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Lean Six Sigma News - Medical Labs Respond To Budget Cuts While Financial Professionals Compete For Annual Awards - GoLeanSixSigma.com

Here are our top picks for Lean Six Sigma success stories and news from around the web for the week of August 31, 2015.

Covidien, Dow Corning, and Hilton Worldwide Are 2015 AFP Pinnacle Award Finalists

Covidien, Dow Corning, and Hilton Worldwide are finalists for the Association for Financial Professionals (AFP) 2015 Pinnacle Award. Of the finalists, Dow Corning is up for “utilizing Lean Six Sigma techniques, value-stream mapping and a return on human assets focus.” Dow Corning overhauled its manual, process-heavy currency trading program and as a result of the overhaul, the organization cut nearly $5 million a year in costs. Dow Corning was also able to re-allocate nearly 600 hours of labor to more value-adding activities!

Pursuit Of Alternative Revenue, Cost-savings Never Ceases

Part of Dublin, Ohio’s initiative, Dublin Difference, is to commit to ensuring taxpayer dollars are used in the most cost effective manner possible. Dublin district has embraced the concepts involved in Lean Six Sigma to run their efficiency programs and to provide data driven results in their initiates. Additionally, in the past three fiscal years, Dublin has steadily increased revenues and they are continuously looking for alternative sources of revenue.

Canadian Medical Laboratories Face Squeeze, Need To Acquire New Diagnostic Technologies And Increased Demand For Lab Tests

Medical laboratories in Canada are struggling to find more funding and space with an increasing number of patients. With this struggle, certain laboratories are struggling to meet the steady annual increase in lab specimens that must be tested and how to do the additional testing even as government health systems trim budgets each year. Responding operationally, medical labs are beginning to respond with Lean Six Sigma and process improvement methods.

Jurija Metovic

Jurija is the Client Experience Manager at GoLeanSixSigma.com and provides extraordinary support to our clients to ensure their Lean Six Sigma process improvement journeys are easier and more streamlined every step of the way.