International Journal of Finance & Managerial Accounting

International Journal of Finance & Managerial Accounting

Application of the importance-performance matrix in analyzing lean manufacturing indicators based on circular economy in the automotive industry

Document Type : Original Article

Authors
Mehdi Mahboob Kheirkhah 1
Seyyed Mostafa Mousavi 2
Rasoul Karimi 2
Majid Motamedi 3
1 Department of Management, Ro.C., Islamic Azad University, Roudehen, Iran
2 Department of Industrial Engineering, , Nos.C., Islamic Azad University, Noshahr, Iran
3 Department of Industrial Management, Nos.C., Islamic Azad University, Noshahr, Iran
10.22034/ijfma.2025.78091.2201
Abstract
Abstract
The purpose of this study is to examine and analyze the importance-performance matrix (IPMA) of key factors influencing the manufacturing of lean products with a circular economy approach in the context of Industry 4.0 within the automotive sector. The statistical population consisted of industry experts and automotive specialists, and the data were analyzed using the Importance-Performance Matrix Analysis (IPMA). The findings revealed that factors such as the adoption of advanced technologies and the implementation of lean manufacturing are among the industry's strengths and should be sustained. Meanwhile, certain elements, including waste reduction and supply chain optimization, were found to have high importance but weaker performance, necessitating targeted improvements. In contrast, factors such as economic sanctions and rising costs were identified as critical threats requiring immediate action. The absence of any components in the low-importance, low-performance quadrant indicates the industry’s appropriate focus on strategic priorities.
Keywords: Lean manufacturing, automotive industry, Industry 4.0, importance-performance matrix (IPMA)
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