Sustaining Indian pharmaceutical SMEs as global players: an empirical study on role of Lean-Kaizen tools

Thirumani Muniswami Iyer Venkatesan and Goutam Kumar Kundu

International Journal of Business and Globalisation, 2022, vol. 31, issue 3, 340-367

Abstract: Lean-Kaizen tools are among the popular industrial engineering concepts that guide managers and technicians to proactively improve an organisation's sustainable competitive advantage in the fast growing pharmaceutical industry .The purpose of this paper is to highlight outcomes of empirical studies. The design of this research paper is case study research. For collecting data on process improvements by conducting empirical studies in SME sector, three pharmaceutical units which deployed/implemented lean tools were chosen. The findings of this study revealed that the value stream mapping (VSM) a lean tool contributed effective improvement in productivity and lead time reduction in one study. SMED tool has improved productivity by reduction in change over time. Similarly, Kaizen ideas have lead to savings in rework and reduction. This paper addresses the link between the theory and practice complimented with outcomes.

Keywords: Lean-Kaizen tools; Indian; SMEs; pharmaceutical; empirical study; sustaining; global. (search for similar items in EconPapers)
Date: 2022
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