Transcript for:
Understanding Lean and Six Sigma Methodologies

lsv group will now give you a brief introduction to lean Sig Sigma lean and Six Sigma was originally two different business philosophies and management tools to optimize processes today most companies like lsv group combine the two methodologies let's look at lean first lean is in general about creating most value for the customers with the lowest possible effort lean is perfect to reduce waste and increase the quantity of your production or service supplies for example look at this block when you talk about lean it's primarily about how many blocks you can get through the production at the lowest cost possible without disappointing your customers but often lean has been associated with the means to make employees run faster or worst case scenario maybe even get fired but it's not true lean creates more time for the employees so they can focus on activities that create more value to the customers it's about working more effectively so you can deliver exactly what the customers want while lean in general is about making processes more simple Six Sigma is about the quality of what you deliver now it's no longer just about how many blocks we can get through the production production it's about the quality the size the color and the function Sig Sigma focuses on quality and variation of your company's deliveries that is because customers don't measure a company on their average performance but on the specific experience with every purchase they make Six Sigma strives to get as close as possible to zero errors but errors can be hard to avoid so in order to achieve Sig Sigma quality a process must not produce more than 3.4 defects for every million opportunities so you have lean which focuses on reducing waste and you have Six Sigma which focuses on quality and reducing variation this means in practice that lean is optimal for analysis between activities in a process while Six Sigma is suitable for analysis of the actual work that is being done so so if you're a customer and have ordered blocks you have now received the correct size and color and you have received the right amount at the right time and place for the right price Elis V group's experience shows that by combining the two business methodologies you can get the best results with the highest net earnings more satisfied employees and most importantly happier customers are you curious to to know more about L6 Sigma don't hesitate to visit us at our website or you can participate in one of our free introduction courses