Lean and Six Sigma got their start in manufacturing, but they have been applied successfully in service industries for decades. We’ll focus on applications in the financial services industry. We’ll look at the results, benefits, difficulties, and lessons learned in two applications and see recommendations of how Lean can help financial services organizations in their [...]
The insurance industry is an excellent example of non-manufacturing where Lean and Six Sigma are applied for process improvement and waste reduction. We’ll look at four case studies from Germany, India, Northern Ireland, and Brazil. Lean and Six Sigma Applied to a Large Insurance Company: Germany In a paper titled “A Lean Six [...]
There is no doubt that many top financial institutions have embraced some form of Lean Six Sigma. As an exercise we went to Indeed.com in order to get a snapshot of what the demand for jobs might be. Accordingly, we looked at job notices on Indeed for six top financial institutions. J.P. Morgan Goldman Sachs [...]
Six Sigma methodology has transformed many industries, helping them achieve new heights. The methodology can help a business continuously strive for excellence in all its endeavors and processes. It does so by providing the tools to identify bottlenecks and the ways to remove those for maximal efficiency. The methodology improves quality and minimizes the variability [...]
