Tuesday, July 7, 2009

Can Lean Implementation To Service / Finance Industry ?

This is to reply a comment left on my earlier post.

“Do have any idea of lean implementation to service/finance industry?”

Answer to you : Yes

Don’t forget, the original concept of Lean Production System is to eliminate wasted / or non value added activities that build in the business processes.

Business processes refer to a chain of activities taken to materialize a product from the point of customer order to delivery or even after sale service.

Products can be a finish product or service that customer pay for and expected.

I have seen Lean and Six Sigma heavily apply in banking industries to improve loan and credit card application.

I don’t see any problem to further enhance the concept in service sector like banking and insurance.

Last Update 16/04/08

3 comments:

Lean Six Sigma News Update said...

Lean can apply to every activity in the humankind. Our mindset is blocking us from eliminating waste.

Our consultants have transformed a MNC sales center with lean concept.

Katti said...

You can absolutely apply Lean Six Sigma to Finance - any service industry for that matter. I work in media, and actually got some really great free advice from an expert online just to help find a project and how to get started, basic stuff and it really helped me get noticed by my boss. take a look: http://www.liveperson.com/lean-six-sigma-resource

Calvin.K said...

Agree. Lean system can apply on everyway since it is about reduce wastage.