Many companies have tried and failed to mimic the success of Toyota. They assume that they can just deploy lean tools and they too will be rewarded in the same ways that the Japanese auto giant has. It rarely works out that way.
In this post-COVID-19 world, organizations must redefine their goals, strategies, organizational structures and business processes in order to stay alive. From footprint and layout to social distancing process flow optimization, businesses must re-evaluate their current processes and adapt if they want to survive the effects of this pandemic.
At the very crux of the lean sigma strategy is to be able to cope with crises, both small and large. COVID-19 is certainly a large crisis where many businesses are learning as they go. But if you have a Lean Six Sigma Process under your belt, you will find you can weather any storm.
In times of black swan events like COVID-19, it’s vital to gain a clear understanding of risk so your organization is better positioned to establish the right plan in the face of uncertainty. Supply chain consulting can help, as the focus of your business is likely on how to protect your employees, understand the risks to your business, and manage supply chain disruptions.
Amid the economic turmoil that has been brought about by the coronavirus pandemic, going concern is a big topic for companies, particularly as it relates to audits and accounting. Your company needs to evaluate whether the downturn of the economy from this pandemic has impacted its ability to continue as a going concern.
As states take dramatic steps to reopen their economies, businesses are reflecting on how a “return to their workplace” will be forever changed. Many never considered the high level of safety, visual management and visual controls that are now a fundamental requirement prior to reopening.