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. 

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Gaining a Competitive Edge with Lean Six Sigma

Understanding how one can have an added advantage by Lean Six Sigma certification. 

The world has become more competitive due to the sudden outbreak of a global pandemic where economies have crashed and are thriving to survive in the market. 

Industry experts have come to realise that process control and continuous improvement can be of utmost importance to achieve productivity and reduce cost in a time where sustaining in the market has become a challenge.

Lean Six Sigma methodology is critical to get hold of a competitive advantage as it not just focuses on one aspect of an operation but has a versatile nature that provides a lot of benefits to an organisation. 

Lean and Six Sigma tools are best to maximise customer satisfaction and value to an extent which in turn provides a competitive edge to a professional or an organisation by driving rapid improvement processes in several areas. 

Lean Six Sigma is a synergised management approach that includes improving processes, gaining efficiencies, solving problems, improving consistency in meeting client’s requirements, and conducting enhanced project management.

According to The American Society of Quality, “Lean Six Sigma is a fact-based, data-driven philosophy of improvement that values defect prevention over defect detection. It drives customer satisfaction and bottom-line results by reducing variation, waste, and cycle time, while promoting the use of work standardisation and flow, thereby creating a competitive advantage. It applies anywhere variation and waste exist, and every employee should be involved.”

In difficult times like these, digital tools are proving to be more vital than ever. Millions of people under lockdown are now turning to digital means to continue with their daily lives. During a pandemic, technology is the only solution that could act as a catalyst to magnify the revenues. 

Organisations have already identified virtual reality as a possible tool to not just boost up the uptake of technology but also to improve employee training in this season of work from home. Employee training would help to build up the morale of employees resulting in higher productivity of workers by imparting an additional skill set. 

Engaged employees drives innovation and push their organisation forward. They act as a catalyst to change and help to come up with new ideas that would benefit their organisation.

One way candidates can distinguish themselves, highlight their skills and passions, and gain a competitive advantage in a competitive workforce is to become certified in Six Sigma.

Programs like Lean Six Sigma encourages employees to reach their potential by working towards the goals of an organisation and making a way for operational excellence. 

For KPMG Lean Six Sigma Training Registrations

mail to in-fmsixsigma@kpmg.com or call at 

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Lean Six Sigma and Organisational Development

Understanding how Lean Six Sigma can help to achieve Organisational Development. 

Peter Drucker, a well-known management consultant, educator, and author, whose writings contributed to the philosophical and practical foundations of the modern business corporation has a very famous saying, “What gets measured, gets improved”. 

Process Improvement in Organisational Development is nothing but a dynamic task of identifying, analysing and improving upon existing business processes within an organisation to meet quality management, standards and customer satisfaction. 

The practitioners of Organisational Development know that to encourage their organisation to change, they need to understand the system and the processes of their operations in depth so that they can make necessary changes in the leadership and cultural behaviour of the entire organisation to attain self sufficiency and productive results. 

Bill Smith, an engineer and scientist at Motorola, came up with a process improvement methodology called Six Sigma in1980’s to promote quality that would standardise defect measurement and drive improvements in manufacturing.

Six Sigma approach focuses on identifying the waste that results from variation within the process. According to experts, once the variations are eliminated the results would be precise and would have no deviation in them. It uses DMAIC- Define, Measure, Analyse, Improve and Control: a data-driven improvement cycle that mainly focuses on optimising and stabilising business propagandas and designs.

The five phases of six sigma can be briefed as:
1. Define- In this phase, the boundaries are set and goals are defined to obtain maximum satisfaction of the customers.

2. Measure- In the phase of measure, the current performance of the delivery of products or services are measured to ensure there are no variations occurred.

3. Analyse- The analyse phase of six sigma focuses on identifying the root cause of any business problem during the production process.

4. Improve- In this phase, a solution to the problem is determined and the various formats to implement the changes are identified.

5. Control- The changes in this phase are implemented. Control Phase in DMAIC approach is to ensure that the gains obtained during Improve are maintained long after the project has ended. 

Six Sigma Principles are described as: 

• Continuous efforts to achieve stable and predictable process outputs are vital for business success.
• Operational business processes can be measured, analysed, improved and controlled.
• Achieving sustained quality improvement requires commitment from the entire organisation, particularly from the top management.

These application of Lean Six Sigma, if adopted in a right way can help an organisation to develop, grow and prosper.

Lean Six Sigma has been a stepping stone in modern times of quality improvement. Thousands of companies around the world have been considering Lean Six Sigma as a way of doing business because it helps in identifying and eliminating waste that do not add any value to the product. This results in improved efficiency, productivity and also cost saving.

For KPMG Lean Six Sigma Training Registrations

mail to in-fmsixsigma@kpmg.com or call at 

+91 9555688555 or +91 9022033666

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More from Less: Lean Six Sigma

Understanding how lean six sigma can help an organisation to get more from less.

Coronavirus is continuing to spread and is giving a hard time to the world economy as it is uncertain how severely or for how long the pandemic upheaval is going to affect everyone. The global crisis is affecting cities, technology, approaches to climate change, and the lives of vulnerable people in unprecedented ways. 

Despite the strong and strict responses from the government on social distancing, lockdown, and rapid financial policy, it seems like the upcoming recession is going to have lasting impacts for years to come.

Coronavirus is a real tough problem to come to grips with as it has already crashed asset prices and stock markets. Organisations have started to figure out the various aspects that they need to focus on to survive in the market.

It is necessary for people to up-skill their expertise and be competitive for the upcoming change in the industry. Keeping the doors of learning open acts always as an advantage as it not only expands your knowledge but also helps you to get ready and face various challenges in your everyday life. 

Lean Six Sigma is one such program that could help you to grow as a professional and thrive in the industry. 

It is a business methodology that focuses on process improvement by eliminating problems, removing waste and inefficiency, and improving working conditions to provide a better response to customer needs and satisfaction. 

The methodology is a combination of the powerful tools of Lean and Six Sigma, that once combined together provides the most effective and efficient ways to achieve the organisational objectives by applying the right kind of tactics.

The versatility of the program makes it the best as it can help an individual or an organisation to get more from less and achieve its personal or professional goals. 

Following are the factors which organisations could benefit from lean six sigma:

1. Cost Saving

The application of Lean Six Sigma results in cost deduction as it is applied to inefficient processes. Six Sigma practices help in minimising defects and errors within the production processes. It also helps in reducing rework that consumes a lot of time and resources without adding any value to the product or service.

2. Quality Management

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.

3. Better efficiency and increase in productivity

Lean Six Sigma practices mainly focus on the elimination of wastes that do not add value to the product or service. This results in overall improvement which in turn increases the productivity and efficiency of an organisation as a whole. 
4. Quality of delivery

Organisations can also benefit from Lean Six Sigma training for delivering quality products to their customers. 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.

5. Additional skill

The certification of lean six sigma is obviously an added advantage to all the professionals in the industry. The increased competition in the market due to coronavirus will demand an all-rounder in the coming few years. The versatile nature of the program could help a professional to be on edge and outsmart others.

For KPMG Lean Six Sigma Training Registrations

mail to in-fmsixsigma@kpmg.com or call at 

+91 9555688555 or +91 9022033666

Lean Six Sigma Black Belt Training Programme 
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Manufacturing Sector During Coronavirus

Ever since China witnessed an outbreak of an unknown virus in November, the world has not been the same. We’ve abruptly taken a step back and entered a constant state of fear and misery wondering to get our lives back to normal. 

As the world began to hibernate, the economy started to slow down. China, according to an analysis, may not be able to retain its position as the ‘world’s largest factory’ in the post Covid-19 global economic order due to the tremendous decline in their production  capabilities to supply raw material to their neighbouring countries.

Managing a manufacturing plant through a crisis like this is going to be a tough call as organisations are facing significant operational challenges. The global pandemic is disrupting both the demand behaviour and as well as the supply chains of companies by challenging their capabilities to deliver goods to the market.

In response to the government restrictions or falling demand, companies have temporarily shut their factories or curtailed operations until any further notice. In case of essential supplies, the frontline manufacturers have seen a significant increase in their demand but are still struggling to take their work to the relative safety of their homes. Experts are therefore looking for ways to operate through the immediate crisis while preparing for a potentially longer period of uncertainty of the end of the pandemic. 

It is a well-known fact that the 2020 recession is going to hit all the sectors and will heavily impose a financial burden. To examine the economic and operational impacts of COVID-19, the National Association of Manufacturers (NAM) surveyed almost 600 manufacturing leaders and concluded that:
- 78% of manufacturers are anticipating financial impact,

- 53% of manufacturers are anticipating a change in operations, and

- 36% of manufacturers are facing supply chain disruptions.

The suppliers, distributors, customers, and clients, are all going to be at a great risk during a time like this. Organisations, therefore are adopting several strategies that would not only benefit them, but also their internal and external public.

The application of Lean Six Sigma suggests to eliminate waste that do not add any value to the end product. These wastes do not just add extra cost, but also reduces the efficiency of an organisation to work as it consumes a lot of time. By eliminating the steps that are not required, the productivity of an organisation automatically increases. Lean Six Sigma is an improvement methodology that helps you to identify waste and eliminate them. It is a systematic approach to help employees realise their potential and make appropriate decisions. Lean Six Sigma provides a competitive advantage by streamlining processes which results in improved customer experience and increased loyalty. It also helps in developing more efficient process flows that drives higher bottom-line results.

For KPMG Lean Six Sigma Training Registrations

mail to in-fmsixsigma@kpmg.com or call at 

+91 9555688555 or +91 9022033666

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Lean Six Sigma Serving During Coronavirus

Understanding how lean six sigma can act as an advantage during a global pandemic.

We are facing one of the biggest global health threats in decades which has led governments around the world to pack up existence. With desperation lingering and the world in chaos, coronavirus calls for an uncertain future that nobody can predict. The global pandemic has forced people to shut down their daily lives and work from home. It has also left them wondering about the upcoming recession and their probability to survive it.

There is no doubt about how vulnerable the economy is right now. The impact of the coronavirus pandemic and the lockdown it triggered is clearly evident in financial markets. But the deeper impact that it is having across businesses and industrial sectors has still no clarity. 

The one question that has been trending all over the internet is how to be productive? The closings have delivered a crushing effect and has exhausted everyone. The competition to survive and thrive in the market is definitely going to increase. A time like this won’t ever come back. Instead of nagging about everything that is happening around the world, one must try to leverage this time for the benefit of their own good. 

A program like Lean Six Sigma, whose main focus is on customer satisfaction and cost reduction, provides prized analytics and enhances processing skills of an individual that can help them with leadership responsibilities. The American Society of Quality claims, “Lean Six Sigma is a fact-based, data-driven philosophy of improvement that values defect prevention over defect detection. It drives customer satisfaction and bottom-line results by reducing variation, waste, and cycle time, while promoting the use of work standardisation and flow, thereby creating a competitive advantage. It applies anywhere variation and waste exist, and every employee should be involved.”

The combination of the strategies of Lean and Six Sigma can help you and your organisation to obtain effective results by working efficiently. Learning new concepts and programs like LSS, that are of integral importance to the industry can put you at an edge over others. This is because of the versatility of the program. It can help you to reach your potential and make necessary decisions that would not only help in eliminating waste, improving quality of delivery, reducing cost but also in increasing productivity as a whole. 

For KPMG Lean Six Sigma Training Registrations

mail to in-fmsixsigma@kpmg.com or call at 

+91 9555688555 or +91 9022033666

Lean Six Sigma Black Belt Training Programme 
Lean Six Sigma Green Belt Training Programme

Coronavirus Affecting Businesses All Over

Throughout the course of history, disease outbreaks have ravaged human race. Day by day, and piece by piece, people have seen their lives taking turns that they never imagined. As human civilisation flourished over time, it also took a leap for infectious disease. 

This is not the first time that the world is going through a pandemic. The 1918 influenza pandemic, also called the Spanish Flu, was an unusually deadly pandemic that infected about a quarter of the world’s population at that time in a span of almost three years. It had a devastated impact on businesses all across Europe and the US.

It is said that the estimated overall loss to the US based businesses was in double digits percentage drop in comparison to others. The 2020 coronavirus pandemic is no different. With fear in minds of all and the world in disarray, Covid19 has created a ripple effect in the world’s economy.

It’s not easy to sustain a business during a pandemic that no one saw coming. Companies are grappling with the upheaval wrought by the Covid-19 pandemic. It has forced businesses to step back and practice social distancing for good. According to experts, companies all over the world are ready to see a giant slowdown in growth during this financial year. 

Times like these calls for adopting approaches that would help a business to survive this crisis. By keeping in mind that it is a tough time for all and not just one, being empathetic tops the list of what to do and what not to do. The outbreak is moving quickly and because of the dynamic nature of a pandemic, the challenges that organisations are facing also changes.

The work from home structure has already altered the format that a company works in. With all the sectors being shut, there is possibly no way to function like before. It is best to undertake approaches that would help to sustain the employees, clients and suppliers while navigating the financial and operational challenges. The consequences of the pandemic are yet to be fully disclosed but what’s confirmed is that companies are going to suffer financially. 

Circumstances like these asks for handling a situation with the best of methods like Lean Six Sigma that would allow a business to apply right kind of mindset and tactics to achieve its objectives. It would help to increase the efficiency and the productivity of a business by eliminating waste that do not add value to the product. 

By adopting Lean Six Sigma program, one can benefit with cost reduction and avoiding unnecessary overproduction that leads to excessive inventory. Strategising plans and executing them accordingly are always said to be effective as it not only eliminate variations but also increases the value of a business as a whole in all. 

For KPMG Lean Six Sigma Training Registrations

mail to in-fmsixsigma@kpmg.com or call at 

+91 9555688555 or +91 9022033666
Lean Six Sigma Black Belt Training Programme 
Lean Six Sigma Green Belt Training Programme