000			nam a22 7a 4500
999			_c48460 _d48460
003			OSt
005			20171017184522.0
008			171017b xxu||||| |||| 00| 0 eng d
100			_aCheng, Jung-Lang _928008
245			_aImproving Inventory Performance Through Lean Six Sigma Approaches
300			_a28-39 P.
520			_aLean Six Sigma (LSS) aims to assist enterprises in improving the production process, quality, efficiency and effective status, and is regarded as the latest trend in Six Sigma. The purpose of the paper is to build the LSS framework and show how to use LSS to reduce the stock cost. To achieve the research objectives, the paper reviewed the literature on LSS. By integrating Six Sigma DMAIC implementation with the lean concept, the three inventory models (basic fixed-order-quantity model, Economic Order Quantity (EOQ) model and two-bin approach) are compared with regard to reducing stock cost in a case study of Taiwanese enterprises which were able to develop and judge the LSS that best allocates organizational resources to solve this critical business problem. The EOQ model has better inventory management and is thus able to reduce the stock cost better. The organization may depend on off season and busy season demand to judge what EOQ quantity to purchase, and this EOQ model can effectively control the stock cost and meet the improvement goals of LSS. The value of the paper lies in its observation of the improvement steps following LSS implementation. It is also found that as a strategy-oriented initiative of LSS, Six Sigma activities must be adapted and modified to fit the lean management environment.
653			_aInventory management;
653			_aLean manufacturing;
653			_aSix Sigma;
773	0		_030422 _966983 _aMURTHY, E N _dIUP PUBLICATION HYDERABAD _o5557765 _tOPERATION MANAGEMENT
942			_2ddc _cJA-ARTICLE