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Products & Services R and AS Conferences 2003 Aug 2003: Lean, Six Sigma and TQM: Beyond Manufacturing

Aug 2003 GBC Presentation: Best Practices LLC Research Findings: Implementing Lean, Six Sigma and Other Productivity Platforms (Best Practices, LLC)

ID: GBC-P082003BCB


Published: Pre-2013


Delivery Format: PowerPoint


 

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Direct access to this research is not included with your membership level.

 

919-403-0251

  • STUDY OVERVIEW
  • BENCHMARK CLASS
  • PRESENTER INFO
The purpose of this benchmarking exchange is to identify lessons learned and valuable insights regarding the implementation and management of lean and six sigma and other productivity approaches. Best Practices, LLC administered this survey and compiled the results on behalf of the Global Benchmarking Council. The benchmark class included more than 80 companies. Key findings included:
  • Lean sigma and six sigma are chosen by the majority of the benchmark class as the most often used productivity approaches.
  • All of the productivity approaches are best geared to reducing costs and cycle time and improving supply chain. Productivity approaches are viewed as less beneficial to improving human resources, sales and marketing.
  • Lean sigma receives the most number of votes as a critical approach to all areas.
  • More than half (55%) of the benchmark class expect to achieve between 1-7% of savings/revenue enhancement through lean or six sigma.
  • Across the benchmark class, companies’ average targeted 2003 savings/revenue goal is $71 million.
  • One quarter of the benchmark class report that black belts must contribute from projects to meet 2003 performance goals. Of this quarter, 32% contribute up to $500,000; 86% contribute up to $5 million.
  • 88% of the benefit of productivity approaches is accrued to operations, followed by manufacturing (49%). IT, followed by sales, finance, support services, human resources and marketing receive less benefit.

Industries Profiled:
Consulting


Companies Profiled:
Best Practices; LLC

Chris Bogan
President and CEO

Best Practices, LLC