Strategic Deployment of Lean Six Sigma in Managing Inventory Escalation Issue

Abstract

Due to the massive evolution induced by information and communication technology in all aspects of life, organizations are experiencing rapid changes in organizational management, technical as well as operational aspects. Organizations need to improve their business processes in order to achieve customer demands and satisfaction and maintain competitive position in the market. A diversity of methodologies is available for process improvements. Lean Six Sigma is one of the most comprehensive methodologies known since more than fifteen years ago. Said to be originated by Toyota Japan and made famous by General Electric of USA. This paper presents an inclusive review on the deployment of Lean Six Sigma as a strategic tool or methodology in enhancing the level of efficiency in the specific business process in the organization under study. The aim was to evaluate the impact of Lean Six Sigma tools on the certain scope management process. In this study, the case was strategic inventory management. Based on the outcomes of the implementation, it can be stated that Lean Six Sigma tools have positive impact on the management process by eradicating wastes, improve internal process efficiency and optimizing the internal costs.