Evaluating the critical success factors for lean implementation in SMEs in Northern India using VIKOR approach

Saini, Sachin; Singh, Davinder

doi:10.1504/ijbex.2023.128261

Cited by 1 publication

(1 citation statement)

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“…Value Stream Mapping and Six Sigma are some of the important tools of Lean for SMEs and couple with Industry 4.0 can lead to Lean 4.0 [17,27,37]. The latest published papers promote the Industry 4.0 concept and its integration with lean practices [11,22,23,26,35]. The environment awareness and its preservation promotes waste reduction in SMEs and elimination of harmful waste.…”

Section: Resultsmentioning

confidence: 99%

Some Recent Stories of Operational Excellence in SMES

Kumar,

Saini

2023

IJRASET

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Operational Excellence is a term associated with excellence in all stages of business for any business organization which may be manufacturing or a trading. Operational excellence deals with the achievement of improved productivity, profitability and reduced wastage. The present paper is an analysis of the relevant papers and the practices which may be considered for adoption by the small scale and medium scale organizations for the achievement of excellence in their operations. In less advanced countries like India the SME’s play a major role in uplifting the economy. The SME’s are facing tough competition and survival is a very big challenge in the current scenario around the globe. So, In this study an attempt was made to review some recent stories ranging from 2011 to 2023 for Lean practices and environment friendly practices leading to Green implementation, collectively achieving operational excellence. The research gaps have been studied and the focus is on identification of the best Operational practices coupled with suitable environment friendly practices for the productivity improvement, quality management and improved financial structure. The present paper is a novel approach for the evaluation of the green and lean management principles combined with Industry 4.0 for the operational excellence of the manufacturing sector.

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