What benefits can you expect from Lean Six Sigma?

Companies that implement Lean and Six Sigma into the way they do business, can realise a number of key benefits:

• INCREASED MARGINS - By reducing variation and preventing defects before they occur, a company reduces the amount of waste it incurs. The bottom line benefits result from greater process yield.
• WASTE ELIMINATION – Lean thinking will drive a focus on the elimination of all waste. New levels of process efficiency and effectiveness can result in outstanding customer service, reduced cost, minimised working capital and the opportunity to build a true high performance organisation.
• SHAREHOLDER RETURN - The investment community have recognised and rewarded organisations that have achieved returns through successful implementation of Six Sigma.
• COMMON LANGUAGE - A common language is one of the foundations of an organisation's culture. Lean and Six Sigma bring the language of continual improvement to an organisation.
• PROBLEM SOLVING BASED ON FACT - Six Sigma mandates the use of quantitative and cause & effect analysis methods to solve problems. Guess work is eliminated, as is the common practice of treating symptoms to problems rather than causes.
• CLARIFICATION OF CUSTOMERS’ REQUIREMENTS - Customers' needs and critical-to-quality requirements are translated into technically measurable responses. The performance of the company against customer requirements can be easily measured.
• COMPETITIVE ADVANTAGE - By continually raising the bar and exceeding customer requirements, a company can establish a significant advantage in a highly competitive world.