Efficiency Of Business Operations Research Articles

Bibliometrix Analysis: Management Inventory dan Supply Management

Inventory and Supply Management is an important aspect of efficient business operations. Both are interrelated and have an impact on achieving competitive advantage and customer satisfaction. In the case study of PT. Berkahjaya Sentosa Technique, Bibliometrix analysis is used to evaluate the performance of inventory and supply management of companies. The results show that effective inventory and supply management can improve operational efficiency and customer satisfaction. Bibliometrics is an analytical method used to map and analyze scientific literature in a particular field. In the context of inventory management and distribution control, bibliometrics can provide valuable insight into the development and focus of study in a particular field. The purpose of this study is to analyze and summarize scientific literature related to inventory management and distribution control using bibliometric methods. The method used is descriptive analysis using analysis tools such as three-field plots and tables of main information. The results show that scientific literature related to inventory management and distribution control has experienced a decline in annual growth in the period 2018-2023. However, the average citation per document shows that this literature is still very relevant and important in the context of inventory management and distribution control. This research provides valuable insights for researchers and practitioners in the field of inventory management and distribution control

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Purpose: The article aims to improve the methods of motivation and incentives for employees to ensure the sustainable development of domestic enterprises. Theoretical framework: The spread of market economy elements in Ukraine determines the link between employee performance and the efficiency of business operations. As a result, the scientific literature shows a constant interest in motivation and incentives. This issue is quite important for enterprises that have a heterogeneous staff structure and are significantly influenced by the technological process, which requires qualified and experienced employees. Therefore, the study of the system of motivation and incentives for employees of domestic enterprises is relevant and essential. Design/methodology/approach: The methods employed in writing the article were analysis, synthesis, generalization, explanation, and data qualification. The following is proposed to be achieved by considering the factors of influence of the external and internal environment of the enterprise, as well as the specifics of personality development. Findings: Certain tasks were solved in the course of the study. The theoretical foundations of motivation and stimulation of labor are considered and the peculiarities of the functioning of internal labor demand are emphasized. Research, Practical & Social implications: Promising measures to improve the performance of the labor force of domestic enterprises are proposed. Originality/value: The author develops appropriate guidelines for the conformation of the system of motivation and stimulation of labor in society at the present stage of development of profit relations.

Motivation and Incentives for Employees of Domestic Enterprises

Purpose: The article aims to improve the methods of motivation and incentives for employees to ensure the sustainable development of domestic enterprises.
 
 Theoretical framework: The spread of market economy elements in Ukraine determines the link between employee performance and the efficiency of business operations. As a result, the scientific literature shows a constant interest in motivation and incentives. This issue is quite important for enterprises that have a heterogeneous staff structure and are significantly influenced by the technological process, which requires qualified and experienced employees. Therefore, the study of the system of motivation and incentives for employees of domestic enterprises is relevant and essential.
 
 Design/methodology/approach: The methods employed in writing the article were analysis, synthesis, generalization, explanation, and data qualification. The following is proposed to be achieved by considering the factors of influence of the external and internal environment of the enterprise, as well as the specifics of personality development.
 
 Findings: Certain tasks were solved in the course of the study. The theoretical foundations of motivation and stimulation of labor are considered and the peculiarities of the functioning of internal labor demand are emphasized.
 
 Research, Practical & Social implications: Promising measures to improve the performance of the labor force of domestic enterprises are proposed.
 
 Originality/value: The author develops appropriate guidelines for the conformation of the system of motivation and stimulation of labor in society at the present stage of development of profit relations.

Do Digitalization and Digital Finance Help Small Firms Survive Global Economic Uncertainty in Central and West Asia? Evidence from Rapid Surveys

The Russia–Ukraine conflict disrupted a V-shaped economic post-pandemic recovery in Central and West Asia. It affected global supply chains and slowed the region’s growth momentum while adding inflationary pressures. Private businesses were adversely affected by the impact of the conflict and global sanctions against the Russian Federation, with the effects being more pronounced for micro and small firms. The pandemic helped create a base of digitalized firms. As the impact of the conflict began to be felt, how did business digitalization affect the operations of small firms? Would digital finance help fill unmet financing demand from small firms during the difficult time brought by the conflict? This paper assesses the impact of the conflict on digitalized small firms’ operations and discusses the effect of digital finance, and whether it helps small firms survive global economic uncertainty. It uses a linear probability regression based on rapid business surveys conducted in seven Central and West Asian countries—Armenia, Azerbaijan, Georgia, Kazakhstan, the Kyrgyz Republic, Tajikistan, and Uzbekistan. The results show that digitalization has yet to allow small firms to take full advantage of the opportunities it offers for more efficient business operations. Digital finance has yet to be well accepted and used by small businesses, even those already digitalized. Based on the analysis, the paper suggests four policy implications that can help promote business digitalization of small firms and the use of digital finance across the region.

Application of Business Technology in Management: A Case Study of Using Technology Innovation to Improve Business Operational Efficiency and Effectiveness

This research focuses on the application of business technology in management, specifically examining a case study of a conventional bank in Sukabumi. The objective of the study is to explore the use of technological innovation to increase the efficiency and effectiveness of business operations at the bank. The research methodology involves a comprehensive analysis of the technological innovations implemented, their impact on customer service and transaction processing, and the overall organizational performance. The findings reveal that the bank has successfully implemented online banking platforms, a mobile application, and advanced ATMs, resulting in improved customer service, streamlined transaction processing, and enhanced organizational performance. The study contributes to the existing literature by emphasizing the importance of technological innovation in the banking sector and providing recommendations for banks to optimize their technological investments.

Human Resources Management Practices in Enhancing Knowledge Retention in the Registrar’s Department at NUST, Zimbabwe

Rationale of Study – The study's goal was to determine how the Registrar's Department at the National University of Science and Technology might improve knowledge retention by applying human resources management procedures. (NUST). NUST is losing critical knowledge through retirement, dismissals, resignation, and other attrition methods, affecting efficient and effective business operations at NUST.Methodology – The study adopted a qualitative research approach and used a case study design, utilizing interpretivism as its paradigm. The data was gathered through face-to-face interviews. Interview subjects were chosen through purposeful sampling. The information collected was examined and presented thematically.Findings – The findings revealed that the Registrar‘s Department is operating without a knowledge management policy and knowledge strategies to capture critical knowledge from its employees and, as such, is losing essential knowledge when staff members leave through resignations and deaths, among other reasons. It also emerged that senior-level executives' support does not provide adequate funding to encourage knowledge retention. The study concluded that formalized coaching and mentoring, incentives, succession planning, and a lack of retention methods were all considered obstacles to knowledge transfer and retention within the organization.Implications – The study contributes to the need for the Human Resources Department at NUST to adopt strategies to retain the knowledge of experts and adopt a knowledge management policy that will guide and enable systematic knowledge management processes.Originality – This is a unique empirical study in a Zimbabwean university

Decentralized federated learning with privacy-preserving for recommendation systems

ABSTRACT Hyperautomation can automate complex business processes, reduce human intervention and improve business operational efficiency. Recommendation systems (RS) facilitate hyperautomation greatly. However, these systems require a large amount of user data to train their machine learning (ML) models and hence user data privacy has received great attention. In this paper, we propose a decentralized federated learning framework with privacy-preserving for RS. In our framework, users train the private and public parameters locally but share the public parameters only. Extensive experiments verify that our approach is accurate and can well preserve privacy. This study is helpful for providing privacy preserving in hyperautomation.

Construction of The Bakauheni-Terbanggi Besar Toll Road to Improve The Community's Economy

Infrastructure development in Lampung, especially toll roads, is urgently needed to support mobility, increase the distribution of goods and services, especially in areas with high levels of devel-opment and it can reduce congestion on a number of Trans-Sumatra Roads in Lampung, there some points or areas are the main routes, which is able to support the economy constrained by traffic jams and inadequate roads. This study aims to examine whether the construction of the toll road has had the expected im-pact and achieved the above goals. A number of sectors are used as the main study in this research, namely Population, Employ-ment and Unemployment; Industrial and Commercial; Retail; Housing area; and Business Operational Efficiency. This study us-es empirical studies, which use field data as the main source, such as the results of interviews and observations. The results of the study show that the positive impact of infrastructure development in the short term has been felt by the community, especially in terms of business and retail operational efficiency. However, vari-ous studies have stated that the biggest impact on infrastructure development is in the future, especially with massive population growth which will certainly increase the capacity of the economic ecosystem, even forming a new economic ecosystem

ІНФОРМАЦІЙНЕ ЗАБЕЗПЕЧЕННЯ ОБЛІКУ ФІНАНСОВИХ РЕЗУЛЬТАТІВ В ЛІСОВІЙ ГАЛУЗІ

At the article the issue of the use of automated software that facilitates prompt response and control of the legality of operations were considered. The relevance of the study of the problem of accounting and automation of financial results by domestic forestry enterprises was confirmed. Different problems to increase and improve the efficiency of accounting of the financial results of the operation of enterprises in the forest industry were defined. In practice, this provides an opportunity to use automated software, facilitates prompt response and control of the legality of operations. It was justified that the automation process carried out will contribute to increasing the efficiency of the introduction of automation and their feasibility from an economic point of view, and also prevents their influence on the final result. Performing accounting of financial results under the conditions of an automated information processing system, the entire accounting process is carried out in several stages were installed. The characteristics of these stages were provided. The proposals when, with the help of modern software, accounting functions can be fully automated and the consequences of their work can be presented in any form convenient for users were justified. The introduction of automated accounting systems is a process, the result of which is an improvement in the quality of accounting data was considered. The result of the actions taken is the improvement of the management efficiency of the forest industry. It has been proven that the automated accounting system is appropriate when using it at forestry enterprises. Thanks to the introduction of automation, the time for processing various documents that do not require large storage spaces is reduced. As a result of the conducted research, recommendations were given to enterprises of the forestry industry to switch to the accounting information processing program BAS Accounting. The advantage of the efficiency of the resulting accounting information will be the strengthening of control over the legality and economic efficiency of business operations.

A 5-Step Process of System Analysis to Improve the Efficiency of Enterprise Management

The article addresses challenges associated with analysing factors that affect the efficiency of business operations that people at different levels of management face. The authors use Ishikawa diagrams as a key tool in their proposed approach to analysing information needs of an enterprise. They also identify crucial external and internal factors that have a direct effect on the efficiency of enterprises under current local and global economic conditions. The main contribution of the article is a 5-step process that company managers can use to determine which factors they should focus on in order to improve the efficiency of their enterprises.(original abstract)

Küresel Eğitim Şirketlerinde İnsan Kaynakları Yönetimi Çalışmalarının İncelenmesi

The purpose of this study is to examine the human resource management studies in global education companies. In parallel with the managerial processes of global education companies, the most important reserve of wealth and qualification criteria are the human resources management owned by these companies. The correct application of human resources management, which is one of the most important elements affecting the performance of global education companies, is very important in terms of ensuring the sustainability of the company. It is seen that the main purpose of almost all global education companies is to provide institutionalization in this way. On this basis, institutionalization is an obligatory justification for global education companies to become a system and to create an efficient working environment. Human resources management is also an important criterion as a system in which global training companies are guided, recruited and controlled. Human resources within the framework of Corporate Governance, long-term strategies of the company and a training company managers and increase the efficiency of business operations and supervisory arrangements of a facilitation effect. Key Words: Training Company, Human Resources, Corporate Governance

CHINA-PAKISTAN ECONOMIC CORRIDOR AND GEOSTRATEGIC DEVELOPMENT IN THE MIDDLE EAST

Regional connectivity is one of the aims of the China–Pakistan Economic Corridor (CPEC). Positive effects of CPEC will be felt throughout the region, including in Iran, Afghanistan, the Central Asian Republic, and beyond. Improved roads, rail, air transportation, more frequent and free exchanges of growth, people-to-people contact, increased understanding through academic, cultural, and regional knowledge, increased trade and business activity, increased production and movement of energy for more efficient business operations, and increased cooperation based on a win-win model will all contribute to a more connected and integrated region. The Belt and Road Initiative (BRI) is an important step toward regionalizing the global economy. It created a framework for harmony, growth, and mutual benefit. The China–Pakistan Economic Corridor represents future prosperity, stability, and peace in the area. We analyses how CPEC will impact China's economic and geopolitical ties to the Middle Eastern countries, focusing on the Gulf Cooperation Council states (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates) and Iran. Most of these nations rely heavily on commerce with China and export great amounts of oil and natural gas to China. These countries are also crucial investment partners for China because of the large amounts of money generated from oil exports.

Understanding financial strategy and management efforts to improve business operational efficiency in the era of multi-financial crisis

Efforts to understand this financial strategy is one of the most important actions when these multiple financial crises hit the government, conditions, and even individuals. To discuss getting an understanding of the strategy in question, we have reviewed several documents that we believe can answer the core problems, and to prove our assumptions and findings, we examine them under a mandatory convenience approach which involves a data coding system conducting in-depth interventions and drawing conclusions to see if these findings are relevant and also valid answers. After a series of studies and discussions, we can finally conclude that an understanding of financial strategy in times of crisis to improve the efficiency of all operational sectors, both business and government, requires an understanding of appreciation and then invites to collaborate in setting economic priorities and opening opportunities for investors, and strategies intensive, and go green project. Hopefully, these findings will add input for similar studies in the future.

Research on Human Resource Management Performance Evaluation Method Based on Chaos Optimization Algorithm

All enterprise components and business activities are centered on the customer. Whether human resource management is reasonable and effective not only is a matter of human resource management, but also directly influences whether other resources can be used reasonably and effectively, and determines the efficiency of business operations. In human resource management, perfect performance evaluation criteria are developed based on the actual situation in order to evaluate employee productivity and work ethic. Nonetheless, in the process of actual enterprise HR management performance evaluation work, there are not only imperfect performance evaluation standards, but also relatively objective evaluation standards, and HR cannot conduct a comprehensive analysis of each position, which has a negative impact on the quality of enterprise HR management work. This paper improves the performance evaluation model for the original data mining and proposes a human resource management performance evaluation method based on chaotic optimization algorithm, which generates the initial values of evaluation data through chaotic logistic mapping, bringing the initial data closer to the optimal value, reducing the impact of random initialization on the algorithm’s performance, and when the model is trained, it can make the algorithm’s performance more stable. Capability thereby addresses the flaws in the original evaluation method. Experiments demonstrate that our method significantly improves the precision of model training and prediction.

Developing a Quality 4.0 Maturity Index for Improved Business Operational Efficiency and Performance

Purpose: Technological advances and increased environmental turbulence require a transition in quality management. The study aimed at developing a Quality 4.0 maturity index for improved business operational efficiency and performance. Methodology/Approach: This conceptual paper introduces a theoretical business evaluative model that allows an integrated analysis of technology-driven, quality management dimensions. The model is based on theoretical and empirical information and describes Quality 4.0 business analysis by a theoretical central business dimensional concept, formal statistical analytical methods and uses these data to assign a maturity index score to the business. Findings: The study builds the Quality 4.0 maturity index following the analysis of seven continuous quality improvement dimensions. The maturity of these dimensions in the business is assessed with a five-point maturity level. The effectiveness of the index should be confirmed with fit as covariation and a composite score for the level of Quality 4.0 maturity. Research Limitation/Implication: The research is based on theory and has not been validated with empirical data. It is recommended that a validation study be conducted based on the approach and guidelines provided in the paper. Originality/Value of paper: The study helped develop a theoretical aspect of total quality management during an era of the fourth industrial revolution. It also aimed at practically benefiting a business by focussing on improved business capacity and capability to mitigate the environmental turbulence associated with pandemics. The paper provides novel work, as it describes one of the first Quality 4.0 maturity index models that may be used to improve business.

Pemasaran Digital di Era Pandemi Covid-19

The COVID-19 pandemic has brought many changes in human life. Life processes that were previously done manually are now leading to the massive use of digital technology. This opens up a myriad of new opportunities to reach potential customers, serve existing customers and in some cases increase the efficiency of business operations. Thus, the ability to use digital technology to improve business efficiency is increasingly undeniable. Therefore, the team of lecturers from the Management Study Program of UPH Medan and Sari Mutiara University initiated to conduct training on the use of digital marketing technology in the era of the COVID-19 pandemic. In this training activity, 12 steps of digital marketing were explained and could be directly applied by participants consisting of students of the Management study program of UPH Medan, USMI Management study program and the general public.

How to improve the government-enterprise relationships to retain enterprise?

How can enterprises and governments establish and improve government-enterprise relationships (GER) to increase the efficiency of business operations and enterprise retention (ER), and ensure the sustainable development of enterprises and regional economies? Based on resource dependence theory and institutional theory, from the enterprise level and the institutional level, GER is composed of five elements: organisational political strategy, individual political strategy, government fairness, government service, government convenience. This article studies the multiple paths and the mechanism of the coupling of the five elements of GER to achieve high ER. Fuzzy-set qualitative comparative analysis (fsQCA) and the data of GER in China's 31 provinces from 2010 to 2019 were used to conduct configuration analysis and the causal relationship between multiple factors of GER and ER. Sixteen thousand eight hundred fifty-four observations of Chinese A-share listed companies are used to conduct an empirical analysis of corporate political strategy on enterprise retention willingness in government business environment, and to test the robustness of the configuration analysis results. Results indicate that a single factor of GER is not a necessary condition to produce high ER, four types of GER configurations (Government-driven government-enterprise separation, enterprise-driven government-enterprise separation, government-and-enterprise-driven government-enterprise cooperation, government-assisted government-enterprise separation) can produce high ER, and three kinds of GER that produce non-high ER are obtained. The empirical analysis of listed companies tested the configuration analysis results and robustness.

The Value Relevance of Operational Innovation: Insights from the Perspective of Firm Life Cycle

This study investigates the effect of innovation on firm value at each stage of the firm life cycle (FLC): growth, mature and decline stages. Innovation involves improving the yield of input resources and creating new revenue sources. Thus, we define operational innovation as overall efficiency in business operations and divide the operational innovation into technical innovation and scale innovation. We adopt data envelopment analysis to measure a firm’s operational innovation and Dickinson’s method to determine the firm’s life cycle stage. The findings show that the effect of operational innovation on firm value differs among different stages of the firm life cycle, indicating that firms seeking value maximisation should improve the performance of technical innovation at the growth stage and that of scale innovation at the decline stage. In addition, technical innovation is positively related to the firm’s future value at every stage of its life cycle, signifying that the firm’s sustainability is associated with technical innovation rather than scale innovation. This study contributes to the existing literature by presenting the value relevance of the operational innovation that firms should pursue in each life cycle stage.

Specifičnosti tranzicije u zemljama Centralne i Jugoistočne Evrope

Privatization was one of the largest reform processes in the countries of Central and Southeastern Europe. In the economic literature, privatization in countries in transition is seen as an integral part of the process of liberalization and stabilization of the economy, which transfers property rights from the state to private entities. The main goal of privatization should be to increase the efficiency of business operations through better management, lower operating costs and increased competitiveness. The main problem that arose before the creators of the economic policy of countries in transition in the case of privatization was, among other things, how to transfer the ownership of the largest part of companies in an economy in which there is no private savings and not enough foreign direct investments into private hands. The paper presents the methods of company privatization, market reactions, the level of employment, and finally, the transition of this part of Europe was compared with the events characteristic of Serbia.

The Impact of Management Accounting Practices (MAPs) on Firm Performance: A Literature Review

Management accounting information plays a very important role for managers in the decisionmaking process, providing quality information to control operations, using resources, and supporting managers in planning, and controlling to improve the efficiency of business operations in the contemporary world. The number of researches on Management Accounting Practices (MAPs) in recent years has been increasing and focusing on the factors that have an effect on MAPs and analysis of the relationship between MAPs and firm performance. According to various researches, MAPs have an impact on serious business operations and enhance firm performance. However, there is still limited empirical evidence to support the relationship between management accounting and firm performance. The results show the fact that there are conflicts and inconsistencies in the correlation between MAPs and firm performance. The majority of research showed a positive relationship, while others exposed no relationship or negative one. The paper aims to debate with the literature review of analyzing the relationship between MAPs and firm performance. Furthermore, performance measurement is also indicated to clarify the analysis content.