Lean Sigma Six in Management

[Name of the Institute]

Lean Sigma Six in Management

Introduction

In Lean Six Sigma, methods are used to define the variability of each process while contributing to efficient productivity (Arthur, 2007). Lean manufacturing can be described as a different way of optimizing flows based on monitoring the efficiency of production processes. Lean Six Sigma was initially devised toeliminate waste and advance manufacturingquality to no more than 3.4 defects per million opportunities. The IT industry will get a boom by the implementation of the Lean Six Sigma in their management.

Many organizations have trained and deployedlegions of Lean Six Sigma experts—knownas black belts - only to see little value resultfrom their work. Lean Six Sigma can also be used in both the industrial and customer services processes of the Information Technology (IT) along with the manufacturing and transactional activities (Arthur, 2007). Lean SixSigma can be excellent at remedying obviousmaladies like call-center bottlenecks, it is lessadept at uncovering the hidden sources ofpain and identifying and sizing the largestopportunities for cost savings, waste reduction, or revenue generation.

Background of the Study

Six Sigma is now considered to be one of the most widely used since its inception and especially lean six sigma is used by industries. The concept basically relies on the waste reduction and this also means reducing the cost. Lean six sigma methodologies give opportunities to the companies to utilize cost effective business processes and control quality. This keeps them thriving in the competitive business environment. With the help of lean processes, companies are able to reduce their operational cost and eliminate wasteful parts of their processes. The major benefit received by reducing waste is not only effective business processes but also decrease in costs and rise in profits (Arthur, 2007).

All companies who implement Lean Six Sigma successfully are able to maximize their profit. There are also various other benefits of using lean six sigma which includes increase in quality and more efficient ways of increasing the quality standards. There are many other methodologies which are also referred as lean manufacturing, lean enterprise or lean service. It depends on the type of methodology that is being used. These principles are applicable with the help of six sigma concept and it is for all companies no matter in which sector or industry they are operating. All kinds of companies whether they are manufacturing or service companies they can create benefits for their customers by using these methodologies (CSC, 2013).

Those companies who implement these methodologies are able to find that they have speed up their business processes without effecting or compromising the quality of product or service. Only those companies can survive in turbulent economy that is able to optimize their business processes to full extent. By this they will also be able to reduce their operational cost. In such scenarios those operational costs are considered that are due to maintenance of any additional inventory. Such kind of operational costs are reduced greatly with the help of such methodologies (Gillot, ...