This document discusses the importance of quality and continuous improvement approaches like Lean and Six Sigma for organizations to stay competitive. It notes that traditional management approaches are no longer sufficient and that companies need more effective methods like Lean and Six Sigma to achieve process excellence, manage resources efficiently, stay oriented towards goals, remain financially strong, and deploy strategies in a timely manner. Lean aims to eliminate waste and non-value added activities in order to reduce costs and protect jobs.
Original Description:
What is the correct approach for good quality products
This document discusses the importance of quality and continuous improvement approaches like Lean and Six Sigma for organizations to stay competitive. It notes that traditional management approaches are no longer sufficient and that companies need more effective methods like Lean and Six Sigma to achieve process excellence, manage resources efficiently, stay oriented towards goals, remain financially strong, and deploy strategies in a timely manner. Lean aims to eliminate waste and non-value added activities in order to reduce costs and protect jobs.
This document discusses the importance of quality and continuous improvement approaches like Lean and Six Sigma for organizations to stay competitive. It notes that traditional management approaches are no longer sufficient and that companies need more effective methods like Lean and Six Sigma to achieve process excellence, manage resources efficiently, stay oriented towards goals, remain financially strong, and deploy strategies in a timely manner. Lean aims to eliminate waste and non-value added activities in order to reduce costs and protect jobs.
M.Tech Scholar (C.I.M) Samrat Ashok Technological Institute, Vidisha Today’s manufacturing and business environments are reaching a point that competition for survival and market share is an obligation. Tracking the global economy will show that being good is not enough, therefore each organization really strive for excellence if want to stay in the market. Every single organization is looking for one single outcome… PROFIT ??? PROFIT is not a single concept but comes with many important implications: P- Process excellence R- Resources Management O- Oriented to a Goal F- Financially Strong I- Innovative – to stay ahead of competition T- Timely deployment of strategies In order to be a leader, most companies are realizing that traditional management, manufacturing processes, and other historic approaches, are not enough. More effective methods are needed: Six Sigma Lean Manufacturing With origins in the Toyota Production System, is a way of living in the business environment. Building Blocks of Lean Develop the ability: • To recognize and identify waste • To have to courage to call it waste • To have the desire to eliminate it • Eliminate the waste Truly understand that waste • Raises costs • Produces no corresponding benefit • Threatens all of our jobs