$545 – $645

Reducing Cost and Increasing Profitability through Lean Six Sigma

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$545 – $645

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Event description
Equip leaders of why, what, and how Lean Six Sigma can be applied to cost reduction and revenue growth during times of crisis

About this Event

Discover The Best Problem-Solving Methodology To Reduce Cost & Increase Profitability

This Training is Perfect For...

  • Anyone who would like to learn a new approach in combatting the economic effects of the pandemic in order for the organization to optimize or reduce cost and improve revenue growth potential.
  • Open for entrepreneur, government, industry and corporate individuals.
  • Anyone who would like to increase their employability index by learning the basics of Lean Six Sigma problem solving.

Overview

During a pandemic, consumers, employees, and businesses tend to change behavior in order to survive. Consumers become price sensitive in selecting products and services. Employees fear the effect to their safety and economic standing. And businesses, have to restrict all unnecessary spending in order to save cash. In other words, behavior drastically have to change because of the effects brought about by a pandemic like COVID 19.

In business, there are different perspectives on how they would bridge the pandemic times depending on how much cash reserves they have. For the cash abundant businesses, they continue to operate with the same number of employees but on staggard schedule basis. And they pivot fast to other business model or product and services like essential products. While those that are not cash abundant, they resort to immediate mass headcount reduction and closing some business units in order to save the mother ship to keep afloat until the storm had passed. The problem sometimes is the haste of doing all these, is that, it may result in bad quality of product and services that has direct effect on customer satisfaction that may lead to loss sales.

Lean Six Sigma is a management system and a problem-solving methodology that will equip leaders of businesses on how to make a process that is more efficient and effective especially during the pandemic.

Objective

  • Equip busines leaders on how to select and prioritize strategies and initiatives
  • Learn how to organize and lead strategic initiatives to fruition – the Lean Six Sigma way
  • Learn the Lean Six Sigma approach on project management (define-measure-analyse-improve-control) on key initiatives

Summary of Content (topics)

1. Project Selection and Prioritization

2. DMAIC Problem Solving

* Define: Identifying cost reduction/revenue growth opportunity

Project Charter,

High Level Mapping using SIPOC,

Understanding Voice of the Customer

* Measure: Understanding the baseline

Value stream mapping and the 8 process waste focusing on cost reduction/revenue growth

Use of graphical analysis – Pareto Chart, Histogram using MS Excel

* Analyze: Investigating the Root-Cause of high cost and poor revenue growth

Fishbone diagram and 5Why Analysis

Interrelationship diagram Analysis

* Improve: Generate solutions and countermeasures

Ideation technique using SCAMPER tool

Use of 5S to improve the 8 wastes

Use of Impact vs Effort Matrix to prioritize solutions

* Control: Sustaining the improvement

Use of individual control chart to keep track of performance

Process management chart as a process owner guide in controlling the process

About the Trainer:

Edgar “Ed” Flores practices continuous improvement with solid background in production management, lean six sigma consulting and training, operational excellence and project management roles with top multinational companies on global and regional scope.

His key experiences include production workforce management of more than 500 people, continuous improvement deployment to more than 10 countries in Asia-Pacific, managed global continuous improvement teams composed of master black belt and black belts, conducted lean six sigma trainings (i.e. yellow, green, and black belt), led strategic black belt projects, and coached executives and project leads on operational excellence environment. He used to work with companies like Converse Manufacturing, Mitsumi, Essilor and Shell Business Operations to name a few.

His recent clients include Allergan, Continental Automotive Manufacturing, Nidec, Accenture and public training organized and sponsored by several companies and institutions.

Investment Fees:

PHP 20,000 plus VAT or SG$ 545 per person for 4 hours x 4 sessions Plus 1 Extra 4 hours Session for FREE

Contact us at enquiries@ctsolutionsglobal for more inquiries and/or to request invoice on your local currency

Disclaimer, Terms & Conditions:

Location is subject to change for face to face training

Minimum number of participants has to be reached prior to confirmation of event

Please note that trainers and topics were confirmed at time of publishing, however, CTS may necessitate substitution, alterations or cancellations. CTS reserves the right to change or cancel any part of its published programmed due to unforeseen circumstances.

Registrations should be made 4 weeks prior to training date for face to face and 1 week before training date for online

Full payment for the course should be made prior to training date unless you have pre-arranged terms with us.

Cancellation 3 weeks prior to event date or no shows are liable to pay the full course with no refund, however you may substitute delegates at any time with notice

Participants are required to attend at least 80% of the course program prior receipt of Certificate

Rates are exclusive of taxes unless otherwise indicated in the invoice

Receipt of this email to participate and/or register in any of the learning activities organized by CTS should not in any way be taken as a promise for employment or contract of employment of any kind.

Force Majeure: Should for any reason outside the control of CTS, the trainer changes his dates or event cancels due to the act of terrorism, extreme weather conditions, industrial action or epidemic, CTS shall reserve the rights to replace the trainer or reschedule the event but the client hereby indemnifies and holds CTS harmless from and against any and all costs, damages and expenses, which are incurred by the client.

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Eventbrite's fee is nonrefundable.

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