What are the Benefits of implementing Lean Six Sigma in Organisations?

• Improvement in Process: One of the primary reasons companies lose out on doing profitable business is ‘Poor Strategies’. Poor strategies often lead to bleeding out more money, delay in work and inefficiency. But opting for DMAIC – the problem-solving approach that drives Lean Six Sigma helps improve the processes. According to asq.org, DMAIC is a five-phased method – Define, Measure, Analyse, Improve and Control. These five factors help streamline the procedures to allow the business to provide services/products faster, reduce variations, improve the quality of work, and enable efficiency. 
• Increase in Revenue: Streamlining processes and enabling systems to operate at a higher rate increases revenue. Lean Six Sigma eliminates many processes that unnecessarily consume time and money. Reducing the time taken to serve the end customer, better asset allocation and utilisation, and improving the processes’ overall efficiency helps the organisation churn out more revenue and efficiency. 
• Increase in Efficiency: When the systems and processes are improved, it automatically increases efficiency in the company. The quality of work and services gets better, and unwanted steps and resources are eliminated that helps lower costs. It also helps in making better utilisation of the workforce. When combined, all this results in increased profitability.
• Lowers Costs: Integration of Lean Six Sigma into business processes enables cost reduction by eliminating the weak and unwanted steps and procedures that bloat your costs within the system. 
• Reduced Time to Deliver Services/Product to End Customer: When unnecessary processes are eliminated, it also increases the speed of delivering the end product/service to the customers. It helps increase profitability as the end customer is satisfied with the speedy service and opens opportunities to conduct more projects.