Do you know what ‘Lean’ is in business processes? Have you tried incorporating lean principles into any of your business processes to ward off the cost incurred via non-value and redundant processes?
Lean principle is a set of defined rules that assist in speeding up any business process by cutting off the redundant and non-value adds processes which unnecessarily emaciate quality time. Lean principles start with by finding the lead time involved in any business process. ‘Lean’ principles constitute tools and mechanisms to avoid non-value add processes thereby speeding up the pace of the current project.
Six Sigma is a methodology that operates on DMAIC principle thereby solving defects existing in a business process. It does not however contain any tool to accelerate the process under consideration.
In brief, Lean principles reduce the lead time and speed up the process while Six Sigma practice helps in ensuring the quality of the business process.
Read one of our previous post on 'Lean Six Sigma' to know how companies have embraced the concept of Lean Six Sigma to cut out waste and increase productivity while sustaining quality!