Why Should You Incorporate Lean Methodology in Your Business?

Handling your business certainly takes much more than regular business skills and talent. If you are a business owner you might have heard of various business terminologies. Most entrepreneurs are not sure about the term six sigma. So, what is six sigma? While there are many terms for it, in simple words it means a methodology for problem-solving in business and engineering. It is also a tool that can be used to rate performance and business growth. Today, you can see many businesses adopting lean six sigma, a new concept in business. So, what is lean six sigma?

Lean six sigma is a methodology that fixes issues between different processes. In many ways, lean six sigma is an advancement because it merges the two different business methodologies into one single entity. So, while six sigma enhances the value-added processes, lean six sigma gets rid of the non-value processes and helps all the processes to stay connected. This ensures that the business is growing and there is no waste.

Lean methodology is really important to business growth because eliminating the waste would lead to cost savings.This means businesses can save more and translate that saving into profit. If you are looking for business management companies that can guide you with your business you must make sure that they follow 5 principles of lean management namely value, map value stream, flow, pull and seeking perfection. If you have a business in India, BMGI India can provide you with the right business management services that you would need to grow and boost your business.

Why You Should Incorporate Lean Methodology in Your Business?

Handling your business certainly takes much more than regular business skills and talent. If you are a business owner you might have heard of various business terminologies. Most entrepreneurs are not sure about the term six sigma. So, what is six sigma? While there are many terms for it, in simple words it means a methodology for problem-solving in business and engineering. It is also a tool that can be used to rate performance and business growth. Today, you can see many businesses adopting lean six sigma, a new concept in business. So, what is lean six sigma?

Lean six sigma is a methodology that fixes issues between different processes. In many ways, lean six sigma is an advancement because it merges the two different business methodologies into one single entity. So, while six sigma enhances the value-added processes, lean six sigma gets rid of the non-value processes and helps all the processes to stay connected. This ensures that the business is growing and there is no waste.

Lean methodology is really important to business growth because eliminating the waste would lead to cost savings.This means businesses can save more and translate that saving into profit. If you are looking for business management companies that can guide you with your business you must make sure that they follow 5 principles of lean management namely value, map value stream, flow, pull and seeking perfection. If you have a business in India, BMGI India can provide you with the right business management services that you would need to grow and boost your business.

Six Sigma Lean Methodology: All That You Need to Know

Lean Six Sigma methodology is drawing the wide scale attention of industries in all the manufacturing sectors after experiencing the benefits of Lean Six Sigma implementation by the rivals. Today, world’s top ranking companies heavily rely on Lean Six Sigma to deliver in the line with ever changing clients’ expectations and requirements at the competitive cost. Since the consumers’ requirements change quickly, so the organizations need the flexibility to alter the processes accordingly. The cumulative task is not so easy. The involvement of Business Consultancy Company, with proven expertise in Lean Six Sigma implementation, smoothens the journey to enjoy the best -in -class profitability.

What is Lean Six Sigma?

Strategic implementation of Lean Six Sigma helps the companies to reduce the waste, to reduce the valueless activities and to improve the product quality. Strategic implementation of Lean with Six Sigma produces short-term results because of the efficiency of Lean and the long-term results because of the efficiency of Six Sigma. ‘5 Principles of Lean’ in cumulative form is a scientific approach to eliminate the waste and to maximize the flow. The leading Business Management Consultancy Companies offer customized training and active support for the ‘Lean Methodology Implementation’ to explore innovative opportunities through measurable and robust processes.

What is Six Sigma?

Six Sigma is a well-developed theoretical concept widely used to reduce the defects, to short the cycle times, to increase capacity, and to lower the cost ensuring improved revenues and reduced expenditure. The inherent goal of Six Sigma implementation is to improve all the processes to deliver better product quality at lower cost. Six Sigma training with an essence of DMAIC methodology guides the key decision makers in the organization to solve the problems through data-driven approaches.

Lean Six Sigma, a versatile set of advanced management tools, finds its application in almost all the industries. Numbers of services providing companies also tried the power of Lean Six Sigma; and, the most were amazed to experience the encouraging results. The leading Operational Consulting Companies invest extensive efforts to find out the scope of improvement and suggest the professionally structured landscape to playing safe with improved capabilities.

What is Six Sigma in a Nutshell?

There are many companies that are trying to imitate the success of companies such as GE as well as Motorola by implementing the six-sigma methodology. However, they don’t understand that setting up six sigma is not easy and will not fetch immediate results. Successful six sigma implementation requires change in various other elements like the organization’s culture, commitment and strong faith in core leadership. Without these principle elements, implementation of Six Sigma will be a big failure. A thorough analysis of few important factors will help you recognize if your company is up for Six Sigma implementation.

What is Six Sigma?

Six Sigma is a name given to the set of procedures and tools that are used to improvise a process. It was initially introduced in Motorola in 1986 by an engineer named Bill Smith. However, this was made popular by Jack Welch at GE in 1995. GE saved $12 billion over 5 years through six sigma. After its successful implementation in GE, many companies have adopted to Six Sigma methodology. The fundamental element of Six Sigma is to identify errors also termed as causes of defects and successfully remove them as well lessen the inconsistency in both the business processes as well as in manufacturing. Six sigma uses quality management procedures, chiefly practical as well as statistical methods and develops an infrastructure of persons in the business organization who are the subject matter experts for these methods. Every project that is carried out in Six Sigma has a prescribed process which needs to be followed in order to meet specific targets like decrease process cycle time, decrease costs, improve consumer satisfaction or boost profits.

Listed Below is three suggestions of how you can successfully implement Six Sigma Methodology in your Business Organization:

1. Burning Platform is the Key: Building a Burning platform is vital for the successful implementation of Six Sigma Methodology, That means the Senior Management needs to identify factors such as “Company Suffering Huge Losses, process to cut down costs” or “the average handle time for a call is more than 3 mins, how to cut the call short in order to increase the customer satisfaction”. These and other similar problems should be used as a burning platform when you are planning to implement six sigma.
2. Training: Without proper training, it is less likely that you will implement six sigma or Six Sigma methodology successfully. Training plays an important role in helping the agents or teams in catching up with the vision of the organization. Implementing projects related to yellow, green and black belts with the support of skilled mentors can help improve the awareness in the organization.
3. Recognizing the efforts: Recognizing the best efforts put in by the team members and rewarding them will help build the enthusiasm and can fetch amazing results. This will also help the members think creatively and will bring some freshness in thoughts and ideas.