While both tools focus on eradicating waste in the operational process, Sigma advocates argue waste happens when you deviate from the process. Meanwhile, Lean practitioners tend to attribute waste to unnecessary work that detracts from your end goal.
It requires an understanding of how Lean Six Sigma tools and methodologies can be implemented in people intensive processes.
Developed in 1986, it has become a global phenomenon and is used by companies and individuals around the world.
Let’s look at 4 ways Finance Professionals can benefit from using Lean Six Sigma: