What does the term 'Lean Six Sigma' refer to?

The term 'Lean Six Sigma' refers to a combination of Lean principles and Six Sigma methodology. This integrated approach aims to improve process efficiency and quality by eliminating waste while reducing variability in processes. Lean principles focus on streamlining operations and maximizing value by minimizing non-value-added activities, while Six Sigma uses statistical methods to identify and eliminate defects and variations. The synergy between these two methodologies enables organizations to fine-tune their processes, enhance performance, and deliver higher-quality products and services to customers.

By blending these approaches, Lean Six Sigma addresses both the speed and quality aspects of processes, making it a versatile and powerful methodology used across various industries to foster continuous improvement and operational excellence.