The theme for 5th Annual CII’s summit this year was “Driving Breakthrough Business Results” to showcase how organizations are achieving business goals and making breakthrough results happen through Lean Six Sigma.
Mumbai, Maharastra, India., April 2, 2014 - (PressReleasePoint) -
Confederation of Indian Industry (CII) along with Breakthrough Management Group International (India) as the Knowledge Partner organized the 5th edition of the Lean Six Sigma Summit in March 2014 at The Taj Mahal Hotel, New Delhi. The theme for the summit this year was “Driving Breakthrough Business Results” to showcase how organizations are achieving business goals and making breakthrough results happen through Lean Six Sigma.
Inaugurating the Summit, Mr Prateek Garg, Chairman, CII Western UP Council & Managing Director & CEO Progressive Infotech, talked about the Lean Six Sigma Summit becoming a forum to learn strategies, methodologies and perspectives for increasing competitiveness and creating opportunities that can contribute significantly to businesses. He observed that the Summit has been a success accelerating sustainable business advantage ie meeting the needs of the present without compromising future needs. He elaborated on how organisations accelerating on Operational Excellence extensively and continuously explore new methods and techniques for driving visible change in businesses. Lastly, he talked about how Lean Six Sigma provides a strategic edge in the market place by getting organizations to think systematically and holistically in identifying the highest value solutions and planning for future change.
Mr Naresh Raisinghani, CEO & Executive Director, BMGI shared how organizations can make transformation happen. Sharing his quarter of a century analysis of various companies that underwent change, he talked about three best practices that have enabled businesses to deliver breakthrough results.
The first one is to take up critical projects that are directly linked to corporate goals and help their achievement. The second best practice pertained to the role of the Leadership Team in the Operational Excellence journey. According to Mr Raisinghani, the Leadership Team has to be at the forefront and actively involved in selecting projects aligned with business, assigning the right people, and finally conducting project and program reviews. His third best practice pertained to “Embedding Transformation into Practitioners and not vice versa”. Although it is critical to have a Team of Improvement Practitioners, what is more critical is to have the larger organization believe and actively participate in the Excellence journey. Only then can a Culture of Excellence be created within the organization.
Mr I V Rao, Director, Maruti Automotive Centre of Excellence (MACE), shared how Lean Six Sigma has emerged as the most successful Operational Excellence methodology globally. He iterated that Lean Six Sigma provides tangible gains in compared to other methodologies that provide visionary roadmaps and concepts, but do not match up in terms of results.
Considering that the manufacturing sector in India is now beginning to matter at the global stage in the midst of changing global realities, Operational Excellence will be a key factor in providing an edge to this sector in the face of global competition. As a case in point, he shared that MACE was formed by Maruti & its key component manufacturers with an effort to take its Supply Chain to a much higher level of performance.
The inaugural address was given by Mr Ajay Shankar, Member Secretary - National ManufacturingCompetitiveness Council, Govt of India. He talked about the need for a transformation in manufacturing, which was an imperative and something was well within the country’s grasp. He highlighted the need for Excellence in manufacturing in order to drive inclusive growth. Mr Shankar cited examples of China, Japan and Korea as examples where their focus on Excellence has enabled the country’s transformation and their arrival at a global stage. Referring to a study that was aimed at understanding the perception of global CEO’s on different countries with respect to their competitiveness in manufacturing, he shared that India was ranked in the fourth position and was expected to reach the second spot in 5 years (even ahead of Japan and Korea). Manufacturing Excellence would have a key role to play in India making the climb.
The last session at the Summit was an interactive thematic discussion amongst the participants.
Breakthrough Management Group International (BMGI), a global consulting firm with a strong focus on delivering results, partners with organizations in various stages of their business life cycle to transform their business performance. BMGI enables businesses drive growth and improve profitability. Headquartered in the US, BMGI has developed a loyal clientele that today exceeds 200 active clients. BMGI has delivered cumulative benefits to its clients worth several billion dollars with an ROI of 5:1 to 20:1.
In India, BMGI is located in Mumbai. BMGI clients are leading Fortune 1000 Global companies and leading Indian companies from diverse industries such as financial services, IT/ITES, airlines, chemicals, FMCG, discrete manufacturing, telecommunications, petrochemical, textiles, biotechnology, healthcare & energy. Few of the major BMGI global clients are Hitachi, Siemens, Philips, Unilever and DeBeers, Indian clients include Vodafone, ICICI Bank, Asian Paints, Reliance Industries & Cognizant.
BMGI is known to be one of the most effective thought leaders in the Business / Management Consulting space and has gained world-wide attention through its several international bestselling books such as The Innovators Toolkit, Design for Lean Six Sigma, A Team Leader’s Guide to Lean Kaizen Events and many more.