SOURCE: Six Sigma Online

November 25, 2009 13:24 ET

Lean Six Sigma -- A Safe Business Investment in an Unsafe Economy

Aveta's Six Sigma Online Touting Lean Initiatives as an Investment Solution in This Economy, Bringing Increased Profit in the Form of Waste Reduction

CLEVELAND, OH--(Marketwire - November 25, 2009) - If you're one of the lucky few with extra money in today's unsafe economy, you're probably wondering how to invest it. Fifty years ago, our parents could invest their money in several different ways considered 'safe.' Today, that is unfortunately not the case -- there are very few investments that are considered safe, and even fewer that will yield the kind of growth worth risking it for.

This same fact goes for business funds as well, but there is some hope for these businesses. This hope comes in the form of Lean Six Sigma, a business improvement strategy that combines traditional Six Sigma and Lean Initiatives. Six Sigma strives for perfection in products and processes with a goal of 3.4 defects or less per million opportunities. Lean Initiatives strive to eliminate waste in all forms in products and processes. The result is significant increases in bottom lines, even in today's tough economy. According to a study recently released by the Aberdeen Group, a Harte-Hanks Company, rigorous Lean Six Sigma Initiatives produced a 19% increase in profit margins, 43% quality improvement, and a 24% increase in cycle times.

As with anything that seems too good to be true, you are probably asking yourself, "What's the catch?" The answer to that question is that Lean Six Sigma is neither easy, nor cheap -- it is an investment into the future of the company or corporation. "There are two different routes a company can go with implementing Lean Six Sigma," states Craig Setter, President and CEO of Six Sigma Online, a leading provider of Six Sigma and Lean Training. He continues, "They can either pay for their own employees to be trained and certified in the Six Sigma and Lean methodologies, or they can pay for outside consultants to come in and run Six Sigma and Lean projects on their products and or processes." Either way, the results are increased profits, better products and services, and happier customers. It always seems counterintuitive, but the old saying proves to be correct again -- you have to spend money to make money.

There are many different providers for Six Sigma training, ranging in price and style of learning. Some courses are internet based, some the training providers come to you, and some are classroom based. Setter advises choosing the training provider that fits best within your budget and your learning style, with a reputable company providing the training.

Six Sigma Online is a leading provider for online Six Sigma Training, provided by Aveta Business Solutions. Six Sigma is a quality improvement strategy originally developed in 1986 by Motorola as a means of waste reduction. Six Sigma has helped approximately two-thirds of Fortune 500 organizations to streamline operations.

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