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Implementing Lean Manufacturing for Improving the Operational Performance of Pharmaceutical Companies in Egypt
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Implementing Lean Manufacturing for Improving the Operational Performance of Pharmaceutical Companies in Egypt
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Journal Article
Implementing Lean Manufacturing for Improving the Operational Performance of Pharmaceutical Companies in Egypt
2024
Overview
The profitability equation can be significantly affected by a number of factors, including fluctuating international currency rates, rising raw material prices, market pressures to reduce product prices, and higher logistics expenses. Pharmaceutical companies are under continual pressure to reduce expenses without sacrificing quality. Manufacturing companies are becoming more interested in improving operational performance and reducing production costs. Businesses today have recognized the strategic necessity of lean production practices in order to increase and optimize their manufacturing productivity and cost effectiveness to remain competitive. State-owned pharmaceuticals face significant challenges adapting to the global market, as well as aligning with modern technology to deliver effective medicine at an affordable price and private multinationals' dominance of the market. Moreover, the burden imposed on state-owned pharmaceuticals to be responsive in meeting customers' demand while maintaining high standards of quality and controlling the overall costs. This research aims to test the relationship between implementing lean manufacturing and improving operational performance. Data was collected using a questionnaire. Responses from 337 usable questionnaires were analyzed in order to examine the relationship between implementing lean manufacturing practices and improving operational performance of state-owned pharmaceutical manufacturing companies in Egypt. Confirming previous studies, the results show a positive relationship between implementing lean manufacturing and improving operational performance.
Publisher
جامعة عين شمس - كلية التجارة
Subject
