When it comes to running a business, especially a small business, you may already be aware that the world of manufacturing is changing.
Lean manufacturing principles have shaped the lean six methods and production strategies. The time for adapting to them is now.
If you want to succeed in business, you will at some point need to begin to adapt to Agile principles and Lean Six Sigma.
Unfortunately, even with all the information available, this may still feel like a mammoth task.
Don’t worry. We’re here to help you understand the lean six principles. Read on!
1. Eliminate Waste
Eliminating waste is one of the core concepts of Lean Six Sigma principles. Every business should take the time to identify and eliminate any type of waste associated with the company’s internal processes.
This includes anything from time, resources, or products that you may have to discard. Eliminating waste saves money and increases profit. In addition to eliminating waste, Lean Six Sigma also stresses the importance of becoming as efficient as possible.
Too often, companies overlook these principles and fail to realize the positive impact they can have on the bottom line. Every business should strive to use Lean Six Sigma principles to reduce wasted time, energy, and resources and optimize processes.
2. Continuous Improvement
The Lean Six Principles are a valuable set of guidelines that every business should adopt. This is to achieve better operational performance and drive continuous improvement. This quality management approach which is also introduced by The Lean Six Sigma Company seeks to optimize business processes and resources.
This is achieved while minimizing the use of non-value-adding activities. By minimizing the focus on delivering value to customers, businesses can better serve their customers.
Additionally, the Lean Six Principles promote the involvement of every employee in the improvement process. This can lead to greater satisfaction and productivity among staff. Businesses can then reap the benefits of:
- increased efficiency
- improved customer satisfaction
- lower costs
It goes without saying that by adopting the Lean Six Principles, businesses will take a giant leap forward in achieving success.
3. Data-Driven Decision Making
The Lean Six Principles promote the use of data-driven decision-making practices in businesses. This involves using quantitative data gathered from customer feedback. It also uses business analytics to make informed choices to increase efficiency and waste reduction.
The aim is to use data to identify:
- business inefficiencies
- areas of improvement
- opportunities for growth
Data-driven decision-making also allows businesses to work smarter, not harder by making better use of their resources, meaning they can do more with less. Moreover, data can be used to identify trends and ensure decisions are in line with customer and market needs. Businesses then can make more informed and accurate choices, increasing efficiency and helping them stay competitive.
Learn The Basics of Lean Six Principles
By streamlining operations and cutting costs, businesses can achieve higher profits. For businesses wishing to increase efficiency, these principles are an excellent place to start and should be adapted to business needs. Start now by assessing your operations and implementing the Lean Six Principles accordingly.
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Amanda Byers is a graduate of Columbia, where she played volleyball and annoyed a lot of professors. Now as Zobuz’s entertainment and Lifestyle Editor, she enjoys writing about delicious BBQ, outrageous style trends and all things Buzz worthy.