Value creation has never been more important than it is in the light of the current issues facing many companies in today’s business environment. In order to achieve that objective many organizations have implemented Value Engineering and Six Sigma., however these implementations are commonly disconnected application solutions. Presentation VE and Six Sigma complementary aspects will demonstrate synergy of the integrated Lean Six Sigma and Value Engineering methodology that harnesses existing organizational creativity and knowledge resulting in superior innovative products and processes with unique customer benefits.
In today’s rapidly changing, complex, and global environment, the ability to create value through innovative products and services, faster and more profitably than competitors is a matter of survival and sustained success. That goal and objective of sustainable value creation and retention can be achieved only by implementing simultaneously Value Engineering, Lean and Six Sigma methodologies that share common scientific methodology based Structure.
Lean has been around for a long time and has helped many organizations become more efficient in the way they conduct business. This presentation seeks to introduce other Value Improvement Practices (VIP) that have been developed after Lean and how they also are supporting organizations to become more effective. They will be briefly discussed and then compared to what I believe is the ultimate process to improve efficiency, performance, and cost which is the Value Methodology. It has been around for over 60 years, but may not be as familiar to you as Lean, Six Sigma, Design for Manufacturing and Assembly, and TRIZ. I have been trained and have used all of the above VIPs for most of my 43 years working in many global organizations such as General Motors, Valeo, TRW Automotive, and Whirlpool Corporation. Due to this experience, I will be able to make valid comparisons of these various tools to improve value, how they differ, and why I believe that the Value Methodology is the premier process to maximize efficiency.
In today’s rapidly changing, complex, and global environment, the ability to create value through innovative products and services, faster and more profitably than competitors is a matter of survival and sustained success. That goal and objective of sustainable value creation and retention can be achieved only by implementing simultaneously Value Engineering, , Lean and Six Sigma methodologies that share common scientific methodology-based Structure.
This session will highlight key characteristics of development and implementation or Organizational Excellence architecture based on integration of Value Engineering, Lean, and Six Sigma methodologies and tools.