2018 | Quarter 2
Malakoff Produces First Batch of Lean
Six Sigma Graduates
Malakoff Corporation Berhad (Malakoff), a Member of MMC Group successfully organised a graduation ceremony for its ‘Green Belt’ graduates of Lean Six Sigma (LSS) at Malakoff Academy of Excellence. The graduation ceremony was held in conjunction with Corporate Affairs and Stakeholder Management Division Open Day.
Lean Six Sigma or LSS is a powerful process improvement methodology that combines the tools of two quality management concepts, namely “Lean” and “Six Sigma”. 23 green belters were recognised for successfully completing their training in 2017.
Dato’ Ahmad Fuaad Kenali, Chief Executive Officer of Malakoff, congratulated the graduates on their achievements. He added, “Through the implementation of LSS, a company would be able to recognise key areas of improvement and reduce the variations in those areas to improve quality and speed.”
The Malakoff Lean Six Sigma was launched on 25 May 2017 with the view to achieve continuous operational improvements and cost reduction. It was envisioned that with LSS, waste will be removed from business processes and at the same time solve problems caused by a process, subsequently creating savings for the Company.
From 2017 to 2019, Malakoff aims to train 468 of its employees in various belt categories. This year, it is expected that Malakoff will produce 60 Yellow Belts, 90 Green Belts and 15 Black Belts. By 2019, it is expected that a total of 270 Yellow Belts, 153 Green Belts, 25 Black Belts and 10 Master Black Belts will be certified.
At present, Malakoff has 25 concurrent Black Belt and Green Belt projects that are in various stages of development. These projects are expected to yield varying cost savings for the company over a long period of time.