Lean and Six Sigma – Extra Credit Opportunity

This extra credit opportunity can be used as a substitute for one of your exams or as a replacement for one of your exams. For example, if you are satisfied with the grades on your first two tests, you can do this report in lieu of taking the 3rd exam. If you are not satisfied with your first two exams, you can take the third exam and substitute the grade on this extra credit report for one of your three exams (i.e., this means you still have 2/3 of your final test grades that can be possibly be improved). Your report must be a minimum of 5 pages and maximum of 6 pages using Times New Roman 13 point type.

Lean and Six Sigma are probably the most researched, published, and utilized Continuous Improvement methodologies currently in use. It is therefore important that you be familiar with both of these methodologies. This Extra Credit Opportunity gives you the chance to familiarize yourself with these tools while also gaining extra credit for doing so. As you do your report, please include answers to the following questions:

1. What Companies created each of these methodologies (Lean and Six Sigma) and approximately what date?
2. Define “Lean” and “Six Sigma” and identify the purpose or goal of each in their most fundamental terms.
3. What is “Lean Six Sigma”?
4. What is the basic methodology used in Lean versus the basic methodology used in Six Sigma?
5. What are the major tools used by Lean versus by Six Sigma?
6. Identify a company that has implemented, Lean and report a significant quantitative measure of improvement.
7. Identify a company that has implemented, Six Sigma and report a significant quantitative measure of improvement.
8. Identify a company that has implemented, Lean Six Sigma and report a significant quantitative measure of improvement.

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