What is Lean Methodology?
Lean methodology focuses on reducing waste by removing unnecessary steps in a process that does not add value to the customer.
Many companies have the fear of not having enough inventory on hand for their customers to purchase. To alleviate this fear, companies will often overstock on particular products. This can cause a tremendous amount of overhead storage costs and if the items are perishable, a lot of the items could go unused. These are examples of “waste”.
Waste is any step or action in a process that is not required to complete a process successfully. This is step in the process is considered “Non Value-Adding”. In Lean Methodology, there are eight types of waste...
What is Six Sigma?
Six Sigma Methodology focuses on reducing waste by removing unnecessary variation in processes through standardization.
Why Six Sigma?
If an company told you it could build a plane that could successfully lift off and land 99.0% of the time, would that be acceptable? If the plane was planned on being only used 10 time then that may be acceptable. But what if the plane was planned on being used one million times? That would mean the plane would not successfully lift off and land 10,000 times.
Six Sigma quality is used to indicate a process is within statistical control. A Six Sigma rate produces only 3.4 defects per million opportunities.