In lean production, value is the ultimate goal for customers. Processes that do not provide any value are called waste. Value stream has been embraced as a great methodology for identifying the inherent waste, and plan to eliminate it, which is an indispensable tool in your six sigma program...
lean six sigma, lean manufacturing, lean transformaton, value streamMiddle Managers A Key in Any Transformation
Six Sigma Proves Its Value in Funds Management Published: February 26, 2010 by R. Kannan Six Sigma is a systematic data-driven approach that works across most processes, products and industries. It focuses on improving process performance to enhance customer satisfaction and bottom-line results. ...
but Six Sigma can also help you increase your revenue. A useful concept in Six Sigma is that of Economic Value Added (EVA). Using Six Sigma, you can actively create Economic Value Added to increase
At APO, solving tough problems is our specialty. Our team is highly skilled in a variety of methods including Six Sigma, 8D, and A3. We are confident in our ability to transform seemingly impossible tasks into achievable ones. Our passion for tackling the most challenging obstacles is what se...
Ken Feldman, PhD, is a Lean Six Sigma (LSS) Master Black Belt and Principal Consultant at Optec Consulting. He has more than 50 years of experience helping organizations improve quality and performance in a wide variety of diverse industries. ...
Here are a view basic steps in getting started: Do a walkthrough of the entire process of what it takes to produce the product or service. This has to be done after you have identified what exactly the customer deems as value. In the walkthrough, make sure you distinguish between which ...
The principles of value engineering (VE) and Lean Six Sigma (LSS) have much in common; however, the synergistic use of these methods has the potential for achieving benefits greater than either approach would derive on its own. This paper provides a brief summary of the VE and LSS approaches...
Proposed structure for integrating Lean Six Sigma DMAIC and RAMI 4.0 In this study, the RAMI 4.0 model is integrated with the LSS DMAIC methodology with a special emphasis on the "Life Cycle and Value Stream" dimension, which focuses on the entire life cycle of the products or processes. ...
The p-value is a shortened way of writing the probability value. This is the calculated value that results from hypothesis tests, in order to decide if one or more groups differ statistically from each other. You can compare means (averages), variation (