Improve your business processes with lean six sigma
Posted: Oct 20, 2019
A set of efficient business processes can help you reshape and reinvent your business. Your business processes can be improved in a number of ways, which lead to numerous benefits like reduced costs, improved quality and higher customer satisfaction and thus, higher profits!
Lean six sigma is one of the tools you can inject in your business to achieve this. This methodology combines two of the most well-renowned business improvement tools -
- Lean - This process focuses on reducing your costs to the least while maintaining an adequate value of service for customers
- Six Sigma - This methodology focuses on eliminating business errors to promote efficient production and delivery of your goods and services.
The lean six sigma methodology is a data-driven one, using DMAIC to reduce errors and improve your operational business processes. But what is DMAIC?
Being developed in 1986, Six Sigma has become the number one tool used globally by large and small firms alike, to improve their business processes. Using Lean Six Sigma and DMAIC, General Electric saved 12 Billion USD in their first five years of implementation. Many other businesses globally have increased their effectiveness in the business world using lean six sigma.
So how can Lean Six Sigma actually help your business?
1. It increases your employee involvement in business processes
By involving your employees in the improvement process of DMAIC, they will find themselves more invested and involved in the business process and usually are more appreciative of the impact they have on the bottom-line business results. This leads to greater efficiency and productivity.
2. It reduces your business costs
By identifying the steps of your production of a good or service, it enables you to eliminate inefficient and redundant ones. This leads to a fall in your business costs while maintaining or improving the value you provide to your clients. This leads to greater efficiency and higher profits.
3. It increases your customer satisfaction rates
By focusing heavily on customer needs, the lean six sigma aims to improve your business processes from production to delivery, tailored to maximize efficiency and to achieve your customer’s wants. This increases the value to consumers, boosts your customer satisfaction rates and leads to repeat business.
By using Lean Six Sigma, one can drastically improve their business processes and achieve the optimal level of growth that their business needs! Lean Six Sigma is a modern approach that helps in yielding positive ROI return.
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