Need help with my Engineering question – I’m studying for my class.
As global competition continues to grow, the pressure to improve becomes more and more intense. Executives and managers face many challenges: increase sales, reduce cost, reduce inventory, accurately forecast future demand, find the next market breakthrough, and most of all Survive! Although there are many ways to improve, many organizations have invested in at least one of the two most widespread methods of improvement: LEAN or Six Sigma.
Since the objective for both methodologies is to improve the organization’s performance, present your perspective on whether organizations should take an “either or” mentality between LEAN and Six Sigma or they should adopt a fully integrated approach.
(around 500 words)