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Lean Six Sigma Explanation

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Can someone explain to me in some form of detail exactly, what is Lean Six Sigma?
What is its concept and premise? Basically, anything to help with my understanding. We are going to talk about this subject and I want to be able to share in the conversation.

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The solution defines what is Lean Six Sigma.

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The basic concept or premises behind lean six sigma is to identify and eliminate source of waste and activities that do not add value, in order to create flow with maximum productivity, capacity and throughput. In other words, inefficient processes and activities are being eliminated in order to achieve maximum possible productivity.

Basically, lean and Six sigma are two methodologies which, when combined together, become complimentary to each other. Lean is a methodology that is used to accelerate the velocity and reduce the cost of any process (be it service or manufacturing) by ...

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