Purpose – In recent years, many manufacturing companies are attempting to implement lean manufacturing systems (LMS) as an effective manufacturing strategy to survive in a highly competitive market. Such a process of selecting a suitable manufacturing system is highly complex and strategic in...

Purpose – According to the literature, on an average, it takes around three to four years to develop a new product and about 50 percent of the costs incurred in product development (PD) tend to be spent on waste that occurs during the PD process. Hence, organizations are implementing various...

Purpose – Risk management has always been an area of concern for every global firm. The firm's supply chain management (SCM) practices are also affected by the degree of risk involved in almost all decisions. The purpose of this paper is to address the issue of assessment of risk associated...