In the business world, success is measured in many ways. From productivity to revenue, success needs to be understood and analyzed in order for it to continue growing. Lean Six Sigma (LSS) essentially takes all the ways to measure success and put them together in a neat, orderly system. It is a production management tool to truly understand how a company is succeeding.
In combination with one another, Lean and Six Sigma methods are used as an approach towards business excellence. The reduction in process variation from Six Sigma and the reduced time wasted from Lean come together to make success easier, faster, and more efficient to obtain.
For the success of LSS to be readily identifiable, the efforts must be in support of the overall business objectives. For this to be apparent, the company leaders must be clear about why and how they are adopting LSS principles. In addition to this, when all key executive decision makers are involved in the process of deploying these principles, the success is seen throughout all levels of the business.
Another key to the success of LSS is to select the projects it will be used for in a rigorous manner. This should be driven by an evaluation of shareholder benefits and value. When this is taken into account, LSS can efficiently improve value potential.
One way that LSS does this is by controlling the number of active projects at a time. Rather than pushing for a higher quantity of work, LSS encourages quality instead. This is a great way to get higher success from a singular project, rather than have too many smaller, less successful projects on the go.
Perhaps the greatest success factor with LSS is that it emphasizes team leadership skills. Not only is this technical skills, but it focuses on leadership skills and human potential in addition to data analysis. It therefore becomes a way to enhance the success of the company or business as well as the people working within it.
For more information, please visit our Lean Six Sigma training page.