Six Sigma and Lean Explained

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Within the world of modern business, and especially in the situations where products, tangible and intangible are provided to a customer, the ability to provide products of the highest quality, free of defects, in a way
 that allows the producer to generate a sufficient return on investment is essential, as it has been for as long as the concept of exchanging something of value for something else of value has existed. As technology and business intelligence has improved, there have emerged processes for the improvement of both products and the processes used to create them; chief among these are the concepts of Six Sigma and Lean. This paper will describe both of these concepts and explain how they are used as effective process, profitability, and product improvement tools. Upon conclusion of the paper, the reader will have a much better understanding of these concepts and their real world applications.

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