About Lean Six Sigma
Lean Six Sigma, a relatively well-known approach for achieving operational excellence, can, as it turns out, does more than simply improve processes. It can help leaders discover innovation opportunities far beyond operations, enhance financial performance and create organizations that have an inherent inclination towards innovation.
As its name suggests, Lean Six Sigma is a combination of Lean methods and Six Sigma approaches. It is also sometimes referred to as Six Sigma Lean. Lean Six Sigma is a synergized managerial concept of Lean and Six Sigma that results in the elimination of the
Seven kinds of wastes/muda (classified as Defects, Overproduction, Transportation, Waiting, Inventory, Motion and over Processing) and provision of goods and service at a rate of 3.4 defects per million opportunities (DPMO).
Lean Six Sigma utilizes the DMAIC phases similar to that of Six Sigma. The Lean Six Sigma projects comprise the Lean’s waste elimination projects and the Six Sigma projects based on the critical to quality characteristics. The DMAIC toolkit of Lean Six Sigma comprises all the Lean and Six Sigma tools. The training for Lean Six Sigma is provided through the belt based training system
Source : http://en.wikipedia.org/wiki/Lean_Six_Sigma
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