How Lean Six Sigma can help your business succeed

Looking for ways to improve the productivity and profitability of your business? Many companies have adopted Lean Six Sigma, an approach which leads to increased success in these areas. As businesses everywhere strive to cut costs and become more efficient, Lean Six Sigma has become an increasingly popular methodology to overcome competition and win in the run for productivity. In this article, we’ll look at how it can help your business go to the next level.

What is Lean Six Sigma – and how it increases performance

Lean Six Sigma (LSS) is a methodology that combines two different methods; Lean, which focuses on reducing waste, and Six Sigma, which emphasises quality improvement. The Lean component involves looking for ways to eliminate waste from processes by streamlining and simplifying, achieving this through process redesign or automation. The goal is to reduce cycle times and increase throughput by eliminating unnecessary steps and delays. Six Sigma is a set of tools and techniques designed to identify and eliminate defects in a process. It uses statistical analysis to measure the performance of a process and pinpoint areas where improvement is needed. Six Sigma focuses on reducing variation and increasing quality to reduce costs and improve customer satisfaction. This system has been used in many industries and can be applied to any organisation.

To understand how this rigorous methodology can benefit your business, it’s essential to consider the results reported by organisations that have adopted the method. According to a report, GE (General Electronics) gained $700 million by deploying Six Sigma and incorporating it into their corporate culture. These results demonstrate the effectiveness of this approach and show how it can help businesses become more successful – can you imagine, then, putting together the Six Sigma benefits with those of Lean?

Lean Six Sigma helps companies succeed by streamlining processes, reducing costs, and improving customer satisfaction. By eliminating wasteful activities, companies can become more efficient and use their resources more effectively. Additionally, Lean Six Sigma enables businesses to identify areas of improvement so they can make changes that will lead to increased profits. The methodology also allows companies to track their progress and measure the impact of their efforts.

Data doesn’t lie: Lean Six Sigma’s real impact

1. The total cost savings are estimated to be up to 4.5% of the company’s revenue from the Six Sigma approach only
2. Many of the Fortune 500 companies (such as Motorola, Bank of America, and GE) have adopted it
3. On average, companies with Lean Six Sigma initiatives have seen a 26% reduction in errors and mistakes, as well as a sharp increase in delivery targets met
4. Companies that use Lean Six Sigma have seen up to 25% improvement in productivity
5. +10.5% average higher salaries for those who become LSS specialists and hold a certification

If you’re interested in becoming a Lean Six Sigma master, check out the EXIN LSSA certifications (Yellow, Green, and Black Belts available) – they’ll help you get the proper knowledge your company need to stay successful! These certifications have been developed with LSSA (Lean Six Sigma Academy).

Gain a critical competitive advantage 

One of the critical advantages of Lean Six Sigma is that it provides a structured framework for problem-solving. The system requires teams to analyse data, identify root causes, and develop solutions. This allows businesses to focus on the most critical issues and prioritise their efforts accordingly. As a result, companies are more likely to achieve their goals efficiently and effectively.

In addition to being effective, Lean Six Sigma is also ROI-efficient: on average, companies implementing such processes achieved a 40% higher ROI than ones who didn’t.

Finally, LSS is scalable, meaning that businesses can easily adjust their efforts as needs change. This makes it equally ideal for both big and small businesses. Big businesses want to capitalize and save, and small businesses that are growing want to manage how much money they need to invest upfront.

Wrapping up – the benefits for companies and professionals

As you can see, Lean Six Sigma offers numerous benefits for businesses of all sizes. If you’re looking for ways to improve your organisation’s performance, this approach could be the answer you’re looking for. With its structured framework and cost-efficiency, Lean Six Sigma can help your business succeed in today’s competitive marketplace. Furthermore, there’s a high demand in the market for Lean Six Sigma specialists: at the moment of writing, there are more than 18,000 open positions in the US on LinkedIn alone!

Prepare yourself with the right material and become an expert in this methodology: check out the books required for the exams here. Discover more about our LSS certifications. Get ready to boost your career and your company’s productivity with our tailored exams!