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Six Sigma Skills and Employability Globalization opens the doors of opportunity for a nation to increase its development in political, social and economic sectors. It stimulates the growth of economy by providing more job opportunities, thus increasing the employment rate. Despite the increasing number of job vacancies, globalization also brings about competition among individuals who…
Lean Six Sigma methodology & Industry 4.0 Industry 4.0 stands for the fourth industrial revolution which is defined as a new revolution in the aspect of organizational practices that are geared towards increasing customers’ satisfaction and fulfilling their requirements through the use of data and cyber-physical system The Transition from Industry 3.0 to Industry 4.0…
In the Lean Six Sigma Control phase, any improvements that are identified are captured and documented. The main goal of the phase is to maintain the gains obtained from the Lean Six Sigma Improve phase. Hence, it is crucial to standardize the procedures to ensure that the new and improved processes are sustained.
In the Lean Six Sigma Improve Phase upon identifying the root-causes, solutions are generated and tested by conducting a pilot. Baseline data from the Lean Six Sigma Measure phase is compared to the data collected from the pilot, in order to identify any improvements that can be made.
The main purpose of Lean Six Sigma Analyze phase is to identify the root causes of the problems. During this phase, data analysis is conducted in order to filter the reasons of the problems. By pointing out the primary causes of the problems, correct solutions can be implemented.
Bank of America Bank of America is a prominent American multinational investment bank and financial services company. Operating in 40 countries across the globe, with trading asset of around 11% in the first quarter of 2018. In 2011, the organization was determined to adopt Lean Six Sigma improvement program as an effort to improve…
Lean Six Sigma (LSS) – How something purely built around measurements can make and break the job market? Department of Statistics Malaysia confirms an unemployment rate of 3.4% in the month of June 2018. According to Malaysian Industrial Development Finance (MIDF) our current statistics are not alarming but this is definitely not something…
Lean Six Sigma Measure is a phase where the current performance is measured. It is also the phase where a problem or any improvement that should be made is mapped out in detail. The focus of the Measure phase is to quantify the problem and establish the baseline data.
Lean Six Sigma Define phase identifies the problem statement and goals. A problem statement is developed to highlight the improvements needed by defining the measurable criteria or metrics. The goals are the direct reflection of the problem statement in which any improvement in the processes should be aligned with the goals set.