ILMA Compoundings August 2017 - 29

could put companies in the red, as the profit potential of these
systems will go unrealized, even though they are paid for.
If a manager cuts his or her team loose to do something
"as quickly as possible," the manufacturing document
system will be able to significantly reduce the amount of
time needed to complete document intake, document
turnaround and, more specifically, document approval and
routing. The amount of paperwork in the manufacturing
industry should be digitized and automated at the level of
process to ensure reduction in operating expenses, especially for younger companies.
Given that these systems automate nearly everything you
would do with a normal piece of paper, they are valuable
assets for upholding Parkinson's Law.

SIMPLIFYING SIX SIGMA PRINCIPLES
Most manufacturers know that the "Six Sigma" principle is
a methodological framework for identifying and nixing the
roots of defective processes.
Developed by Motorola in the 1980s, the theory failed to
catch fire in the application of business processes until the

1990s, when business magnate and then-General Electric
CEO Jack Welch applied the theory to solve many of the
problems in GE's industrial processes.
From that point forward, Six Sigma became an integral
component of most manufacturing companies' project
management frameworks. However, the Six Sigma principle, as helpful as it can be, is often forgotten outside of
supply chain processes, and document-related processes are
frequently neglected in Six Sigma gap analyses.

29


http://www.vanderbiltchemicals.com

Table of Contents for the Digital Edition of ILMA Compoundings August 2017

Letter From the President
Letter From the CEO
Inside ILMA
What's Coming Up
In the Know
Industry Rundown
Market Report
Bridging the Gap from ILSAC GF-5 to GF-6
Who's Next
It's About the Process
Business Hub
Counsel Compound
Washington Landscape
Member Connections
Cross Connections
Portrait
ILMA Compoundings August 2017 - Cover1
ILMA Compoundings August 2017 - Cover2
ILMA Compoundings August 2017 - 1
ILMA Compoundings August 2017 - 2
ILMA Compoundings August 2017 - Letter From the President
ILMA Compoundings August 2017 - 4
ILMA Compoundings August 2017 - Letter From the CEO
ILMA Compoundings August 2017 - Inside ILMA
ILMA Compoundings August 2017 - 7
ILMA Compoundings August 2017 - What's Coming Up
ILMA Compoundings August 2017 - 9
ILMA Compoundings August 2017 - Industry Rundown
ILMA Compoundings August 2017 - 11
ILMA Compoundings August 2017 - Market Report
ILMA Compoundings August 2017 - 13
ILMA Compoundings August 2017 - 14
ILMA Compoundings August 2017 - 15
ILMA Compoundings August 2017 - Bridging the Gap from ILSAC GF-5 to GF-6
ILMA Compoundings August 2017 - 17
ILMA Compoundings August 2017 - 18
ILMA Compoundings August 2017 - 19
ILMA Compoundings August 2017 - 20
ILMA Compoundings August 2017 - 21
ILMA Compoundings August 2017 - Who's Next
ILMA Compoundings August 2017 - 23
ILMA Compoundings August 2017 - 24
ILMA Compoundings August 2017 - 25
ILMA Compoundings August 2017 - 26
ILMA Compoundings August 2017 - 27
ILMA Compoundings August 2017 - It's About the Process
ILMA Compoundings August 2017 - 29
ILMA Compoundings August 2017 - 30
ILMA Compoundings August 2017 - 31
ILMA Compoundings August 2017 - Business Hub
ILMA Compoundings August 2017 - 33
ILMA Compoundings August 2017 - Counsel Compound
ILMA Compoundings August 2017 - 35
ILMA Compoundings August 2017 - Member Connections
ILMA Compoundings August 2017 - 37
ILMA Compoundings August 2017 - Cross Connections
ILMA Compoundings August 2017 - 39
ILMA Compoundings August 2017 - Portrait
ILMA Compoundings August 2017 - Cover3
ILMA Compoundings August 2017 - Cover4
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