Lean Six Sigma: Making Improvement Jumps to Sustain Long-Term Profitability
Traditional day-to-day business improvements are not rapid or far-reaching enough to allow us to maintain competitiveness. LSS projects, on the other hand, help us develop improvement jumps to sustain long-term business profitability. We try to minimize the number of active projects while we maximize the allocation of resources to gain the greatest Benefit versus Effort. If we use all the resources at our disposal to choose projects with the best potential to create big jumps in productivity and financial return, LSS projects will bring us to new levels of success.
Lean Six Sigma: Tools to Identify Opportunities and Measure Results
Project Selection Workshop
This tool helps us diagnose process problems or identify improvement projects that will help us meet our Operating Agenda. The Project Selection Workshop allows us the chance to review and filter opportunities through different categorical groups or lenses. This analysis is usually done in a team environment in which multiple functional groups provide data, input and ideas. Four lenses help us analyze key business measures for potential projects:
• Voice of the Business (VOB) – Data that reflects financial performance and related gaps
• Voice of the Customer(VOC)–Datathathighlightsservice,qualityand performance opportunities
• Voice of the Process (VOP) – Data on individual system performance
• Voice of the Employee (VOE) – Bottom-up approach for ideas (includes Environment, Health and Safety and Regulatory projects)
Benefit versus Effort Chart
Our Operating Agenda gives scope to the filtering process, and Alcan CI Roadmaps help quantify strategic gaps. This background helps us review potential projects and then prioritize them using a quantifiable method called Benefit versus Effort analysis. With this analysis, we can apply a simple equation for reviewing financial or EHS impact versus the amount of time and expense it will take to complete the project.