Strategic Technology Investment: A Catalyst for Lean Six Sigma Implementation in Manufacturing SMEs

In an increasingly competitive global landscape, Small & Medium-sized Enterprises (SMEs) in the manufacturing sector are constantly seeking methodologies to enhance efficiency, reduce waste, and improve product quality. “Lean Six Sigma (LSS)” stands out as a robust framework that integrates the waste-reduction principles of Lean with the variation-minimization strategies of Six Sigma. This study aims to explore the intricate relationship between technological readiness, new technology investment, and the successful adoption of LSS methodologies within manufacturing sector SMEs. Understanding these dynamics is crucial for enabling SMEs to fully harness the benefits of LSS, thereby fostering sustainable growth and competitiveness. A survey was carried out for understanding the adoption and implementation of Lean Six Sigma tools and techniques in Indian SME’s working in the furniture, footwear, food processing and steel manufacturing industries. Around 431 responses were collected through a questionnaire and the data was collected based on various aspects. The findings indicate that organizations that are prepared to adopt LSS technologies have invested in enabling new technology and are more likely to adopt LSS technologies.