Efficiency Of Business Operations Research Articles

The Impact of Digitalization on B2B Business Models - Opportunities and Challenges

This thesis explores the impact of digitalization on B2B (business-to-business) business models and analyzes the opportunities and challenges it brings. First, the thesis introduces the basic concepts of digitalization, including core technologies such as big data, social media, artificial intelligence, and e-commerce. The subsequent sections delve into the evolution of B2B e-commerce models, encompassing diverse categories such as sourcing platforms, e-marketplaces, bilateral connections, and B2B online stores. A particular emphasis is placed on the manner in which digitization has transformed business operations, customer relationship management, and marketing strategies. These analyses are anchored in the case study of the BASF Corporation. The study's findings indicate that digitization can significantly enhance business operational efficiency, reduce costs, expand market reach, and optimize customer experience. However, it also introduces challenges such as new competitive pressures, increased investment costs, and cybersecurity risks. The paper concludes with recommendations for B2B companies to more effectively utilize digital technologies to achieve sustainable growth.

SecureFace: Enhancing Student Safety with Face Recognition Attendance Tracking

Introduction: Attending low-cost tracking systems Reliable organization of employee holidays and employee absenteeism. Student protection are equally important in academic settings. A pioneering practice of facial recognition technology aptly named SecureFace makes monitoring of attendance, reducing possibility of some mistakes and the general administrative cost while at the same time improving security measures. By employing sophisticated machine learning techniques and findings in current research facial recognition software available, SecureFace instantly and authenticates students, with a view of taking students attendance without physical contact. This method not only enhance the business operation efficiency and at the same time provides security by minimizing access to people without permit to visit the facility. The study analyses the technical aspect of the system. Significant in architecture, with possible challengessuch as the light conditions are variable and recommending remedies that need to be labeled for accuracy guarantee.SecureFace aims at establishing an enclosed, fast and safe, and the type of learning environment of today through advanced technology related solutions. The primary objective of the SecureFace system is to enhance student safety and automate attendance tracking through facial recognition technology. By implementing a secure and reliable biometric authentication system, the solution aims to eliminate manual attendance errors and prevent fraudulent practices such as proxy attendance. The system is designed to achieve high accuracy and robustness by leveraging deep learning models like CNNs and FaceNet, ensuring reliable identification even under varying lighting conditions and facial orientations. Additionally, SecureFace prioritizes data security and privacy by incorporating encryption techniques and adhering to relevant data protection regulations. The system is also structured for scalability, making it suitable for institutions of different sizes while optimizing performance for real-time processing.

Digital Transformation: The Role Of Information Systems In Enhancing Efficiency

This research aims to understand and analyze how the digital transformation process can enhance relevant information systems, as well as how these digital information systems can improve operational efficiency in manufacturing companies in Indonesia. The research method uses a qualitative descriptive approach with purposive sampling for data collection, and the data is gathered through documentation study. Based on the research results, it can be concluded that information systems can become more relevant through the digital transformation process by analyzing organizational needs, modernizing technology infrastructure, digitizing business processes, integrating new technologies, building system integration, and implementing monitoring and analytics. Additionally, it can be concluded that digital information systems can improve business operational efficiency by automating operational processes, integrating data and systems, enabling faster and more accurate decision-making, reducing operational costs, and facilitating overall digital transformation.

The Role Of Technology In Simplifying Operations To Strengthen Customer Relationships In The Culinary Industry

With the advancement of technology, the culinary industry continues to evolve. Technology not only makes businesses easier to run, but it can also strategically help enhance customer engagement. The purpose of this research is to determine the role of technology in streamlining operations and strengthening customer relationships in the culinary industry. Business operators can optimize efficiency, reduce costs, and enhance customer experience by using online ordering applications, digital inventory management systems, and social media platforms. This study also discusses the implementation of digital payment systems and the use of data analytics to understand customer preferences. The research results show that the effective use of technology can increase customer satisfaction by up to 25% and operational efficiency by up to 30%. Thus, technology is not just a helpful tool, but also a catalyst for building a competitive culinary business. Technology offers many opportunities to make culinary businesses easier and enhance customer engagement. Research results show that the adoption of the right technology can provide significant efficiency in business operations, such as cost reduction, improved service speed, and better data management. In addition, technology also plays a crucial role in enhancing customer experience through personalization, ease of access to information, and more interactive interactions. Thus, the strategic use of technology can be the key to the success of culinary businesses in the digital era, creating more efficient operations and more engaged customers. Keywords: Technology, Customer Engagement, Culinary Industry, Digital Transformation, Business Efficiency.

An intelligent stochastic optimization approach for air cargo order allocation under carbon emission constraints.

In air cargo transportation, effective order allocation is crucial for improving the efficiency of business operations and reducing environmental impact. In this paper, we study a high-dimensional stochastic order allocation problem that assigns uncertain orders to different types of aircraft for transportation. Considering the carbon emission and the uncertainty of customer order arrivals in the actual transportation environment, a stochastic optimization model considering the cost of carbon emission is established with the objective of maximizing the expected profit from order transportation. A new intelligent optimization method is introduced for addressing the order assignment problem under carbon emission constraints by combining the improved adaptive large-scale neighborhood search algorithm with the scenario generation technique. The method finds the optimal solution through an improved adaptive large-scale neighborhood search algorithm and uses a scenario generation technique to generate the scenarios required for evaluating candidate solutions to the high-dimensional stochastic optimization problem. Experimental results show that this method surpasses the compared optimization methods regarding both optimization capability and optimization efficiency.

Analisis dan Rancangan Pekerjaan

Job analysis is a process of finding out information on each job or position that is needed to achieve company goals. Job analysis itself is carried out to identify the functions of a job through procedures that are required as requirements for a worker to do their job. Literature review is a description of theories, findings and other research materials obtained from reference materials to be used as a basis for research activities to develop a clear framework for formulating the problem you want to research. Job analysis at an automotive company like Honda involves an in-depth process of understanding the various roles that exist within the organization, from factories to management positions at headquarters. Honda, as one of the largest global automotive manufacturers, requires a workforce with a variety of technical and non-technical skills to support its production operations, research and development, as well as sales and service. Job analysis at Honda allows the company to determine the requirements and qualifications for each role, ultimately supporting successful, efficient business operations.

Menggali Potensi Kewirausahaan : Strategi, Tantangan, dan Peluang di Era Digital

Entrepreneurship plays a vital role in global economic progress and is the main path to financial independence and innovation. Amidst the rapid development of technology and rapid changes, new opportunities for entrepreneurs are wide open, but they also have to face various challenges that require wise management. This article reviews five important aspects for entrepreneurs in the digital era. First, the importance of recognizing business opportunities that arise from technological advances and digital market transformation. Second, the implementation of sustainable innovation strategies to remain competitive in the market. Third, managing risks and uncertainties in the digital business world. Fourth, utilizing technology to improve business operational efficiency. Fifth, the importance of creating a strong brand and building customer loyalty in a competitive market. By understanding and implementing these five aspects, entrepreneurs can maximize their potential and achieve sustainable success in the ever-evolving business world.

Giải pháp tích hợp và chia sẻ dữ liệu cho các doanh nghiệp Việt Nam trong thời đại số

The article highlights the importance and challenges of data integration and sharing in improving business operational efficiency, while also contributing to the growth of e-government and the digital economy. Data integration serves as the foundation for data sharing, which in turn optimizes the value derived from data. Despite being key components of the digital transformation process, many businesses in Vietnam have yet to fully acknowledge and implement these practices. Through a comprehensive literature review and expert consultations, the article presents and evaluates current data integration and sharing technologies, and subsequently proposes a detailed process for effective data integration and sharing. This aims to help businesses leverage data more efficiently, support decision-making, and enhance their competitiveness.

DIGITALIZING FINANCIAL RECORD FOR IMPROVING CIOMAS JAYA MSMEs ADVANTAGE COMPETITIVE

The financial aspect is a key factor in business activity process, especially for Micro, Small & Medium Enterprises (MSMEs). Financial management process has a major impact on business sustainability. Generally, MSMEs have financial problems, including (1) less financial understanding, (2) low awareness of financial recording, and (3) the inability to use appropriate digital financial platforms. Based on this reasons, this activities aim to 1) provide education and training on the importance of good and correct MSME financial management according to the needs and interests of each business, 2) educate MSMEs about digital finance, its benefits and advantages for daily business activities, and 3) provide training and assistance on how to use the BukuWarung application as a medium to record and control the financial flow of business processes. The existence of these activities increases the technical capabilities Micro, Small & Medium Enterprises (MSMEs). Technical matters will ultimately increase the productivity and efficiency of business operations and transactions.

Study on the modularization of project operations under the “oil company” model

Abstract A rational and efficient business management and operation model is a prerequisite for the smooth operation of an organization. This study aims to build an intensive and efficient business management model with the characteristics of the “oil company” model. Compared with the traditional business management model, the “oil company” model has significant advantages in terms of organizational structure, communication efficiency, work style and work efficiency, etc. Due to the compression of management levels and the shortening of business chains, the communication efficiency and work efficiency are higher, and the composition of personnel and work style are more flexible. Therefore, based on the theory of the “oil company” and on the idea of compressing management levels and shortening management chains, business management departments should be integrated, streamlined and optimized, and business chains should be sorted out.

Determinants of Government Spending, Its Impact on Public Welfare, and The Role Of Economic Growth: A Literature Review

This study delves into the multifaceted factors that influence government expenditure and its subsequent effects on public welfare, with a particular focus on its impact on economic growth. Government spending plays a pivotal role in shaping economic development, enhancing public welfare, and alleviating poverty. By conducting a systematic literature review, this research methodically evaluates a range of pertinent sources to gain a comprehensive understanding of these dynamics. The findings indicate that strategic government expenditure, particularly in areas such as infrastructure, education, and technology, is instrumental in driving economic growth and improving public welfare outcomes. Investment in infrastructure not only facilitates more efficient business operations but also creates jobs and improves living standards. Similarly, funding education ensures a more skilled workforce, which can foster innovation and productivity. Investments in technology can lead to advancements that spur economic development and enhance quality of life. However, the study also emphasizes that the effectiveness and optimal allocation of government spending are critical factors in realizing these benefits. Effective expenditure strategies, therefore, must be well-planned and targeted. The insights derived from this study provide valuable guidance for policymakers in crafting expenditure strategies that aim to achieve sustainable development and long-term economic stability.

Lean Implementation in Indonesian Small and Medium Enterprises: A Systematic Literature Review

Lean implementation focuses on reducing waste and improving efficiency in business operations, a strategy widely embraced in developed countries. However, its adoption among Indonesian SMEs is limited and lacks adequate research. Understanding how lean practices can effectively enhance competitiveness and productivity in this vital sector of the Indonesian economy is crucial. Despite its widespread use in Western countries, there's a noticeable gap in research specifically examining how lean principles are applied within SMEs, especially in developing countries like Indonesia. Furthermore, there's a clear scarcity of studies detailing the current state of lean implementation in Indonesia, particularly within SMEs. This study conducted a systematic literature review (SLR), thoroughly searching peer-reviewed journals and conference papers. We identified 441 articles related to lean practices in Indonesia, with 40 focusing specifically on SMEs. Through this review, we uncovered key themes and trends in lean implementation, offering valuable insights into current practices and highlighting areas for future research. This paper represents one of the first comprehensive SLRs exploring lean practices within Indonesian SMEs. It aims to deepen our understanding of how lean methodologies impact SME operations in Indonesia and provides practical guidance for researchers and practitioners interested in lean implementation. By bridging these research gaps, we hope to contribute to the body of knowledge on lean implementation in Indonesian SMEs, suggesting strategies for effective implementation and paving the way for further study in this important area.

Pemodelan Kapabilitas UMKM Dalam Perdagangan Hijau Berkelas Dunia : Studi Kasus UMKM Provinsi DI Yogyakarta

Global warming and climate change demand sustainable responses from the business sector, including SMEs, which are now the largest contributors to emissions. SMEs in Indonesia, especially in the DI Yogyakarta Province, have the potential to become key players in world-class green trade. This study aims to investigate the influence of transportation infrastructure, logistics capabilities, and Green Information System on the capabilities of SMEs in the DI Yogyakarta Province in world-class green trade. The study adopts a quantitative approach based on a survey of 225 SME owners in the DI Yogyakarta Province. Purposive sampling technique was selected and analyzed using Partial Least Square-Structural Equation Modelling (PLS-SEM). The results show that transportation infrastructure substantially influences the ability of SMEs' green supply chains and global logistics. The logistics capabilities of SMEs in Yogyakarta have a positive impact on the capabilities of green supply chains. The implementation of GIS has also been shown to enhance the capabilities of green supply chains and international logistics by providing visibility, transparency, and efficiency in business operations. The influence of supply chain capabilities was found to be significantly positive on international logistics. The research findings affirm the crucial role of green supply chain capabilities and international logistics in enhancing the capabilities of SMEs to enter international trade.

Implementation of digital twins as a tool for increasing the efficiency of business operations

ABSTRACT This research aims to evaluate the impact of implementing digital twins on companies’ operational activities in terms of enhancing their efficiency. Research methods include data analytics and visualization to explore the intricacies of creating and utilizing digital twins among high-tech leaders, as well as the correlation between expenses on innovative digital twin solutions and company revenues, followed by clustering to assess the impact of costs associated with the development and implementation of digital twins on enhancing the efficiency of business operational activities. In this context, the research presents a novel approach to measuring the influence of digital twin implementation on the efficiency of operational activities of high-tech companies based on correlation and cluster analysis. The findings indicate that all selected high-tech companies analyzed successfully applied digital twins to enhance their operational efficiency, as evidenced by the high correlation coefficient between expenses on digital twins and company revenues. Cluster analysis, distinguishing between two clusters of leaders and followers in the use of digital twins, allowed for identifying some distinctive characteristics of a leader in digital twin utilization and presenting a vision for transitioning to management based on the digitization of all company business processes.

Supervisory Justice, Trust in Supervisors and Employee Creativity: The Mediating Role of Self-Efficacy

This study examines the relationship between supervisory impartiality, trust in supervisors, and employee creativity within financial enterprises. These factors significantly influence employee morale and efficiency. Our research aims to provide actionable recommendations for optimizing enterprise management through theoretical insights. We first investigate the impact of supervisory justice on employees’ trust in their superiors, finding that fair supervision enhances trust, which in turn boosts employees’ confidence and efficiency at work. Employee creativity is crucial for achieving organizational goals; fostering creativity can lead to more efficient business operations and improved management practices. A key focus of our research is the mediating role of self-efficacy, defined as an employee’s belief in their ability to successfully complete tasks. We explore how self-efficacy bridges the gap between supervisory impartiality, trust in supervisors, and employee creativity. Our findings suggest that a just work environment provided by supervisors enhances employees’ self-efficacy, resulting in greater confidence and a willingness to engage in creative work. In summary, this study explores these relationships within financial firms. By understanding these dynamics, companies can create a fair work environment, enhancing employee satisfaction and efficiency. We recommend that enterprise managers foster a just supervisory environment to boost employees’ self-efficacy and support the achievement of corporate goals.

Digital Technology Adoption as a Game Changer for Community-based Tourism (CBT) Homestay Operators: A Qualitative Investigation

Malaysia’s tourism industry has incorporated digital technology to attract, inform and serve travellers, but its adoption is limited among community-based tourism (CBT) providers. Because of its importance in the tourism industry, exploring the factors that trigger or hinder the adoption of digital technology among CBT operators is essential. A qualitative approach was utilised, and semi-structured interviews were conducted with 35 CBT homestay operators selected through purposive sampling. The study found differences in the perception and usage behaviour of tourism-related technology among homestay operators. They find digital technology has improved their business operation efficiency and revenue performance. By improving internet connectivity and access to digital resources, homestay operators will be better positioned to utilise digital technology effectively, facilitating improved communication and marketing strategies. Besides, implementing targeted training programmes to enhance homestay operators’ digital literacy is crucial. The study also identified specific challenges that hindered homestay operators’ use of digital technology. Study implications and limitations are also discussed.

The driving force: organizational resilience of OKKO network

Learning outcomes After completion of the case study, the students would be able to identify and evaluate organizational culture as a critical element of organizational resilience and assess its fit to the business context, evaluate different elements of organizational resilience and their contribution to business adaptation and develop leadership approaches that help adapt and leverage organizational culture to foster individual, team and organizational resilience. Case overview/synopsis This teaching case covers topics of organizational leadership, including organizational culture and organizational resilience. This case study is appropriate for the postgraduate and executive education programmes. This case study covers the approach to organizational leadership and resilience of the OKKO, a Ukrainian retail petrol station network. The dilemmas considered by top managers of the company emerged in February–April 2022 amid the unfolding Russian invasion of Ukraine. The case study protagonists solved multiple business and organizational dilemmas to continue efficient business operations while allowing the organization to adapt to a complex and fast-changing environment. They leveraged a distinct corporate culture, strong employee engagement and established business processes and management practices to ensure the viability of the business. Complexity academic level This case study is appropriate for postgraduate and executive education programmes. The level of difficulty is light to medium. Recommended pre-requisites are understanding human resources management terminology and reviewing preparation materials. The case study is suitable for teaching courses in leadership, people management and organizational development that cover corporate culture, leadership and organizational resilience. Subject code CSS 6: Human resource management Supplementary materials Teaching notes are available for educators only.

Media influences on corn futures pricing

Abstract Understanding agricultural commodity futures is crucial for efficient business operations. This study employs textual machine learning on 290,271 articles (2009–2020) focusing on corn markets, aiming to model the impact of news on corn futures pricing. Our novel approach enables the identification of seven distinct topics within corn news, offering a comprehensive view of the news coverage spectrum. Soybean biofuel news notably influences corn prices, while exports, weather and wheat news significantly impact pricing uncertainty. These insights deepen our understanding of factors shaping corn futures and highlight machine learning’s potential in agricultural economic analysis, enabling more accurate market predictions and policy decisions.

ЦИФРОВЫЕ ФИНАНСОВЫЕ АКТИВЫ В РОССИИ: ПРАВОВОЕ РЕГУЛИРОВАНИЕ, ОСОБЕННОСТИ, ПЕРСПЕКТИВЫ ПРИМЕНЕНИЯ

В статье рассмотрены особенности цифровых финансовых активов (ЦФА) – качественно новой экономической категории, имеющей значительный потенциал в качестве инструмента инвестирования и финансирования бизнеса. Представлена краткая характеристика правового регулирования ЦФА, необходимая для понимания их сущности и состава входящих объектов. Выявлены основные преимущества, недостатки и возможные перспективы развития ЦФА в России. Introduction. Among the most promising cutting-edge tools that can significantly transform and improve the efficiency of business operations are, first and foremost, artificial intelligence, digital and cloud technologies, distributed ledger technologies, robotization, and many others. The emergence of fundamentally new objects, such as digital rights, including digital financial assets, cryptocurrency and others, necessitates an examination of their economic substance and an evaluation of the opportunities and challenges associated with their practical application. This article aims to present the findings of a study on the economic nature of digital financial assets (DFAs), their legislative and regulatory mechanisms, the benefits and risks they pose, and an analysis of their potential use in Russia. Results. The article focuses on the critical aspects of legal regulation of the new economic categories, including digital rights and DFAs. It uncovers their essence and features and presents various perspectives of specialists on the primary characteristics of DFAs. The article outlines the crucial prerequisites for the development of the global and domestic DFA market (the active use of blockchain technology, widespread use of cryptocurrencies, and global and macroeconomic changes). It provides data on the volume of transactions with DFAs in Russia for 2022-2023 and an evaluation of market growth prospects. The article also presents the main advantages of DFAs, such as investment attractiveness, security and transparency of records entered into the blockchain, the possibility of "splitting" a significant investment asset into parts, the lack of risk of unauthorized changes, and others. It also discusses the challenges of their practical use. The study concludesthat the use of DFAs as a tool for attracting investment (also by medium and small businesses) and financing, with an understanding of their inherent risks, will facilitate effective financial and investment decision-making. It will also assist in the optimization of business processes and interactions with business partners.

Analysing firm-level impacts of high-speed railways on reducing business costs: evidence from China

ABSTRACT Numerous studies have revealed that high-speed railways (HSRs) can efficiently reduce transportation costs for firms and therefore bring more business capacities to firms in regions with HSR services. This paper aims to adopt the difference-in-difference (DID) and PSM (propensity score matching) DID methods to examine the HSR’s causal effects on business costs. The author finds that business costs are significantly reduced due to the operation of HSR lines. Besides, private firms and firms in the secondary and tertiary sectors would experience more reductions of business costs encouraged by the HSR than state-owned and agricultural firms. The placebo test and parallel trend test have proved the feasibility of this study. Finally, this paper provides policy suggestions that the construction of HSR lines needs to be encouraged in order to promote the higher efficiency of business operations for firms and more-balanced spatial business developments in China.