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Lean six sigma is a type of manufacturing methodology implemented to improve the efficiency of a business. This popular methodology is a combination strategy of two popular concepts that are used to improve various areas of business management.
While lean manufacturing focuses on the implementation of approximately 25 different business strategies including 5s, Error Proofing, Quality at the Source, and Value Stream Mapping, six sigma mainly focuses on a five phase system referred to as DMAIC, or Define-Measure-Analyze-Improve-Control. By combining both of these popular strategies, businesses are able to produce better quality products at greater efficiency. Implementing these strategies also help businesses save on scrap and waste expenditures by identifying potential problems early on in the production process.
However, the implementation of this process involves extensive expertise, proper management, and extreme focus. Unfortunately, many times these methods fail because major manufacturers take a more shotgun approach and attempt to implement all parts of these strategies at one time. In order for this process to be successful, businesses must take the time to understand manufacturing downfalls, research potential pitfalls, and implement the right tools to correct wasteful spending. In fact, the most successful executions of this process involve a great deal of financial investment and several years of dedication.
For more information on lean six sigma, visit the links on Business.com.