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Article
Publication date: 13 May 2024

Anand S. Patel and Kaushik M. Patel

India liberalized its economy in 1991, which resulted in intense global competition, quality-conscious and demanding customers. Additionally, significant technological…

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Abstract

Purpose

India liberalized its economy in 1991, which resulted in intense global competition, quality-conscious and demanding customers. Additionally, significant technological advancements lead to enhancements in products and processes. These forced Indian organizations to adopt innovative business strategies in the past 30 years. Meanwhile, the Lean Six Sigma methodology has significantly grown with vast applicability during the past 30 years. Thus, the purpose of this study is to develop the learning on Lean Six Sigma methodology in the Indian context through investigation of literature.

Design/methodology/approach

A three-stage systematic literature review approach was adopted to investigate the literature during the present study. In total, 187 articles published in 62 journals/conference proceedings from 2005 to 2022 (18 years) were shortlisted. The first part of the article summarizes the significant milestones towards the quality journey in the Indian context, along with the evolution of the Lean Six Sigma methodology. The second part examines the shortlisted papers on Lean Six Sigma frameworks, their applicability in industrial sectors, performance metrics, outcomes realized, publication trends, authorship patterns and leading researchers from the Indian perspective.

Findings

Lean Six Sigma has emerged as a highly acclaimed and structured business improvement strategy worldwide. The Indian economy has seen remarkable growth in the past decade and is one of the fastest-growing economies in the 21st century. Lean Six Sigma implementation in India has significantly increased from 2014 onward. The study revealed that researchers have proposed several different frameworks for Lean Six Sigma implementation, the majority of which are conceptual. Furthermore, the balanced applicability of Lean Six Sigma in manufacturing and service sectors was observed with the highest implementation in the health-care sector. Additionally, the widely adopted tools, techniques along with performance metrics exploring case studies were reported along with a summary of eminent and leading researchers in the Indian context.

Research limitations/implications

This study is confined to reviewed papers as per the research criteria with a significant focus on the Indian context and might have missed some papers due to the adopted papers selection strategy.

Originality/value

The present study is one of the initial attempts to investigate the literature published on Lean Six Sigma in the Indian context, including perspective on the Indian quality movement. Therefore, the present study will provide an understanding of Lean Six Sigma methodology in the Indian context to graduating students in engineering and management and entry-level executives. The analysis and findings on Lean Six Sigma frameworks, research approach, publications details, etc., will be helpful to potential research scholars and academia. Additionally, analysis of case studies on Lean Six Sigma implementation by Indian industries will assist the managers and professionals in decision making.

Details

International Journal of Lean Six Sigma, vol. 15 no. 7
Type: Research Article
ISSN: 2040-4166

Keywords

Article
Publication date: 27 June 2023

Sandeep Kumar, Vikas Swarnakar, Rakesh Kumar Phanden, Dinesh Khanduja and Ayon Chakraborty

The purpose of this study is to present the systematic literature review (SLR) on Lean Six Sigma (LSS) by exploring the state of the art on growth of literature on LSS within the…

Abstract

Purpose

The purpose of this study is to present the systematic literature review (SLR) on Lean Six Sigma (LSS) by exploring the state of the art on growth of literature on LSS within the manufacturing sector, critical factors to implement LSS, the role of LSS in the manufacturing sector from an implementation and sustainability viewpoint and Industry 4.0 viewpoints while highlighting the research gaps.

Design/methodology/approach

An SLR of 2,876 published articles extracted from Scopus, WoS, Emerald Insight, IEEE Xplore, Taylor & Francis, Springer and Inderscience databases was carried out following the protocol of systematic review. In total, 154 articles published in different journals over the past 10 years were selected for quantitative and qualitative analysis which revealed a number of research gaps.

Findings

The findings of the SLR revealed the growth of literature on LSS within the manufacturing sector. The review also highlighted the most cited critical success factors, critical failure factors, performance indicators and associated tools and techniques applied during LSS implementation. The review also focused on studies related to LSS and sustainability viewpoint and LSS and Industry 4.0 viewpoints.

Practical implications

The findings of this SLR can help senior managers, practitioners and researchers to understand the current developments and future requirements to adopt LSS in manufacturing sectors from sustainability and Industry 4.0 viewpoints.

Originality/value

Academic publications in the context of the role of LSS in various research streams are sparse, and to the best of the authors’ knowledge, this paper is one of the first SLRs which explore current developments and future requirements to implement LSS from sustainability and Industry 4.0 perspective.

Details

The TQM Journal, vol. 36 no. 7
Type: Research Article
ISSN: 1754-2731

Keywords

Article
Publication date: 1 October 2024

Na Li, Peter Hines and Chunlin Xin

This paper aims to investigate how implementing lean six sigma and Industry 4.0 (LSSI4.0) can influence a company’s financial performance and discusses the current trend involving…

Abstract

Purpose

This paper aims to investigate how implementing lean six sigma and Industry 4.0 (LSSI4.0) can influence a company’s financial performance and discusses the current trend involving LSSI4.0 in China.

Design/methodology/approach

For statistical analysis, financial data was sourced from the China Stock Market and Accounting Research database. Keywords used to assess the implementation status of LSSI4.0 were extracted from the 2007 to 2020 annual reports of A-share manufacturing companies. Regression analysis was applied to the quantitative analyses of 5,041 observational data points from 945A-share manufacturing companies in China.

Findings

LSSI4.0 implementation in the manufacturing industry boosts the firms’ financial performance. However, the former outperforms the latter in terms of long-term advantages. Meanwhile, incorporating lean six sigma (LSS) into Industry 4.0 (I4.0) can lead to long-term improved financial performance compared to solely implementing the I4.0.

Research limitations/implications

The findings possess limited international representativeness because all empirical data were derived from Chinese large manufacturing companies. In addition to return on assets and return on equity, financial performance can also be measured using other financial metrics, such as return on investment. In this study, only listed manufacturing companies were considered as research samples.

Practical implications

Top management must acknowledge the positive impact of LSSI4.0 on financial performance and prioritize implementing I4.0 based on LSS implementation.

Originality/value

Empirical results concerning the effectiveness of LSS implementation in enhancing financial performance are inconclusive, particularly in China. In addition, most studies collected data through surveys and interviews, so the representativeness of their outcomes is limited. Overall, this study evaluated the impact of LSSI4.0 implementation with large sample size.

Details

International Journal of Lean Six Sigma, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2040-4166

Keywords

Article
Publication date: 31 May 2024

Le Thanh Ha

This study aims to investigate connections between the development of robotic and artificial intelligence (AI) and green crypto investments. The author also explores the…

Abstract

Purpose

This study aims to investigate connections between the development of robotic and artificial intelligence (AI) and green crypto investments. The author also explores the influences of global uncertainty shocks like the COVID-19 pandemic and international conflicts on the role of each channel.

Design/methodology/approach

In this research, the author uses a cutting-edge model-free connectedness approach to investigate the relationships between the development of Global X Robotics and AI (BOTZ) and the volatility of green crypto investments from November 9, 2017 to March 24, 2023.

Findings

In the sample duration, the findings reveal a two-way link between AI and green/nongreen cryptocurrencies. Throughout the examined period, BOTZ has been a net receiver of shocks as determined by the net total connectedness. Among the main spillover shock carriers in the system, green cryptocurrencies are the most significant. The net pairwise directional connectivity reveals that green cryptocurrencies controlled BOTZ throughout the analyzed time, particularly during the COVID-19 era as well as the Ukraine–Russia crisis. According to the findings, the proposed system is vulnerable to a high level of indication influence.

Practical implications

The results have important policy implications for investors and governments, as well as methods from the spillovers across the various indicators and their interconnections. Sharp information on the primary contagions among these indicators aids politicians in designing the most appropriate policies.

Originality/value

To the best of the authors’ knowledge, this paper is the first to look at the link between AI, technological advancement and green cryptocurrency investing. Second, this study developed a methodology for examining instability links between various factors that is more appropriate for investigating these linkages. This study investigates the links between AI, technical advancement and green digital currencies using a cutting-edge model-free connectivity method. This work is also the first to examine the interconnection between volatility derived from AI, technological development and green cryptocurrency investments in light of unknown events, such as the COVID-19 pandemic and the Ukrainian–Russian conflict. Finally, this study includes a daily database from the BOTZ fund, which attempts to invest in firms that stand to gain from rising robotics and AI use. Cardano (ADA), IOTA, NANO (XNO), Stellar Lumens and Tron are examples of green cryptocurrencies, whereas Bitcoin is an example of a nongreen cryptocurrency. These virtual currencies are being used to investigate the relationship between investor mood and green and nongreen digital currencies. The data set spans the period from November 9, 2017 to March 24, 2023.

Details

Studies in Economics and Finance, vol. 41 no. 5
Type: Research Article
ISSN: 1086-7376

Keywords

Article
Publication date: 6 November 2024

Nafeez Ahmed

The paper aims to address a gap in foresight study and practice relating to the lack of unifying theoretical systems frameworks capable of examining empirical data from across a…

Abstract

Purpose

The paper aims to address a gap in foresight study and practice relating to the lack of unifying theoretical systems frameworks capable of examining empirical data from across a wide range of different ecological, social, political and economic systems. It attempts to develop a new “collective forward intelligence” that can not only make sense of these disparate trends and processes as symptoms of a wider planetary system but also, on this basis, construct accurate and plausible future scenarios to underpin national and international decision-making.

Design/methodology/approach

This study conducts a transdisciplinary integration of C. S. Holling’s adaptive cycle with phase-transition phenomena across biology, physics and chemistry, applied on societal and civilisational scales. A systems methodology is then applied to integrate historical and empirical data across the energy, food, transport, materials and information sectors of civilisation’s production system.

Findings

The paper develops planetary phase shift theory as a new collective forward intelligence framework for foresight study and practice, formalising the notion that humanity has arrived at an unprecedented historic and geological turning point. It finds that multiple global crises across both earth and human systems are symptoms of the last stages of the life-cycle of global industrialisation civilisation, which is the potential precursor either for collapse, or for a new civilisational life-cycle that may represent a new stage in the biological and cultural evolution of the human species.

Research limitations/implications

The research sets out a new empirically grounded theoretical framework for complex scenario analysis. This can develop more robust approaches to foresight study and practice, scenario development and forecasting. It suggests the need for a new research programme to understand the dynamics of the planetary phase shift and its diverse implications for societies, industry, technology and politics. The research is limited in that the current paper does not explore how it can be applied in this way. It identifies broad scenarios for a post-industrial civilisational life-cycle but does not identify the variety of complex subsets of these.

Practical implications

The paper provides powerful practical implications to develop new methodology based on planetary phase shift theory for strategic planning, risk assessment and management, as well as public policy and decision-making.

Social implications

The paper suggests the urgency and necessity of bold and radical societal transformation and implies key areas for civil society to focus on in innovating new values, worldviews and operating systems with a focus on the next life-cycle.

Originality/value

To the best of the author’s knowledge, this paper provides the first integrated transdisciplinary theoretical and empirical framework to understand how the interplay of earth system crises, societal change and technology disruptions is driving large-scale civilisational transformation with complex local ramifications.

Details

foresight, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1463-6689

Keywords

Article
Publication date: 28 March 2023

Gautami Verma, Naresh Singla and Sukhpal Singh

The global outbreak of COVID-19 and its subsequent varied impacts on different economic activities necessitate to examine its disruptions and impacts on livestock sector in India…

Abstract

Purpose

The global outbreak of COVID-19 and its subsequent varied impacts on different economic activities necessitate to examine its disruptions and impacts on livestock sector in India due to its recently surging potential as an unrivaled alternative to boost farmer’s income.

Design/methodology/approach

The studies for review were identified through search in different databases using relevant keywords. Only full text papers written in English language were reviewed. The review was organized and streamlined using Covidence software.

Findings

Analysis of the literature reveals adverse effects of COVID-19 on functioning of input and output stages of livestock supply chains. This has resulted in upstream and downstream economic losses that affect livelihoods of the producers.

Research limitations/implications

Scale of unprecedented crisis due to COVID-19 pandemic requires creative policy decisions to make livestock production systems robust, resilient and sustainable. Organized production systems are required to integrate with livestock-tech startups to modernize their supply chains, whereas local supply chains are required to reorient with government’s intervention in terms of developing on-farm production and postproduction processing facilities.

Originality/value

Although there exist some evidence on COVID-19-related impacts on livestock sector of India, but an integrated review of evidence on COVID-19 related disruptions at all the stages (from input supply to marketing) of livestock supply chains was missing.

Details

Journal of Agribusiness in Developing and Emerging Economies, vol. 14 no. 5
Type: Research Article
ISSN: 2044-0839

Keywords

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