Benefits of Lean Six Sigma That Every Business Should Capitalise On
Lean Six Sigma, a quality management system, has been around for over three decades. It originated in the manufacturing industry but has since found its way into other sectors.
It’s not just a method of improving quality and productivity but also a technique to optimize processes across different departments within your organization. There are many benefits of Lean Six Sigma that every business should capitalize on:
Cost Reductions
The six sigma process improvement enables you to find and eliminate waste and increase customer satisfaction and employee productivity, helping you reduce costs in your business.
- Cost reductions: By reducing rework and increasing quality, Six Sigma projects can help to save money for your business.
- Increased customer satisfaction: The process also helps you improve customer engagement by providing better products or services that meet their needs more precisely.
- Increased employee productivity: By helping employees priorities their work more effectively, Six Sigma improves their overall performance.
Productivity Increases
The benefits of Lean Six Sigma for your business include increased productivity. This is achieved by eliminating waste—anything that takes time, money or resources away from the primary task. There are many examples of waste in business, including:
- Extra steps are taken to complete a task
- Duplication of effort
- Redundant processes and protocols
All these things take away from the core goal of any organization: to get products out into the world as quickly and efficiently as possible. By eliminating unnecessary activity, businesses can get back on track to their primary mission with less lost time and money spent on extraneous materials.
Enhanced Customer Satisfaction
One of the best advantages of Lean Six Sigma process improvement is to help improve your customer satisfaction. It would be best if you always focused on satisfying customers to earn more money and grow your business. Customers are the lifeblood of any business, and without them, there would be no profit or growth.
Lean Six Sigma principles can help you ensure that your products or services meet their needs by providing better quality products at lower costs. Customers will appreciate this and share their positive experiences with other customers and friends who may also buy from your company in the future.
Conflict Resolution
You can use Six Sigma to help resolve conflicts between two or more parties. The methodology is designed to help businesses identify and eliminate waste, reduce costs and improve quality. This means that when you’re trying to solve a problem, there’s a better chance of finding the best solution if everyone involved in the decision-making process follows specific guidelines. Using a structured approach allows all stakeholders to share their perspectives with full consideration for other’s needs and preferences; this helps prevent any one party from dominating the discussion or feeling that their concerns aren’t being heard.
Improved Problem-Solving Abilities
When you’re working on a problem, the first thing to do is define it. Don’t waste time trying to fix something you don’t understand. Your goal should be to find the root cause of the issue and then decide how you want to address it.
When setting goals, don’t worry about other people’s plans. Set your goals based on what is essential for YOU and YOUR business, not someone else’s business or personal interests.
Lean Six Sigma and the Wide Range of Benefits
Lean Six Sigma is a set of techniques that help companies to solve problems, reduce costs and increase revenue. Its application is functional for any business or department in any industry. Some examples are marketing, sales, customer service, human resources (HR), finance and accounting, and manufacturing.
Lean Six Sigma is structured around three key phases: define/improve/control (DIC). In this model, it’s essential for each phase to be completed before moving forward because each phase has specific goals that must be met before moving on to the next step to succeed using Lean Six Sigma principles.
Final Thoughts
The bottom line is that there is a wide range of benefits that Lean Six Sigma can offer. This methodology can help you reduce costs in your business but it’s not just about cost savings and increased productivity, though those are important considerations in today’s business environment. Lean Six Sigma is also an opportunity to improve customer satisfaction with your products or services, resolve internal conflicts, and increase problem-solving ability across the board within your organization– all while reducing waste along the way!
