Browsing: Lean Six Sigma

Six Sigma Belts have been known to start from entry-level White Belts through to Yellow Belts, Green Belts, Black Belts, and Master Black belts. So, the most 3 belts are recognized in the industry: Green, Black, and Master Black Belts. 

Operational Excellence is a wide term which demonstrates an organization’s ability in the execution of the operations. It is considered a fundamental strategy that helps the business to strengthen its growth while also staying ahead of the competition prevailing in the market.

Lean can be interpreted as a set of tools and strategies that help you identify and then eliminate the identified waste from the operations process. In this article we are going to discuss about the lean mistakes you should avoid.

Moving ahead, let’s read about what the term Lean Transformation implies. “Lean Transformation” is a term that illustrates the strategic, tactical, and operative advancements that any organization undergoes for creating more value for its ultimate consumers.

Just in Time management is focused on efficiency, whereas, lean management concentrates on using efficiency to add more value to the customers. Management helps in the achievement of goals, optimum utilization of resources, lessens the cost, establishes a sound organization, provides essentials for the prosperity of the organization along with the society, thus, benefiting every aspect of an organization.

Lean methodologies are lean since they empower a business to accomplish more with less. A lean association utilizes less human effort, less equipment, less office space, less time, and less capital- while continually coming nearer to meeting clients’ accurate necessities. 5 keys lean principles are:
Value
Value stream
Flow
Pull 
Perfection

Lean Management and Lean Manufacturing have extended its arms over the past few decades to take its applications in different areas, like: Healthcare, Service Sector (retail, travel, etc.), Government Services, IT & Software Development and growing Startups.