Abstract
This study validates the relevance of Lean strategy in Nigerian pharmaceutical companies in Anambra State. Specifically, the study ascertained the effect of lean manufacturing approach on efficiency of pharmaceutical companies in Anambra State and determine the effect of lean manufacturing approach on competitiveness of pharmaceutical companies in Anambra State. The study adapted a descriptive survey research design since the study is to distribute questionnaires to the respondents. The population of the study consists of 80 staff of 6 selected pharmaceutical companies in Anambra State. Data were collected through the questionnaires administered to respondents. T-test statistical tool was used to test the two hypotheses with the aid of SPSS version 20. 0 at 5% level of significance. The study revealed that lean manufacturing approach has effect on operational efficiency of Pharmaceutical Companies in Anambra State. Findings of the study provided support that lean contributed in integrated value chain supply and competitiveness in manufacturing companies. Therefore, the study concluded that lean manufacturing approach has effect on efficiency and competitiveness of pharmaceutical companies in Anambra State. Based on the findings, the study recommended that manufacturing companies should strive to adopt lean thinking approaches, principles and practices so as to reduce inherent variations with suppliers and demand from customers for greater effectiveness of the company.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.