Lean application outside of the manufacturing sector is frequently met with scepticism. Oft cited reasons are that service providers do not ‘manufacture’ anything and that there is no ‘production line’ to speak of physically. All that is seen are desks, chairs, phones and computers. Continue reading →
Posts Tagged ‘banking’
Banking – A Productivity Gold Mine
When I joined General Electric Capital fifteen years ago, I asked them why they would hire an engineer with no banking knowledge. The answer was quite surprising: “We have enough people who understand banking. Unfortunately, we do not have those with a process mindset.”
Assuming, the world of banking must have changed since then might be a mistake. Here is a snapshot of just some months of recent banking experience. Continue reading →
Six Sigma in Financial Services
Background
OurBank is an American international bank with 50 branches in Germany and approximately 300 employees working either in the headquarter office or in one of the branches.
In 2003, the senior management of OurBank decided to adopt and implement Six Sigma as their business management tool across all business units in the Europe region.
According to the OurBank business strategy, the car loan business was identified as one of the business priorities in the next 12 months. The strategy was to significantly grow the car loan business market share within the region in two years time, by 100% in the first year, and by another 70% in the second year.
Continue reading →
Banking – A Productivity Gold Mine
When I joined General Electric Capital fifteen years ago, I asked them why they would hire an engineer with no banking knowledge. The answer was quite surprising: “We have enough people who understand banking. Unfortunately, we do not have those with a process mindset.”
Assuming, the world of banking must have changed since then might be a mistake. Here is a snapshot of just some months of recent banking experience. Continue reading →
Six Sigma in Financial Services
Background
OurBank is an American international bank with 50 branches in Germany and approximately 300 employees working either in the headquarter office or in one of the branches.
In 2003, the senior management of OurBank decided to adopt and implement Six Sigma as their business management tool across all business units in the Europe region.
According to the OurBank business strategy, the car loan business was identified as one of the business priorities in the next 12 months. The strategy was to significantly grow the car loan business market share within the region in two years time, by 100% in the first year, and by another 70% in the second year.
Continue reading →
