Hospital Lean Six Sigma Drive Savings

Massachusetts hospitals struggle with high costs and use Lean Six Sigma to streamline operations. Even with efficiency savings, the workforce is affected. ...

... "Southcoast has been attentive to the management of costs, effectively flexing our expenses as volumes and our average daily census decreased. We also introduced new tools, such as Lean and Six Sigma, that helped us save several million dollars this year. " ...

Via SouthCoastToday: Hospital restructuring

Watts Water Tech Lean Six Sigma

Watts Water Technologies deploys Lean Six Sigma for process improvement and operational efficiency, across a consolidating manufacturing footprint. ...

... "We are committed to reducing our manufacturing and operating costs through a combination of manufacturing in lower-cost countries, using Lean Six Sigma to drive continuous improvement across all key processes, and consolidating our diverse manufacturing operations in North America, Europe and China. We have acquired a number of manufacturing facilities in lower-cost regions such as China, Bulgaria and Tunisia. In 2007, we announced a global restructuring plan to reduce our manufacturing footprint in order to reduce our costs and to realize additional operating efficiencies. In February 2009, we announced an additional plan to consolidate manufacturing in North America and China." ...

Via Watts Water Technologies: 2008 Annual Report (PDF)

Toyota Growth Over Quality

Toyota is shaking up its leadership ranks as it prepares to retool the company during the challenges of this business cycle. ...

... "But he said the company, famous for caution and self-reflection, strayed when growth, not quality, became its main concern. " ...

Via New York Times: Toyota Restructures

Cost Reduction Program Yields Results

Standard Register implements cost reduction program to compete effectively in its industry. ...

... "Earlier this year, the Company consolidated its manufacturing and warehousing operations in a move expected to save approximately $5 million annually. Today's action eliminated approximately 250 positions, primarily in management and overhead, representing $22 million annually in compensation and related costs. Other new initiatives that target purchasing costs and other non-compensation expenditures are expected to lower costs by an additional $13 million annually. These actions, including the earlier restructuring, are expected to reduce second half 2007 costs by $15 million versus the levels incurred in the first six months of the year. The remaining balance of the $40 million in annual savings is expected next year. Separation costs associated with today's restructuring are estimated at $3.5 million, which will be recorded in the third quarter. " ...

Via Standard Register: Cost Reduction