Lean Six Sigma in General Management/ Strategy
Strategic management is a field that deals with the major intended and emergent initiatives taken by general managers on behalf of owners, involving utilization of resources, to enhance the performance of ﬁrms in their external environments. It entails specifying the organization’s mission, vision and objectives, developing policies and plans, often in terms of projects and programs, which are designed to achieve these objectives, and then allocating resources to implement the policies and plans, projects and programs.
- Case Study Description
A carpet manufacturer found that its margins were shrinking while YoY sales were growing. The strategy team decided to address the profitability enhancement assignment as a Lean Six Sigma project.
An assessment of measurement system was not needed as the financial statements had been audited. The minimum specification limit for margins was decided by promote for continuation of business.
Analysis of factors led to large variety of yarn colours used for carpet manufacturing as one significant contributor. It was found that marketing team was very flexible with design requests from large institutional customers. This led to purchase of large variety of yarn. As yarn had to be purchased in large quantities considering economic order quantities, there was huge unutilized inventory leading to high costs. A detailed survey and subsequent analysis led to the understanding that no more than six colours can be used for creating a wide variety of attractive designs. A trial was done in the next quarter with just six colour designs being offered to clients. It was found that sales orders did not dip significantly while the cost reduced significantly. This was finalized as strategic change and it served the company well.
Feedback from participants
A Must Attend Course for all Senior Level and Executive Level Management.
-Kapil Gupta, DGM Service, HCL Technologies
Excellent course – would look forward to attend the Lean workshop and go for Black belt.
-Rukmini Gooptu Giridhar, GM – Organization & People Performance, United Spirits Ltd.
The course was very innovative, the topics included were very interesting, and overall it was a new concept.Out of all the available techniques for the better run of an organisation I found Six Sigma to be the best from all the angles.It really helps to reduce the pilferage in all terms and attain the long term goals in an easy way.
-Jibu Jose, DGM, Express KCS
I appreciate the way the instructor conducted the training in 4 days with practical examples for the participants to understand it in a better way.
-Balasubramanian.Sk, Deputy General Manager, Aditya Birla Retail Limited
The Six sigma course was intensive and very interactive. The trainer Vishwadeep was hands on with everyone using relevant real time examples to highlight the concepts.
-Venugopal Nair, Asst. Vice President, Agility Logistics
The way Mr. Vishwadeep Khatri includes daily life examples in his teaching, creates a friendly environment.
-Kulvinder Singh Gahley, GM, Express KCS
I liked the way in which the details were given for each topic during the training.Benchmark is doing a great job by sharing such knowledge, though it isn’t coming free, but, it is worth the cost paid.
-Puneet Lamba, AGM, Express KCS
Its an eye opener to see the solutions can be found within problems.
-Manish Garg, DGM, Express KCS
The course has enabled me to be a better decision maker and has also enhanced my skills.
-Boby George Jacob, GM, Al Jaber Group of Companies.
The way Six Sigma is being taught will lead to new generation of thinkers and managers.
-Rohit Gupta, GM, Robinsons Air Services