Accelerate Lean Manufacturing and Six Sigma During Economic Uncertainty

More than ever, during a distressed economy Lean Manufacturing and Six Sigma initiatives should get high priority emphasis and the necessary resources

FRAMINGHAM, Mass., Nov. 14 /PRNewswire/ -- Lean training for Lean Enterprise Transformation executive seminars by management consulting firm R. Michael Donovan & Co., Inc. ( http://www.rmdonovan.com) attendees are asked to list questions and concerns they want addressed during the seminars. One executive asked: "With a recession and lower revenues likely, how should we continue our Lean Six Sigma transformation?"

"The last good choice during challenging economic times is to pull back on Lean Sigma efforts," says management consultant R. Michael Donovan. In fact, when economic uncertainty is at its worst is when the aggressive pursuit of Lean Sigma can produce high returns by aggressively eliminating waste through perfecting business and production processes. Efforts should be self-funding, improving the company's overall business performance, which is much better than the typical "cut back to survival" mode. Generating higher cash flow is of paramount importance when revenue is threatened.

Overall, the lean consultants at R. Michael Donovan & Co. agree that manufacturers should expect effective Lean Sigma efforts to produce results like:

    --  Cost-to-produce down 20%+
    --  Inventory down 50-80%
    --  Lead times reduced 60-90%+
    --  Cost of quality down 50-70%
    --  99% customer service
    --  Throughput increased by 10%
    --  Revenue and earnings growth at least twice your competition

Jack Rink, a lean consultant and lean training specialist, says, "A company rapidly on its way to becoming a Lean Enterprise is in a much better position to counter the effects of an economic downturn because a Lean Enterprise is flexible, fast and predictable. In addition, the Lean Enterprise has a significant cost advantage and less capital invested than competitors."

Donovan and Rink both emphasized that written project charters should provide for positive returns in 90 days or less with measurable results that link directly to the company's business performance. By doing this you keep leadership immersed in the "game."

About R. Michael Donovan & Co., Inc.

R. Michael Donovan & Co. is an international management consulting and education firm that provides manufacturers and distributors with Lean Manufacturing, Six Sigma, Lean Thinking and Lean Enterprise business performance improvement services on a focused, enterprise-wide, or entire supply chain basis. Website is http://www.rmdonovan.com

    Contact:

    Mike Donovan
    508-788-1100
    rmd@rmdonovan.com

This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com.

Web site: http://www.rmdonovan.com/




Review Article Be the first to review this article
Downstream : Solutuions for Post processing PCB Designs


Featured Video
Editorial
Peggy AycinenaWhat Would Joe Do?
by Peggy Aycinena
H-1B Visa: de Geus’ tragedy looms large
Peggy AycinenaIP Showcase
by Peggy Aycinena
IP for Cars: Lawsuits are like Sandstorms
More Editorial  
Jobs
Lead Java Platform Engineer IOT-WEB for EDA Careers at San Francisco Area, CA
Technical Support Engineer for EDA Careers at Freemont, CA
Mechanical Designer/Engineer for Palo Alto Networks at Santa Clara, CA
Staff Software Engineer - (170059) for brocade at San Jose, CA
Technical Support Engineer EU/Germany/UK for EDA Careers at N/A, United Kingdom
ASIC/FPGA Design Engineer for Palo Alto Networks at Santa Clara, CA
Upcoming Events
EDI CON China 2017! at Shanghai Convention & Exhibition Center of International Sourcing (SHCEC) No.2739 West Guangfu Road Putuo District, Shanghai (200062) China - Apr 25 - 27, 2017
2017 SEMICON Southeast Asia at SPICE Arena Penang Malaysia - Apr 25 - 27, 2017
2017 IoT Developers Conference at Santa Clara Convention Center California - Apr 26 - 27, 2017
Embedded Systems Conference ESC Boston 2017 at Boston Convention & Exhibition Center Boston MA - May 3 - 4, 2017
Verific: SystemVerilog & VHDL Parsers
DAC2017



Internet Business Systems © 2017 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy