Lean Six Sigma: Helping Businesses to Overcomes Losses

Understanding how the application of Lean Six Sigma can help businesses to overcome losses post coronavirus pandemic. 

The world has been under the shadow of coronavirus for almost six months now and it is no secret that the outbreak has ravaged the global economy and made it plunge into losses.

From stock markets to MNC’s, business-men to labourers, all have had a great impact of the virus on their daily lives and has been struggling to meet the ends ever since the world paused. 

After months of lockdown’s and stay at home orders, several countries have started to exempt the restrictions to make the markets going again to bridge down the consequent gaps in the economy.  

As a result, people are now fighting the virus and also working outside their homes by taking all the precautionary measures to make a living out of this pandemic situation. 

Surviving at a time like this and starting everything from the scratch can be a tough task. 

Due to the incredible fluid situation all over the world, companies need to constantly monitor the several issues that they are facing because of the ongoing events and assess their possible impacts for the near future and as well as for a longer-term. 

Organisations must anticipate the difficulties before they become larger intermediate issues that do not provide them with any benefit.

To achieve effectiveness at a time like this where businesses cannot afford to suffer from losses anymore, strategic planning could be used to set priorities, focus on resources, strengthen operations, ensure employee engagement and accomplish customer satisfaction all at once.

Business methodology, Lean Six Sigma, aims at improving operations by eliminating wastes and unnecessary processes that do not add value to the organisation and the end product.

It is a process improvement methodology designed to eliminate problems, remove waste and inefficiency and improve working conditions to increase the productivity and provide a better response to customer needs. 

This team-oriented approach has shown results in maximising efficiency and dramatically improving profitability for businesses around the world. 

By eliminating wastes and anticipating problems in advance, one can invest purely in operations that add value to the final product. 

This would help in declaring the success of a project where waste and variations are reduced and customer value is enhanced. 

Lean Six Sigma is a quality management methodology that measures and analyses processes to provide real and sustainable results. From internal control to energy use, labour to transportation, eliminating waste and improving efficiency, all told areas of operations are streamlined to quality control with no negative effect on customer satisfaction.

Not just this, the application of the programme results in cost deduction as it is applied to inefficient processes. Its practices help in minimising defects and errors within the production processes and also helps in reducing rework that consumes a lot of time and resources without adding any value to the product or service. 

Eliminating defects, delays and other deviations from the product or service's target value results in greater customer satisfaction, improved brand loyalty, and increased market share.

This results in overall improvement which in turn increases the productivity and efficiency of an organisation as a whole. 

For KPMG Lean Six Sigma Training registrations mail to:

in-fmsixsigma@kpmg.com or call at

+91 9555688555, +91 9022033666 or +91 8444011201

Lean Six Sigma Green Belt Training Programme

Lean Six Sigma Black Belt Training Programme