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The Lean Six Sigma methodology can be implemented within a wide variety of sectors. This is because all businesses can introduce measures to reduce costs and increase profits, regardless of their size and location.
Lean Six Sigma is a popular methodology adopted by world governments and is their preferred variant of Six Sigma. Lean Six Sigma suits the government so well because of the vast size of the tasks the government is faced with. Consequently, due to the government’s authority, Lean Six Sigma supplies them with much larger resolutions and achievements. Lean Six Sigma allows the government to find out where costs can be cut, eradicate needless positions, and improve the quality of the services they provide. The fact that governments use Lean Six Sigma confirms that the methodology can work within the public sector, which may come as a surprise to many.
Lean Six Sigma has become extremely popular within the manufacturing industry. Application of Lean Six Sigma methodologies can improve product quality and factory output. Lean Six Sigma assists companies in cutting down their manufacturing operations, thus reducing waste and cost, whilst boosting product quality. Many large worldwide organisations such as Dell, Xerox, and General Electric have experienced financial savings by implementing Lean Six Sigma.
Many financial establishments have implemented Lean Six Sigma methodologies for the purpose of speeding up their procedures. Banks receive hundreds of loan applications per week that get submitted to the loans department, but one must consider the process by how the applications arrive at the relevant department. They may travel around the whole building, which may take several days, before they reach the loans department because of the process adopted by the bank. Thus, the goal of Lean Six Sigma is to make this process quicker and simpler by eliminating the unnecessary steps.
Lean Six Sigma is applicable in many further sectors such as:
Transportation and Travel