Here are our top picks for Lean Six Sigma success stories and news from around the web for the week of August 3, 2015.
Continuously Improving Sustainability – Lean & Six Sigma Team Up For Environmental Sustainability
In a recent onsite project, Rockwell Collins, an aerospace company in Iowa, used their existing tools and leveraged their employees expertise to reduce their overall carbon footprint. In a one year project using DMAIC, Rockwell Collins saved more than $300,000 in electricity savings. They are now on track to reduce their carbon footprint by 15% annually, if not 2-3% more each year.
Cultural Change Will Reunite Banks With Their Long-Lost Profitability Levels
“It is estimated that 40% of the costs incurred in banks are due to wasteful activities that add no value to the end consumer.” To regain profitability, financial institutes need to strengthen their end-to-end value chains. In addition, Rolf Enders of Capco notes they should also consider Lean methodology and the Six Sigma approach aim to cut waste from processes. Lean is not new to banking and banks haven’t reached their cultural potential.