How Lean Six Sigma Maximizes ROI of an Enterprise

How Lean Six Sigma Maximizes ROI of an Enterprise

Today, enterprises that adhere to Lean Six Sigma process improvement methodology and train their employees in Six Sigma certification categories such as Yellow Belt, Green Belt and Black Belt stand a chance to survive in this highly competitive market. Six Sigma ensures compliance to high industry standards and reduces errors and deficiencies in processes.

On an average 51% of enterprises across the globe invest in training for employees every year.

Average Training Hours Employees Receive:

Year
Hours of Training
2009 35 Hours
2010 28 Hours
2011 35 Hours
2012 24 Hours
2013 37.5 Hours
2014 40.7 Hours


Source: Training Magazine’s 2014 Industry Report

Enterprises spend close to ~USD 1200 for training an employee each year.

Year Average Training Expenditure per Employee
2013 $1208
2012 $1195
2011 $1182
2010 $1228
2009 $1081

Lean Six Sigma is one of the most widely-recognized process improvement methodologies across the globe.

Process Improvement Methodologies Percentage
Lean 50.2%
Lean Six Sigma 48%
Business Process Management 42.4%
ISO 34%
Six Sigma 33.1%

Enterprises achieved 65% of higher project savings by adhering to Six Sigma methodology

Challenges towards Employing Process Excellence Methodologies

  • 2% believe competing priorities for time and resources takes precedence
  • 8% don’t see the value at all
  • 5% think Six Sigma is an unnecessary overhead
  • 5% had some other reasons

Top 5 Areas where Process Excellence is Applied

Areas Percentage
General Business Operations 68%
Customer Service 45%
Supply Chain 42%
IT 39%
Manufacturing 38%

In an enterprise where on an average when an employee adheres to Lean Six Sigma process improvement methodology achieved 40% more ROI than those who did not use it.

Cost vs. Savings

  • Yellow Belt – 3:1
  • Green Belt – 5:1
  • Black Belt – 7:1

In today’s competitive environment, businesses that have a formal Lean Six Sigma program and who have adopted DMAIC methodology require Lean Six Sigma Black Belt certified professionals to produce 65% of higher project savings which in turn achieves 40% more savings than those who apply traditional and archaic programs to complete their projects.

Invensis Learning specializes in providing Quality Management certification training courses such as Six Sigma Green Belt Training and Six Sigma Black Belt Training. We also offer other certification courses related to ITSM, Project Management, Program Management and Technology Training. If you would like to know more about the benefits of project management certifications for your career, call our training consultant now on: USA +1-910-726-3695; UK +44-207-193-4519;  AUS +61-280-113-469: IND +91-80-6500-0255, +91-96202-00784. Or email support {at} invensislearning {dot} com today.