Lean vs. Six Sigma – Which is more relevant to manufacturing today?

Six Sigma

In the intensely competitive manufacturing world, absolute production reliability and optimum resource utilization are crucial. Lean and six-sigma are the two most successful approaches for improving process reliability and efficiency. However, the debate on which approach is more relevant to manufacturing in the 21st century rages on. So which of the two methodologies should a […]

Going Lean – A Panacea for Global Manufacturing

Lean Manufacturing

Translated literally, the phrase ‘lean mean fighting machine’ implies doing away with excesses and being single-minded in one’s objectives. For most businesses, that singular objective is improving profitability. However, continued economic uncertainties, stymied global demand accompanied with heightened levels of competition, customers that are more discerning, stiffer environmental regulations and rising input costs have put […]

New Risk Assessment for Global Supply Chains

REI assess risk of major disruptions like earthquakes and tsunamis

Supply chains are the backbone of global economies. As a result, governments and businesses hedge against major disruptions or operational risks that impact the supply chain, such as natural calamities affecting suppliers, manufacturers and vendors. According to Supply Management, 90% of companies fail to apply an effective risk management plan prior to outsourcing.  Most organizations […]