Strategic Deployment of Lean Six Sigma in Managing Inventory Escalation Issue

Authors

  • Noor Azam Md Saad Razak Faculty of Technology and Informatics Universiti Teknologi Malaysia, 54100 Jalan Sultan Yahya Petra, Kuala Lumpur, Malaysia
  • Astuty Amrin Razak Faculty of Technology and Informatics Universiti Teknologi Malaysia, 54100 Jalan Sultan Yahya Petra, Kuala Lumpur, Malaysia
  • Khairur Rijal Jamaludin Razak Faculty of Technology and Informatics Universiti Teknologi Malaysia, 54100 Jalan Sultan Yahya Petra, Kuala Lumpur, Malaysia

Keywords:

lean, six sigma, lean six sigma, business process improvement, structured business process methodology, value optimization, inventory management

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.

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Published

2020-10-25

How to Cite

Md Saad, N. A., Amrin, A., & Jamaludin, K. R. (2020). Strategic Deployment of Lean Six Sigma in Managing Inventory Escalation Issue. Journal of Advanced Research in Business and Management Studies, 18(1), 7–15. Retrieved from https://akademiabaru.com/submit/index.php/arbms/article/view/1347
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Issue

Section

Management studies
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