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Information Sharing and Strategic Supplier Partnership in Supply Chain Management: A Study on Pharmaceutical Companies of Pakistan
Get PDFThe aim of this paper is to distinguish the relationship between different components of supply chain management (SCM) and its impact on the performance of pharmaceutical manufacturing firms in Pakistan. Data has been gathered from 35 pharmaceutical companies located in the big cities of Pakistan. Self-reported questionnaires were used to collect data from the managerial level people working in different pharmaceutical companies of Pakistan. The result indicates that strategic supplier partnership, level of information sharing and quality of information sharing significantly correlates with the performance of manufacturing pharmaceutical firms. The current study will prove fruitful for the organization in improving their performance by implementing concepts of SCM within their companies. The study explored that all independent variables significantly predicted the performance of the firm. Strategic supplier partnerships, quality of information sharing have a positive effect on the performance of pharmaceutical companies whereas the level of information sharing has a negative impact on performance. The findings provide the evidence for previous literature. Results are helpful to policy makers and management to integrate the concepts within the organization to increase the performance of the firm and to win competitive advantage
Enhancing Management Accounting Practices in Manufacturing Companies: A Special Reference to Top-level Management
Get PDFManagement accounting facilitates efficient business operation deploying different techniques that deal with the competitive edge. Organizations are facing new challenges regularly. To survive and expand business management always focus on different traditional and contemporary managerial techniques including. The management accounting techniques incorporate standard costing and variance analysis, traditional budgeting and cost volume profit analysis are commonly applied by managers which are now considered to be less useful in the competitive manufacturing environment. In order to achieve organizational goal and succeed in this present dynamic business environment, new techniques or strategies such as Just-In-Time (JIT), Activity Based Costing (ABC), Total Quality Management (TQM), process re-engineering, life cycle assessment and target costing would accelerate the capability of organizations by overcoming the acute global competition. This paper is an empirical study on manufacturing companies. Overall, the evidence reveals that most of the top-level management rely on so-called traditional techniques in their day to day activities than that of contemporary management accounting tools. However, new tools could accelerate business operations faster. Therefore, it is vivid that application of traditional management accounting techniques holds a strong position in the manufacturing arena. However, there is a good sign that some third generation businesses are trying to utilize new techniques slowly. Moreover, there exists some areas where proper attention is required to ensure best practice and utilization of management accounting mechanism. According to the findings, this paper provides some recommendations that might be useful to enhance the effectiveness and competitiveness of the top-level management and thus helpful in ensuring the practice of more sophisticated techniques in regular business operation
Relationship between Export Revenue and Gross Domestic Product in Bangladesh: An Econometric Analysis
Get PDFExport revenue is an important issue for Bangladesh. So analysis the relationship between export revenue and gross domestic product (GDP) is very crucial for the policy makers to develop our domestic economy as well as to create a good economic relationship with the global economy. The main object of this article is to investigate the relationship between export revenue and GDP in Bangladesh. To test stationary correlogram test is used. In this study, I used Granger causality and co-integration test to test the long-run relationship between GDP and export revenue in Bangladesh from 1981-2015. I found the maximum lag length for the model by using vector autoregressive (VAR) lag order selection criteria. In the model GDP was dependent variable and three variables (Remittance, Foreign direct investment, Export revenue) were the independent variables. In correlogram test, I have seen all of my variables were non-stationary at level, but after taking first difference, they became stationary. According to Granger causality test, there was bidirectional causality from export revenue to GDP in Bangladesh. Johansen cointegration test investigated that there was a long-run equilibrium relationship between export revenue and GDP but by using vector error correction model (VECM) I have seen there is no statistically significant long-run relationship between export revenue and GDP. Wald test indicated a statistically significant short-run relationship between the two variables
Satisfaction and Service Quality of Using High-Speed 4G Wireless Broadband in University Campus
Get PDFThis paper aims to examine customers’ satisfaction with the product service quality rendered by high-speed 4G wireless broadband (YES!) and YES! Campus Store. 161 of 300 students were engaged from numerous faculties at Universiti Teknologi MARA, Shah Alam, Selangor, Malaysia. Based on a survey, this study suggested that tangibility, reliability, responsiveness, assurance, and empathy produce negative results. It shows that the service rendered by YES! does not meet the expectation of customers’ satisfaction. This paper draws attention to the importance of having high-speed 4G wireless broadband in the campus as its impact on customers’ satisfaction as well as service quality at YES! campus store
Factors Influencing Logistics Outsourcing in Pakistan
Get PDFThe Freight Forwarding and Logistics industry plays a vital role in the overall economy of Pakistan. The purpose of this study is to determine the factors that influence for outsourcing the logistics and at the same time performance of outsourcing has been evaluated with respect to Karachi, Pakistan. Three factors identified as Low Human Assets, Low Physical Assets and Partnership, all have a positive impact on logistics outsourcing and the firm performance especially in terms of Financial Benefit. Online survey was conducted and the data was obtained from a sample size of 165 from the seniority level of the manufacturing industry in Karachi. We measure the inner model by Smart PLS software to indicate the reliability of all factors that significant impact on logistics outsourcing practices. Reliability test was also performed which showed that our study is significant
Materiality of Non-financial Sustainability Disclosures: Implications for the Business Enterprises in Bangladesh
Get PDFIn disclosing non-financial sustainability information, materiality of information may be a crucial factor to be considered, which is a new concept in sustainability reporting area. It outlines the significance of materiality assessments while realizing the content of sustainability reports with the identification of those economic, environmental and social issues that matter most to a company and its stakeholders. In this regard, GRI guidelines have been considered worldwide as a tool of disclosing non-financial material sustainability information by the business enterprises. The paper reviews relevant literature as methodology and discusses the conceptual framework of non-financial disclosure of material sustainability information and its implications for the business enterprises in Bangladesh. The paper finds that non-financial disclosure of material sustainability information is at a very nascent stage in Bangladesh and there is ample scope to disclosure of non-financial material sustainability information for the business enterprises in Bangladesh
Working Capital Management of Selected Power Sector Companies in Bangladesh: Evidence from Dhaka Stock Exchange Ltd.
Get PDFThe present study is an attempt to explore the existing working capital management practices of the 3 (three) selected power sector companies listed in Dhaka Exchange Ltd. of Bangladesh. The study covered a period of 6 (six) years from 2010 to 2015. The basic sources of the collected secondary financial data are the DSE archive, published annual reports, and official websites of the selected companies. The study adopted quick ratio, cash to current liability, inventory turnover, receivable turnover, and cash conversion cycle as working capital management indicators of the sample companies. Through descriptive statistics, the study found that the working capital management practices over the study period of the selected companies are satisfactory though there is a scope to invest from the excess working capital in profitable investment opportunities. Student’s t-test and ANOVA technique showed that the differences among the working capital management practices of the sample companies over the study period are significant concerning all the selected working capital ratios except inventory turnover
The Influence of Culture and Mentality on Retirement Planning in Kazakhstan
Get PDFThe world is experiencing ageing phenomenal and the topic of individual retirement planning is becoming more important than before. Many studies focus on factors toward retirement planning, but limited researches studied how the culture and mentality influence the retirement planning in Kazakhstan country. This qualitative study has interviewed ten interviewees to explore how the culture and mentality concern contribute to their retirement planning decision. This paper entails the opinions and experiences about retirement planning among the younger generations in Kazakhstan
The Socio-Economic Effects of Medical Unions Strikes on the Health Sector of Akwa Ibom State of Nigeria
Get PDFThis study was a cross-sectional descriptive survey conducted with the general objective to describe the socioeconomic effects of medical union strikes on Nigeria’s health sector, with particular focus on Akwa Ibom State. Four research questions were formulated that guided the study. Data were collected from respondents who constituted staff, medical students and patients of Akwa Ibom State public hospitals. These formed the population of the study while 150 individuals were randomly selected as sample size. Double sampling technique was adopted while simple random sampling method was used to achieve the purpose of adopting it. The instruments used for data collection was survey questionnaire and oral interview with a tape recorder. The criterion-related validity and test-re-test reliability were methods adopted to test for the validity and reliability of research instruments. The data collected were analyzed using descriptive analytics techniques such as frequency distribution, measures of central tendency, percentages and measures of dispersion. From the analysis, it was revealed that the incessant health workers strikes are fundamentally caused by poor remuneration, denial to salary review and non-payment of accrued salaries. It was also seen that negative socioeconomic effects of which the major ones included avoidable deaths, poor health complications and disease spread outweighed the positive socioeconomic effects which were salary review, payment of accrued wages, provision of medical equipment and improved welfare of health workers. This was viewed in terms of their impacts on the economic indices of the nation. The study recommends among other things that government should pay health workers salaries regularly and improved infrastructure of health centres to enhance service delivery. On the other hand, workers should make demands that are moderate and not beyond the capacity of their employers and should provide certain essential services while on strike
Human Resource is being Trafficked by Luring in the World instead of Using as a Resource: An Empirical Study of Human Trafficking in Bangladesh
Get PDFAt present human resource is being trafficked by luring in the world instead of using as a resource. This heinous crime and social scar have become a global concern recently. The uneducated and innocent feeble people are illegally immigrated seeking a better future abroad but they are abused. Data have been collected from primary and secondary sources by questionnaire and interview method. The development of any country depends on the development of human resource. But today the traffickers consider human trafficking as a profitable industry. They target some illiterate workers and take them abroad by promising lucrative job as well as an attractive salary that dreams the workers standard life leading opportunity. But the workers are not given the promised job abroad. They are used as a slave, forced or bonded labor or commercial sexual exploitation. Even the workers often face isolation, sexual abuse, fear, rape that can be caused by death. But if this human resource is used properly instead of abuse, they will be a great resource for any country