigma may be defined as a business strategy used to seek, identify and remove the causes of defects and errors in manufacturing, engineering, marketing and other business processes in a company or organization.
Therefore implementation of Lean Six-Sigma Methodology will lead to the following benefits:
¨Minimization or elimination of waste from the value stream.
¨Continuous effort to achieve stable and predictable process results (reduce variation) that are of vital importance to business success.
¨ Measure, Analyze and Control manufacturing and other business process characteristics.
¨ A direct and clear focus on achievement of measurable and quantifiable financial returns from Lean implementation and Six-Sigma project execution.
¨ Increased emphasis on strong management leadership and support.
¨Development of internal champions to lead and implement Lean and Six-Sigma projects that yields positive financial and quality gains for the company.
¨Clear emphasis on continuous improvement (Kaizen) and customer satisfaction.
¨Commitment by all employees of the company including managers and executives in the organization to use variable data for decision making rather than assumptions and guess work.