Developed in 1986, it has become a global phenomenon and is used by companies and individuals around the world.
It offers training in methodologies, which are in high demand across industries. The benefits that businesses have accrued due to the use of Lean Six Sigma include reduction in costs, increased customer satisfaction, higher profitability and enhancement in employee productivity.
Lean Six Sigma is as beneficial to individual managers as it is to the entire organization. We now look at 5 ways you can use this philosophy in your work and your personal career.
1. Data Verifiable Decisions
Lean Six Sigma makes use of several important managerial principles, such as gathering, measurement and quantifying of data. A certification in Lean Six Sigma will give you a thorough understanding of making use of data to achieve desired outcomes. Its use of data to reduce errors in a process is highly acclaimed. It also places high importance on identification and measurement of costs and benefits in decision making.
Being a Manager, this should be important for you especially because businesses in the 21st century have realized the critical importance of data. Data-backed decisions are more reliable in the eyes of the higher management.
2. Ease in Training and Retention of Staff
It is the duty of Managers to keep employees working under them motivated and informed. Lean methodologies focus on elimination of business procedures that could be considered irrelevant in the eyes of their customers.
Not only does this helps improve customer satisfaction, but reduces unnecessary movements for the employees and improve their productivity. And through standardization of processes, training of new employees hired into the business is also made easy.
3. Applicability Across Industries
As a manager, you have the option to acquire several certifications. But the benefit of learning Lean Six Sigma is that it has applicability across industries. And the reason for such a wide application is its reliance on broad use of waste reduction principles rather than on specific procedures. As a proof of that, we know Lean Six Sigma is being successfully implemented in electronics, banking and financial services, IT, telecom, HR, marketing, and many more industries.
4. Ensuring Compliance
With globalization and increased competition, managers in businesses have to comply with strict local and international standards. Lean Six Sigma applies rigorous quality checks and through continuous improvement allows procedures to minimize errors to a significantly low amount. At Six Sigma level, a company makes less than 3.4 mistakes in a million of its outcomes.
Therefore, managers who use Lean Six Sigma will be able to ensure compliance to legal codes and quality standards while minimizing costs.
5. Progression in Career
Most common reason for pursuing a certification is to experience career advancement. Lean Six Sigma certification certainly helps in that. It instills principles that aim for continuous improvements in process and procedures.
Salaries for Lean Six Sigma qualified managers have also experienced continuous growth. According to American Society for Quality (ASQ) Survey, salaries in 2017 went up 1.5% over 2016.
If you wish to learn more about the system of Lean Six Sigma, please check out LearningManager Lean Six Sigma.