Louisiana-Pacific Corporation Good Q2 2009 Earnings Is Due To Lean Six Sigma
Posted by: meikah | 6 August 2009 | 8:17 pm
Over at Seeking Alpha, executives of Louisiana-Pacific Corporation are talking about how the company is weathering the financial crisis and posting good second quarter results.
They attribute their good performance to Lean Six Sigma.
According to Rick Frost, the CEO:
Our sales force racked up 780 wins in Q2, a win as you remember, is defined by us a product placement with a new customer or an additional product placement with an existing customer. And our sense of this, when activity eventually does pick up, it will board well for us in both volume and revenue.
Quite obviously, we are, what I would call, top line revenue challenged with new starts being down 46% year-over-year. So besides our efforts on sales wins, our measurable efforts are felt most on the cost reduction side. Our lean six sigma efforts continue to payoff for us on a morale and involvement standpoint, but also from a financial one.
At mid-year, we are at over 6:1 return level from lean six sigma, well above our internal goal of 3:1, and we are on track for our $15 million to $20 million improvement range. Many of these efforts were focused on the lean aspects of the discipline as our team set about reducing inventories across all aspects of the business, while still meeting our customer needs. Cost-out products made up the rest of these efforts many supporting LP’s Power Forward initiative.
Filed under: Lean Six Sigma, Six Sigma, Six Sigma Organizations
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Innovation of the Week: Whirlpool’s New Ideas Through the Wringer
Posted by: meikah | 6 August 2009 | 6:49 pm
Business Week reports:
Whirlpool is coming out with the product called Affresh, a hockey puck-shaped tablet that consumers can toss into front-loading washers for a cleaning cycle.
In less than two years, Affresh, which works with any brand of appliance, has grown into a line of four products that Whirlpool expects to be an $80 million to 100 million business by 2015. Taking Affresh as a guide, here’s a look at how the Benton Harbor (Mich.) appliance maker evaluates new ideas.
Affresh came out of regular consumer research a few years ago: Water and chemical residues caught in the seal of the door of front-load washing machines, customers told Whirlpool researchers, were causing odor problems. (Not all of Whirlpool’s concepts emerge from customer research; Gladiator GarageWorks—a line of storage containers and appliances for garages and workshops—was conceived in a sales and marketing brainstorm about how Whirlpool might develop products for rooms beyond the kitchen and laundry room.)
Filed under: Innovation, Innovation Update, Whirlpool
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Wordless Wednesday
Posted by: meikah | 5 August 2009 | 3:52 am
Filed under: Wordless Wednesday
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Six Sigma in General Cable Powers
Posted by: meikah | 4 August 2009 | 8:41 pm
General Cable Powers, leader in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products for the energy, industrial, specialty and communications markets, is the new Fortune 500 company.
With $6.2 billion in annual revenues in 2008 – up 35 percent from 2007 – General Cable is the state’s fifth largest company in Kentucky. Two primary reasons for the company’s evolution are the adoption of a super-efficient management strategy and a broadening into a global company.
According to General Cable Chief Executive Officer Greg Kenny, “Our big decision was to get very good at a large business, and to have a philosophy of continuous improvement with our lean process and using Six Sigma as a tool to measure our improvement.”Â
Filed under: General Cable Powers, Lean, Lean Six Sigma, Manufacturing, Six Sigma, Six Sigma Organizations
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ICICI Pru Life, First Runner Up in the Best Defect Elimination in Service & Transaction Category
Posted by: meikah | 4 August 2009 | 7:42 pm
Equity Bulls reports:
ICICI Pru Life bagged the first runner up in the Best Defect Elimination in Service & Transaction Category in the recently concluded 10th Asian Six Sigma Excellence Award 2009 in Singapore.
The Best Defect Elimination in Service & Transaction category in Six Sigma Excellence Award recognizes companies with strong Six Sigma practices, operational excellence, greater customer efficiency amongst other critical aspects. The submissions for the Excellence Awards were evaluated on a varied range of qualifications by some of the Six Sigma most experienced practitioners. This year the award witnessed 48 highly competitive companies participate across Asia, representing industries such as Insurance, Banking, Computer Peripherals and Public Enterprises.
Filed under: Six Sigma, Six Sigma Awards, Six Sigma Organizations
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Lean Six Sigma Miracle
Posted by: meikah | 2 August 2009 | 8:53 pm
