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(1) Precisely specify value by specific product, (2) Identify the value stream for each product, (3) Make value flow without interruptions, (4) Let the customer pull value from the producer, (5) Pursue perfection.
Value Stream Focus
Rather than focusing on individual machines, processes, or departments, Lean focuses on optimizing entire [...]
Any activity adds either value or waste. A step is considered valuable when customers are willing to pay for it, all other steps are considered waste. Eliminating waste is the most effective way to increase profitability in manufacturing, administration, government, and service. This article introduces the concept of waste and simple strategies [...]
Six Sigma is used by virtually all industries to improve quality and overall results. It is a structured and disciplined approach of reducing variability in products and processes, based on principles from business, statistics, and engineering. The ultimate goal of Six Sigma is achieving 'Perfect Quality' below 3.4 defects per million opportunities. Results are more reliable [...]
Lean is a customer-driven approach to eradicate operational business problems. It is a perspective, a culture, way of thinking, leading and operating, not just a set of efficiency tools. Lean focuses on what customers need and willing to pay for, not on what the company likes to do.
Lean reduces inefficiencies that drain [...]
The service sector is at the beginning of major transformation period. Savings potential is an estimated 50-75% compared to traditional processing, accomplished through shorter cycles, continuous flow, and faster decisions. Maintaining competitiveness requires continuously improving productivity, “doing more and more with less and less”. Proven methods from manufacturing provide effective solutions [...]
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