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Modelling and Simulation of Inventory Replenishment Policies and Comparison of Target Days Vs Actual Days of Inventory Held
Get PDFSupply chain managers often apply aggregate planning techniques to develop make or buy decisions or even make for stock versus make to order scenarios for example. These scenarios often contain combinations of inventory holding vs capacity installed. Many supply chain managers have used ‘what-if’ decisions to develop supply chain scenarios to help them determine optimum results in terms of low cost and improved customer service. This study aims to create eight scenarios of varying inventory replenishment policies for one fast moving consumer goods (FMCG) organisation. The aim is to provide the supply chain manager with alternative options for lower inventory and yet be able to service the FMCG businesses at lowest cost. The results show that this allows supply chain managers to pick the scenario that optimises an organisation’s resources and competitive strategy
Effect of World Economy Globalization and Supply Chain Upon Socio-Economic Processes at the National Level
Get PDFAbstract-This study investigate the relationship between economy at national and international level, supply chain management system and socio economic process. In this article, we consider the effect of world economy globalization upon socio-economic processes at the national level. We define a set of qualitative attributes of globalization, such as essential growth of international economic relations, national markets’ price leveling, the arrival of investment resource in world markets, creation of a single world finance infrastructure, and the advent of a distinct economic constituent in the activities of international political and military organization. This research is aimed at forming a system of quantitative parameters, which can be assigned to the attributes above, as well as revealing globalization effects on socio-economic development either at national or regional levels, since many contemporary works consider globalization and regionalization as a dialectical process consisting of two indissolubly united parts. Besides, the tasks of the research include the forecast of some tendencies towards globalization effects on the development of national economy by monitoring the formed system of parameters
The Supply Chain Quality Management in High Education: A Case Study in Indonesia
Get PDFAbstract- The purpose of this research is to formulate the supply chain quality management model by identifying the importance factors which contribute the success of supply chain quality management practice in the operational academic process. Reseach design: This research is exploratory in nature using case study in the supply chain member of study program academic process. The approach is by identifying the framework parameter of supply chain quality management. Focus of study is cross sectional to the member of study program’s supply chain which includes new student admissions centers, head of study program, quality assurance centers and career development centers. The information collected by in depth interview and analyzed data from academic process business document. Data analysis is done by open coding, axial coding, and selective coding, indentifying relevant concepts and classifying them into several categories. Result of this paper is the identification of the key elements that support the success of academic business process of study program in implementing supply chain quality management and presenting the supply chain quaity management model implementation, support by the essential elements found. Research Contributio: This research present the importance input for the concept regarding the integration of total quality management and supply chain management implementation of study program’s operationa academic process in high education. This study compiling the development of the concept of supply chain quality management implementation concept and proposition in the form of a causal model that links the influence between several related concepts in supply chain quality management. The results of this study is also valuable for other service industry especially services which have strong involvement between client and server
Supply chain management ethics: Analyze the Business
Get PDFAbstract- The purpose of this paper is to describe a conceptual framework of Supply Chain Management Ethics (SCM-ethics). In any organization and related business, it is very important to understand the need for business ethics and examine the moral and ethical values of the flow of business work. It can be said that business ethics is the pillar for every business and organization because whenever the industry for business is communicating with their clients, employees and related people. The ethics and the social image of the organization will be in the focus for all the, directly and indirectly, persons who are part of the organization or activities as well as passively contributing in the growth of organization. Government has already established law and regulations for every trade now it is is the duty of any business for an organization to follow these rules and guidelines to maintain the dignity and trust of all towards the business. There are many factors which are directly related to business ethics such as increasing product price employee salary commitment to other parties and fulfillment of orders. The business manager is the most important person who has the responsibility to maintain the ethical status of the business. Time by time the norms and meaning of business ethics our changing. The philosophy e of every business and its ethics determines the base purpose of company e and also so helpful to obtain and improve the aims of the business. Ethics can be defined as an indirect protocol for rules which govern the business decision on daily e for periodical basis. For this purpose, the basic key terms are finance, finance paradigm, business issues, Human resource Management trade unions common Management strategy, sales, and marketing, emerging issues, production, property, modern history of property rights, slaves as property e, nature versus social construct, intellectual property and many more
Consumers’ Perception of the Benefits and Challenges of Organic Food Consumption and Supply
Get PDFDespite growing concern on the quality and safety of food available in the market, only a small portion of consumers purchase organic food products. Therefore, this study aims to explore the perception of consumers towards the benefits and challenges of organic food consumption. For that purpose, a semi-structured interview was conducted with three organic food consumers in Tanjung Malim, Perak and data were analysed by using thematic analysis. The findings confirmed “healthiness” and “green environment” as the benefits of organic consumption, while “high price” and “the lack of organic food availability” were described as the challenges in organic food consumption. The implication of the study is that campaigns towards organic food consumption should be focusing on the healthier eating and environmental-friendliness of organic food production. Moreover, organic food producers need to focus on reducing the cost of organic food production to reduce price and increase distribution of organic food to penetrate more market segments.
Social Enterprise and Creation of Social Value Chain
Get PDFThe main aims of the study are twofold. First is to understand how social enterprises create social values, and second is to evaluate how the values further grow and create other positive social impacts. While a large number of studies on social enterprise has been conducted to assess the benefits to the society, how the benefits create a spill over effect is yet to be well researched. Hence, there are limitations on linking social enterprise to sustainable development. Given the nature of the study context was exploratory, the study was conducted using the qualitative method, with the focus on six cases of social enterprises in Malaysia. The data was analysed using the constant comparison approach and thematic analysis. The analyses suggest two main findings. One is how the strategies of the business model is imperative in creating the values, which are the management, process, product and service, and marketing. Two is the creation of social values, and their chains. These social values are the creation of partnership inter-innovations, which foster for sharing economy, and further enhance social inclusion and finally cultivate social empowerment through shared ownership, financial independence, self-sustainable and strategic alliance. As the world is facing complex social and economic issues, we suggest social enterprise as an agenda for creating a sustainable public wealth. Research implications and future research are discussed
The Mediating Role of Supply Chain Management and Moderating Impact of Competitive Intensity on the Association among Environmental Orientation and Firm’s Performance in Indonesia
Get PDFThe research examines a model that describes the correlation between sustainability awareness, green supply chain management (GSCM) practices (green purchasing, consumer engagement and investment recovery) and firms’ performance (FP). Survey responses from 210 manufacturing firms influential in Indonesia, this research has developed many significant observations. Firstly, it indicates that when internal and external environmental strategies may positively and substantially impact on green procuring and consumer coordination policies, internal environmental orientation also plays as a key determinant of capital recovery techniques. Secondly, it demonstrates that the operation of all these three core GSCM practices in addition greatly improves organizational performance. Eventually, the research shows that competitive strength reinforces the positive impact of consumer engagement on firm growth. Generally, the observations illustrate the significance for firms, predominantly located in competitive industries, of fostering a pro-environmental organizational philosophy and strengthening responsiveness to the environmental needs of decision-makers in order to achieve GSCM
The Investigation of Job Search Behaviour Among Workers in the Manufacturing Sector in Malaysia: Do Education and Skill Mismatch Matter
Get PDFThis paper investigates the influence of education and skill mismatch on job search behaviour and quits intention among workers in the manufacturing sector in Malaysia. Three indicators of mismatch were employed here; over-education, overskilling and job mismatch and they were measured using workers’ own assessment. Using data from own field survey, the 2016 Co-workers’ Externalities at Workplace (TERS-16), it was found that 18%, 45% and 37% of respondents were deemed overeducated, overskilled and being in mismatched jobs, respectively. Using random effect probit models, three main findings were observed. As expected, there was strong evidence that overqualification resulted in job search activity. Being in jobs that completely different from workers’ actual field of study also increased the likelihood of seeking new jobs relative to the reference group. Finally, being overskilled also led to a higher probability of being engaged in job search behaviour. Interestingly, the magnitude of the effect was twice higher for the severely than for the moderately-overskilled. These findings were robust even after all education-skill mismatch indicators were controlled for together. The results of the study reflect greater potential mobility amongst the mismatched workers in Malaysia. There is impossible to ascertain whether or not such a move results in improved matches due to data limitation. Yet, from a firm’s perspective, higher intensity of job search behaviour among the mismatched may lead to a higher turnover rate and incur hiring and training cost.
Applying Lean Maintenance to Optimize Manufacturing Processes in the Supply Chain: A Peruvian Print Company Case
Get PDFHigh competitiveness forces companies to reduce their costs and optimize their processes throughout their supply chain. One of these supply chain processes is manufacturing, where the objective may be that the machines work at their maximum efficiency and capacity. This research proposes to increase the effectiveness of the printing process by improving the maintenance applying the Lean concepts. The research will serve as a guide for other companies in the printing industry that seek to increase their production based on the effectiveness of their equipment focused on maintenance processes, which is an important component in their supply chain manufacturing
The Impact of the Strategic Supplier Partnership, and Strategic Outsourcing on the Supply Chain Performance: The Mediating Role of Customer Relationship
Get PDFAbstract- The main focus of the current study is to examine the impact of the strategic supplier partnership, and strategic outsourcing on the supply chain performance. Additionally, the study has mediating role of the customer relationship in the relationship between the strategic supplier partnership and the organizational performance and in the relationship between the strategic outsourcing and the organizational performance. The study is carried out on the manufacturing firms in the Indonesia. The final sample comprises of the 310 questionnaire and the response rate is turned out to be 65.12 percent. In order to examine effects within the construct and to carry out hypotheses testing, this study employed Partial Least Square (PLS) path modeling, has developed PLS, as a procedure to determine path model involving indirectly measured latent constructs by a set of indicators. It is suitable to apply PLS when there is large number of exogenous latent constructs to estimate a few endogenous constructs. The findings of the current study, view supply chain management as a strategic and operational tool to integrate business operations in building capabilities for customization which promises a sustainable customer satisfaction by effectively manages the total flow of inventory from ultimate supplier to the end user The findings of the study would also be useful in identifying and developing assistance and consultancy programs needed by automobile firms, especially those that are important for improving their skills and knowledge that they need for competing in the marketplace