Will Lean Six Sigma be relevant in future? One of the most frequently asked questions in recent times? The short answer to the question is "Yes–100%". Those who are practising Lean Six Sigma will agree with my statement. Whenever people ask me this question, I wonder why even get this question. Each industry is with many challenges without the cause being unknown, and Six Sigma is the way out. Having seen the industry from the past 16+ years, I can confidently say that Six Sigma would continue to be in demand for a long time to come. Let me back up with a detailed explanation of how Six Sigma would continue to be useful and relevance in some of the key industries to justify my statement.
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Today world is an omni disruptive world. There is a sense of urgency to streamline the way of life we are leading. AI enabled products & services, Deep Learning, IOT, Blockchain, Digital Currencies, Robotics are here & they are going to create a wave of change across.
It’s a start-up era, where creative thinkers are coming together to bring out a new product or offer a new service. Statistics suggest that 9/10 start-ups fail in the very first year and even existing businesses wrap up over a period of time. Lack of profitability is the principal reason for existing businesses to pull down the curtain.
The world is fast embracing Industry 4.0 or I4.0. I4.0 refers to a new revolutionary phase in the industry focus has been on Interconnectivity, Automation, Artificial intelligence, Big data & Machine Learning & IoT. It is also known as Smart Manufacturing.
Today world is an omni disruptive world. There is a sense of urgency to streamline the way of life we are leading. AI enabled products & services, Deep Learning, IOT, Blockchain, Digital Currencies, Robotics are here & they are going to create a wave of change across.
Time and again there have been numerous examples where organizations have got humongous benefits by implementing Lean Six Sigma. Organizations that have used the Lean Six Sigma methodology have effectively reduced waste, increased profit and enhanced shareholder value.
Irrespective of the industry you work in, chances are high that you heard the term ‘process improvement.' This streamlining of the business process is what Lean and Six Sigma is all about. Combined Lean and Six Sigma is a management approach that amplifies the strengths and minimizes the weaknesses of the system.
Six Sigma is very powerful, combined with mighty Lean makes it is even stronger. Six Sigma has produced tremendous results over the years, organization have made humongous benefits by adopting Six Sigma to their culture. A recent trend in Analytics has made Six Sigma take a back seat; many fail to understand that Six Sigma is a package and more than just statistics and it offers a long lasting solution, but we got to adopt series of changes to Six Sigma to be more effective. I am sharing my first line of thoughts (few more are in the pipeline), looking forward to your valuable feedback.
Having six sigma certification in your achievements gives you a powerful boost to your career. Applying the methodologies taught in Six Sigma presents a strong promise to the organization or business you’re involved in. It helps you in solving core management issues and improve efficiency.
SIPOC is a high-level process map that indicate the process flow, inputs required for the process, Supplier of those inputs, output of the process and customer for the process.