Productivity Improvement through Lean Principles in an Indian SME

Small and Medium Enterprises (SMEs) are backbone of developing economies like India. However, in an era of liberalization and free economy SMEs are facing the challenge of their existence. Large scales companies have started the fruit of quality and maintenance, management by applying differ strategies like TPM, TQM, Six Sigma, JIT Kanban etc. Techniques and tools for the enhancement of the productivity and quality are not found in SME’s which gives success in the longer term and maximize competitive advantage because of its inherent limitations. The aim of this project is to explore and improve production with the focus on lean philosophy. There is direct relationship between lean and qualitative manufacturing. Lean concept is one of the successful improvement concepts and very wide concept also that will be applied to improve production. Here we will mainly focus on the lean principles like 5s, Inventory Management and others for waste reduction. With this SME will be able to improve production rate, increase availability of the monetary fund and reduction in the different wastes.