The Lean Six Sigma Business Case | Your New Laboratory Production System

C-Suite Business Case

Return on Investment (ROI)

 

Compelling Business Case for a Typical Laboratory (Variable by Laboratory)

Characteristics

Low End Results

High End Results

Savings

$200,000

$1,000,000

Quality Improvements

30% Reduction in TAT

80% Reduction in TAT

Space Optimization

20% Increase in Available Floor Space

40% Increase in Available Floor Space

Waste Reductions:

Low End Results

High End Results

Motion

20% Reduction in Steps

50% Reduction in Steps

Overproduction Bottlenecks

Smaller Batches

Single-Piece Specimen Flow

Excess Set-up Processes

Minimize

Eliminate by Switching Them to a Different Shift

Excess Inventory

20% Reduction

50% Reduction

Specimens in Process (SIP) Delays

50% Reduction

90% Reduction

Defects

Four Sigma performance or less

Five Sigma performance or greater

Waiting

20% Reduction

60% Reduction