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Is your organization, Lean Six Sigma Ready?

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As of the latest companies have implied the Lean Six Sigma methodology in anticipating amazing results to their business like GE, Motorola, and AlliedSignal. Executing Lean Six Sigma might show up to be a profitable recommendation for numerous, but it also has possessed a set of challenges and pre-requisites. When the specified components are not in place, Six Sigma cannot convey the best result for the organization. Hence, prior to actualizing Lean Six Sigma, it is valuable to assess whether your company is prepared for this progressed quality management process. A few of the significant components that choose your company’s status for Lean Six Sigma are examined underneath: Presence of Dedicated Resources If you need Lean Six Sigma to work for you, at that point your administration ought to guarantee the nearness of qualified experts taking charge of the ventures as well as mentoring others working towards handling improvement. In spite of the fact, usually, there are many org
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Insurance Fraud Prevention using Six Sigma

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  People perpetrate insurance fraud, which costs the industry lose to millions. Insurance fraud, on the other hand, is also hard to detect, with the right tools in place therefore the insurance companies have to stay observant. This can allow them to be proactive and identify when fraud is about to happen and prevent it before the damage is done. To prevent fraud, Insurance companies can take the Six Sigma methodology into their business processing which will check the damage from henceforth. So, What is insurance fraud and how is it detected? Insurance fraud is a scandal. It is an activity that is directed by the fraudulent act of profiting from the insurance claims process. Basically, a petitioner files an insurance claim they know is false i.e. filled with wrong information, in order to receive some gainful that they aren’t entitled to. To prevent insurance scams from occurring, it is first required to be detected. Fraud exposure is a powerful business analysis tool that organ
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How is Lean Six Sigma different from TOGAF?

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  Six Sigma has been transforming businesses for a long time and it has proved in showing successful results to the frameworks with a new phase to their entity. Still, there is confusion among the people that remained unsolved.   Well, let’s see whether I can solve your doubt. So, your difficulty is to understand the basic difference between the two broad industrial upliftment concepts i.e. Lean Six Sigma and TOGAF. In this ongoing industrial procedure, the race-winning approach is to be taken further for an improvement in the strategy and implement it when it comes to streamlining the business process with a model of a good management system.   The terminologies- Six sigma and TOGAF are both having proponents and detractors who can cite several situations, but, Lean with Six Sigma is contributing more value to the industries as it can be applied in any type of business whether it is a small or big, national or multi-national framework. So, to detect the difference in this conte
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Elimination of Industrial waste by Lean Six Sigma

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  Can you think about an organization without incurring any unnecessary waste? No, Right? There is some waste in the workplace in a different form- may it be time, techniques, employees, etc. In the same way, process owners are struggling day and night for preventing wastage from the production process to reaching it to end-users. Even, in countless companies, it is getting affected without their knowledge and further hampering the output, sales process with incurring losses. When 3m’s Environmental, Health, Safety Operations (EH&SO) The organization adopted Lean Six Sigma in 2000-2005 of aiming to improve corporate ESH service and activities focusing on operational efficiency, product yielding, direct reduction in energy use, waste reduction, air emissions.   The EH&SO organization had two belts( Black Belt and Master Black Belt ) under the Lean Six Sigma training program for their in-house employees.   The members of EHS undergone  green belt training and thereby blac
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