Lean manufacturing implementation and performance: the role of economic volatility in an emerging economy
| Autor: | Debaleena Chatterjee, Pranab K. Dan, Indranil Ghosh, Protik Basu |
|---|---|
| Rok vydání: | 2020 |
| Předmět: |
0209 industrial biotechnology
Computer science Strategy and Management 05 social sciences 02 engineering and technology Lean manufacturing Industrial and Manufacturing Engineering Computer Science Applications 020901 industrial engineering & automation Control and Systems Engineering 0502 economics and business Volatility (finance) Lean implementation Emerging markets 050203 business & management Software Industrial organization |
| Zdroj: | Journal of Manufacturing Technology Management. 32:1188-1223 |
| ISSN: | 1741-038X |
| DOI: | 10.1108/jmtm-12-2019-0455 |
| Popis: | PurposeThe purpose of this study is to explore the mediation effect of volatile economic conditions on performance benefits of successful kean manufacturing implementation (LMI). The mediating factor of economic volatility (EV) is constructed based on four macroeconomic dimensions – supplier uncertainty, market demand fluctuations, governmental policy changes and peer competition.Design/methodology/approachAn attempt is made to build an exhaustive list of the internal operational manifests grouped into one human and three technical input factors. Similarly the benefits accrued are collated under two performance measures – customer satisfaction (CS) and organizational goal satisfaction (OGS). Based on data from the Indian manufacturing sector, structural equation modelling (SEM) and ordinary least square (OLS) analyses are carried out to validate the proposed model.FindingsResults of the structural model validate the first six hypotheses posited in the model. Results of OLS further reveal the mediation effect of EV having negative impact on LMI–CS and LMI–OGS nexus.Practical implicationsThis research offers a fair understanding of the internal operational lean factors and the effect of volatile macroeconomic conditions on lean benefits. The structural model will aid the academicians and lean implementers comprehend the dimensional structure underlying the lean practices and beliefs. This work further helps to understand the moderation effect of environmental complexity on the output measures of LMI in the Indian manufacturing sector.Originality/valueThis work is one of the very first empirical analyses of lean performance under contingent economic conditions. The paper presents a valuable recommendation to practitioners for considering the dynamism of external economic environment instead of simply adopting standalone internal lean parameters, if satisfactory levels of performance in terms of CS and OGS are to be achieved. |
| Databáze: | OpenAIRE |
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