What is Lean Six Sigma (Supply Chain Management)?
Lean concepts are very demanding in manufacturing field for efficient handling of business operations through best practices of operations management. It has also become popular for its universality across the business operations of many areas. These areas might be referred as lean enterprise, lean manufacturing and lean production and operations management. Lean Six Sigma is a collaborative and team based effort to systematically improve the performance by eliminating waste which might be defective products, over or under production, stock out situations, and inefficient utilization of talent, inventory, working coordination and transportation problems. Lean Six Sigma concept is not an old one. It was first time published in a book in 2002. Supply chain management in marketing area is concerned with management of distribution and supply chain network in a way that product with high-quality features successfully delivers to target market customers at right time with minimum cost. By application of Lean Six Sigma in supply chain management, a manager or business owner can identify and solve the supply chain problems. This practice also creates a specific target for elimination. It works on the basis of the end customers in order to continuously offer products and services that have enough value and capable of satisfying consumers need. Lean Six Sigma (Supply Chain Management) is very insightful and brief guide to lean application and marked as valuable resource for retailers, distributors, suppliers, wholesalers and other members of supply chain network.