Visit JoinBain to learn about a rewarding career at Bain.
We are pragmatic in our use of Lean Six Sigma. We use only the tools that make the most sense for each situation. Bain has developed an up-front diagnostic X-ray that enables companies to identify and focus on only the process changes that will quickly make the biggest differences, ensuring faster results with smaller initial investment.
Originally developed to improve manufacturing efficiency and quality, Lean Six Sigma is now being widely adopted by financial institutions, retailers, hospitals and other corners of the services industry. Lean Six Sigma is a blend of two concepts: lean manufacturing, which is aimed at reducing waste, and Six Sigma, which helps companies reduce errors. Together they can help companies reap the benefits of faster processes with lower cost and higher quality. From our research and experience with clients, we've learned that despite its growing popularity and impressive results at some companies, Lean Six Sigma often fails to deliver expected results. Bain’s management survey of 183 companies found that 80 percent are not achieving their expected value from Lean Six Sigma efforts, and 74 percent have failed to achieve their savings targets.
Bain’s approach begins with understanding the company's value stream, and then moves rapidly to mapping out processes and costs. Next, we define a view of "full potential" through such measures as bottleneck analysis and internal and external benchmarking. Finally, we target areas for improvement, unleashing the trained teams.
Our experience across industries and geographies allows us to perform diagnostics quickly that help companies achieve sustainable improvements. Using the diagnostic X-ray to focus on areas with the most potential for generating results, our clients avoid the extra cost and time of training and deploying more teams than absolutely required. We partner with the right suite of third-party companies to deliver the right tools and solutions that best meet our clients' needs.
Lean Six Sigma principles increased the capacity of our client’s manufacturing facilities and yielded 15 percent cost savings, affording the company the flexibility to pursue innovations that improved its competitiveness.
Lean Six Sigma principles improved our commercial bank client’s ability to delegate to the front line, reduce processing time and increase accuracy.
Devised for manufacturing, Six Sigma can also improve service organizations.
Many Six Sigma efforts fail to deliver as expected. There's a tool that can help.
Facing a faltering economy, many financial services companies are turning to Lean Six Sigma for...
Six Sigma works best if companies use a diagnostic X-ray to find where it's needed.
We work as an integrated part of your team, from frontline to C-suite, to deliver true results and make the changes stick.
Chicago
Paris
Mumbai
To discuss how our team can help your business achieve true results, please
From day one, we focus on predicting, measuring and managing risk associated with change
