scholarly journals Identifying the root causes for inventory accumulation and prioritizing them using an MCDM-based TOPSIS approach

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Lakshman Singh Negi ◽  
Yashomandira Kharde
Keyword(s):  
Data Collection ◽  
Survey Data ◽  
Labor Productivity ◽  
Research Paper ◽  
Disruptive Effect ◽  
Storage Space ◽  
Content Type ◽  
Forecasting Error ◽  
Depth Analysis ◽  
Inventory Accumulation

PurposeInventory accumulation is a major problem for any organization, as it not only occupies the valuable storage space, but it also blocks the company's capital, leaving the owners with less cash to run the company's business. Aggregation of inventory in any organization contributes to inventory carrying cost; it affects labor productivity, increases equipment expenses and creates a loss of opportunity associated with it. Therefore, it is essential for any organization to come up with a solution to deal with the stockpile of inventory.Design/methodology/approachThis research aims to examine the potential causes of inventory aggregation in an organization. First, the potential factors for the build-up of inventory are identified from survey data collection, such as questionnaire approach and discussion with industry experts, and then weights are assigned to attributes to study the effects for these factors. After the identification of probable causes, they are analyzed through a multi-criterion decision-making (MCDM) approach and the technique for order of preference by similarity to ideal solution (TOPSIS) to prioritize the severity of these causes toward the accumulation of inventory and take corrective actions to prevent their disruptive effect on the business.FindingsThe top three causes identified from the TOPSIS analysis are sales and forecasting error, defects and quality related issues and communication gap between departments. Firstly, we focus on these major contributors and prioritize them using the TOPSIS analysis. Then, we proceed further toward other factors. The main reasons identified for the accumulation of inventory are (1) forecasting error, (2) bulk purchase, (3) data entry error, (4) communication gaps, (5) quality-related issues, (6) product category not traceable and (7) wrong material being procured.Research limitations/implicationsTo carry out the data analysis in this research paper, first survey data collection is done. Then, discussions with managers and executives in the particular domain are carried out, and weights are assigned to the attributes and the criteria to study the effects of the identified factors. After that root cause analysis (RCA) is performed to get to the genesis of the problem and to take necessary corrective action, for carrying out this study, a total of seven potential causes were identified and the contribution of these seven causes on five attributes or criteria, i.e. quantity (in tons), holding and carrying cost, effect on labor productivity, loss of opportunity cost and storage space were studied.Originality/valueThis research paper is the author’s original work, and all the analyses carried out are from the discussion with experts in the field and through the in-depth analysis carried out. This research aims to examine the potential causes of the accumulation of inventory in organizations and their contribution toward factors like inventory carrying cost, labor productivity, and opportunity loss and excessive storage space have been analyzed. This research provides great value to the readers in the respective domain.

scholarly journals Prioritizing the reasons for non-moving inventory accumulation in FMCG industry: A MCDM based TOPSIS Approach

2021 ◽  
Vol 58 (2) ◽  
pp. 6346-6350
Author(s):  
Lakshman Singh Negi, Yashomandira Kharde
Keyword(s):  
Opportunity Cost ◽  
Productivity Loss ◽  
Disruptive Effect ◽  
Storage Space ◽  
Preventive Actions ◽  
The People ◽  
Slow Moving ◽  
Topsis Approach ◽  
And Storage ◽  
Inventory Accumulation

Generation of Non-moving inventory (NMI) in any industry is an annoyance for the people involved, as it occupies the storage space that is limited and also blocks company’s capital that gets stuck in the form of material cost. These Non-moving inventory, if identified at earlier stage can be beneficial for any business, as some preventive actions can be taken to prevent its distressing affect. This generally starts with a slow moving inventory and then gradually translate to Non-moving inventory. This research aims to examine the potential causes for the accumulation of Non-moving inventory in the FMCG industry and their contribution towards the factors like Inventory carrying cost, Quantity left over in inventory, effect on labor productivity, loss of opportunity cost and storage space have been analyzed. The causes for generation of NMI are identified from survey data collection such as questionnaire approach and discussion from industry experts and managers working in different FMCG industries. After the identification of probable causes for non-moving inventory creation, they are analyzed through a Multi-criterion decision making (MCDM) approach, TOPSIS to find out the major contributor for the NMI in the FMCG industry. With the help of MCDM tool, TOPSIS we then prioritize the potential causes and take corrective actions to prevent their disruptive effect on the business.  

Movement for Sustainable Development through Green Economics

2016 ◽  
Vol 3 (01) ◽  
Author(s):  
Rakesh Rangwani
Keyword(s):  
Sustainable Development ◽  
Environmental Economics ◽  
Public Awareness ◽  
Research Paper ◽  
Green Economy ◽  
Agenda 21 ◽  
Secondary Sources ◽  
Depth Analysis ◽  
The World ◽  
Heads Of State

Despite substantial improvements over the past 23 years in many key areas of sustainable development, the world is not on track to achieve the goals as aspired to in Agenda 21, adopted in Rio de Janeiro in 1992, and reiterated in subsequent world conferences, such as the World Summit on Sustainable Development held in Johannesburg in 2002. While there have been some achievements in implementing Agenda 21, including the implementation of the chapters on “Science for Sustainable Development” and on “Promoting Education, Public Awareness and Training”, for which UNESCO was designated as the lead agency, much still remains to be done. This decade had seen the idea of a “green economy” float out of its specialist moorings in environmental economics and into the mainstream of policy discourse. It is found increasingly in the words of heads of state and finance ministers, in the text of G20 communiqués, and discussed in the context of sustainable development and poverty eradication. The research paper focused to establish a relationship between sustainable development and green economics. The research paper is descriptive and analytical in nature. The data collected from secondary sources such as report from niti aayog, IMF indicators, RBI reports, newspapers, journals. The research design was adopted to have greater accuracy and in depth analysis of the research study. The statistical tools for the analysis are also being used.

scholarly journals Professional activists? Party activism among political staffers in parliamentary democracies

2021 ◽  
pp. 135406882110273
Author(s):  
Pieter Moens
Keyword(s):  
Theoretical Model ◽  
Survey Data ◽  
High Intensity ◽  
Supply And Demand ◽  
Parliamentary Democracies ◽  
Coalition Governments ◽  
Depth Analysis ◽  
Strong Commitment ◽  
Staff Recruitment

Although the position of the party on the ground has been weakened by cartelization, grassroots activists remain an important recruitment pool for political professionals. Based on unique survey data collected among the staff of 14 Belgian and Dutch parties (N = 1009), this article offers an in-depth analysis of party activism among this under-researched population. Introducing a new supply and demand framework, I argue that staff recruitment is shaped by candidate preferences (supply) and party preferences (demand). The findings demonstrate that most political staffers are high-intensity activists with a strong commitment to their party. Moreover, the theoretical model accurately predicts that non-activists are more common among policy and communication experts, ministerial staff, and those working for ideologically moderate parties. These findings show that paid staffers do not necessarily widen the gap between parties and activists. They also raise normative questions about internal congruence within parties in coalition governments.

Enhancing Survey Data Collection Among Youth and Adults

2004 ◽  
Vol 22 (5) ◽  
pp. 255-265 ◽  
Author(s):  
JAMES A. BOBULA ◽  
LORI S. ANDERSON ◽  
SUSAN K. RIESCH ◽  
JANIE CANTY-MITCHELL ◽  
ANGELA DUNCAN ◽  
...  
Keyword(s):  
Data Collection ◽  
Survey Data

Risk perception and awareness of earthquake: the case of Dhaka

2019 ◽  
Vol 10 (1) ◽  
pp. 65-82 ◽  
Author(s):  
Mohammad Lutfur Rahman
Keyword(s):  
Risk Perception ◽  
Data Collection ◽  
Seismic Risk ◽  
Public Awareness ◽  
Content Type ◽  
Earthquake Preparedness ◽  
Level Of Knowledge ◽  
Seismic Risk Perception ◽  
The Many ◽  
And Behavior

Purpose Among the many studies about risk perception, only a few deal with Bangladesh. Paul and Bhuiyan’s (2010) study has shown the earthquake-preparedness level of residents of Dhaka, but there are some biases in the data collection. This paper aims to examine the seismic-risk perception and the level of knowledge on earthquake and preparedness among the residents of Dhaka. Design/methodology/approach A questionnaire was developed, and data collection was undertaken through home and sidewalk surveys. This paper investigates how attitude, perception and behavior differ depending on gender, age, education and casualty awareness. This research tries to examine and make a comparison of the risk perception and preparedness level between different groups of gender, age and level of education. Findings This research shows that female respondents have a much better risk perception of and are better prepared for earthquakes than male respondents; younger people have a higher knowledge about earthquake preparedness than older people and less-educated people are at a higher risk of unpreparedness than more-educated people. Research limitations/implications This research is only limited to the Dhaka Division. Originality/value This paper concludes by noting that public awareness on seismic-risk perception and mitigation is poor, and their knowledge on basic theory and emergency response must be improved.

Tata Wiron: branding galvanized wires

2015 ◽  
Vol 5 (7) ◽  
pp. 1-8
Author(s):  
Vijay Pundalik Bhangale ◽  
Maithili Prashant Dhuri
Keyword(s):  
Learning Outcomes ◽  
Market Segmentation ◽  
Value Chain ◽  
Far East ◽  
Commodity Market ◽  
Content Type ◽  
Steel Wires ◽  
Wide Range ◽  
Major Player ◽  
Depth Analysis

Subject area Marketing. Study level/applicability MBA Marketing Class. Case overview The case describes the transition of a “Galvanized Wires Business of Tata Steel” into a unique identity, the'Tata Wiron' brand. It focuses on key stages in this journey, including “Understanding the Customers in Galvanized Wires Business”, “Value Chain”, “Challenges Faced”, “Need for Branding”, “Market Segmentation”, “Competition”, “Process of Branding”, “Differentiation”, “Distribution & Sales” and “Promotion”. Tata Steel Wires Business is a major player in the steel wire industry, servicing the discerning needs of its customers across global markets and the leading producer of steel wires in India. A wealth of experience and expertise in the wire industry coupled with latest technology incorporations has enabled Tata Steel Wires Division to constantly meet the most exacting specifications and requirements of its customers. It manufactures a wide range of wires catering to the needs of various industry segments, such as automobile, infrastructure, power and general engineering. The products are well established across the markets of Europe, the USA, Middle East Asia, Australasia, South Asia and Asia and the Far East. Expected learning outcomes The expected learning outcomes are as follows: understanding how in-depth analysis of the competition and value chain establishes the need for branding in a commodity market; understanding how consumer insights help in market segmentation and targeting; and building a brand in commodity market. Supplementary materials Teaching notes are available for educators only. Please contact your library to gain login details or email [email protected] to request teaching notes.

What would I change the next time? A confessional tale of in‐depth qualitative data collection

2012 ◽  
Vol 12 (1) ◽  
pp. 98-110 ◽  
Author(s):  
Claire Smith
Keyword(s):  
Data Collection ◽  
Design Methodology ◽  
Qualitative Data ◽  
Content Type ◽  
Qualitative Data Collection

PurposeThe purpose of this paper is to discuss how fieldwork impacted the author's own and one participant's positioning; the author's reflexivity, experiences and feelings of alterity; the participant's performances and conversations between the author and participant.Design/methodology/approachThe author uses a confessional tale to describe the time spent with the participant and confesses how it impacted on the author as the researcher. The author examines her biases, feelings, and vulnerabilities, and explores some of the methodological and positioning issues with which she struggled.FindingsThe author ponders on what she learned while being in such close quarters with a participant and discusses what she should keep in mind about herself as the researcher during subsequent data collection forays. Researchers should know themselves well before attempting such closeness because when we are researchers, we can’t change who we are as people.Originality/valueIt is believed that the extreme researcher/participant closeness was unique but was, at the same time, an extremely useful form of data collection.

scholarly journals Love Thy Neighbor? Relationships between Religion and Racial Intolerance in Europe

2015 ◽  
Vol 8 (4) ◽  
pp. 745-771 ◽  
Author(s):  
Stefanie Doebler
Keyword(s):  
Multilevel Modeling ◽  
Survey Data ◽  
Religious Practice ◽  
Religious Conflict ◽  
European Survey ◽  
Depth Analysis ◽  
Life Force ◽  
Neighbor Relationships ◽  
Racial Intolerance

AbstractThis article examines relationships between religion and racial intolerance across 47 countries by applying multilevel modeling to European survey data and is the first in-depth analysis of moderation of these relationships by European national contexts. The analysis distinguishes a believing, belonging, and practice dimension of religiosity. The results yield little evidence of a link between denominational belonging, religious practice, and racial intolerance. The religiosity dimension that matters most for racial intolerance in Europe is believing: believers in a traditional God and believers in a Spirit/Life Force are decidedly less likely, and fundamentalists are more likely than non-believers to be racially intolerant. National contexts also matter greatly: individuals living in Europe's most religious countries, countries with legacies of ethnic-religious conflict and countries with low GDP are significantly more likely to be racially intolerant than those living in wealthier, secular and politically stable countries. This is especially the case for the religiously devout.

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