scholarly journals Effects of zero defects approach-a case study at an Indian industry

2018 ◽  
Vol 7 (2.21) ◽  
pp. 367
Author(s):  
K Karunakaran ◽  
R Saravanan ◽  
P Venkumar ◽  
R Sridha
Keyword(s):  
Value Added ◽  
Efficient Solutions ◽  
Raw Material ◽  
Success Story ◽  
Total Productive Maintenance ◽  
Quality Cost ◽  
Scientific Approach ◽  
The Cost ◽  
Quality Tools

Quality is free when reaches zero defects, quality is measured various aspects. The rework is carried out when the product finish not up to the standard, which added additional expenditure. On other side if there is no chance for rework the cost of raw material and value added cost up to that non conformity is lost. This work shares a success story and reveals a systematic scientific approach to reach zero defects. The case study conducted in the leading supplier who focuses on climate and energy efficient solutions. The traditional powerful quality tools employed to focus, understanding and analyse the problem. The Decision support system preferred and adopted to solve the problem with affordable cost. The outcomes of this work measured in terms of modern Total Productive Maintenance style that is in terms of Productivity, Quality, Cost, Delivery, Safety, Motivation and Morale (PQCDSM). The results in all the way found more significant. 

scholarly journals The Role of Technology in Financial Inclusion-A Case Study Mobile Money Penetration in Ghana

2021 ◽  
Vol 8 (4) ◽  
pp. 19-34
Author(s):  
Samuel Nii Attoh Abbey
Keyword(s):  
Value Added ◽  
Financial Inclusion ◽  
Mobile Money ◽  
Face To Face ◽  
Platform As A Service ◽  
The Cost ◽  
Audit Trails ◽  
Game Changer

With the flagship success of M-Pesa, mobile devices have become an important tool to facilitate the financial inclusion of the previously unbanked population in developing countries. Following the success of M-Pesa in Kenya in 2007, mobile money technologies became widespread across Africa. Beginning in 2009, Ghana experienced exceptional adoption of Mobile Money technology. Many studies have examined the influence of mobile money on financial inclusion from a variety of perspectives, and many have concluded that mobile money is a game-changer in this regard. The Mobile Money concept has evolved based on introducing the other value-added services such as microloans, savings, and insurance portfolios. The researcher used a questionnaire and a face-to-face interview to obtain qualitative data for this study. Together with other research, the statistics revealed that Mobile Money transactions in Ghana had more than tripled since it became the most popular payment method. Over the last year, the platform as a service has created over 140,000 jobs and has shown to be the safest channel. It has several advantages, including lowering the cost of printing and keeping cash on hand, as well as decreasing fraud because the technology underlying it gives appropriate audit trails to prevent fraud and boost economic growth.

scholarly journals Value Chain Analysis of Fish in Meghalaya: A Case Study in East Khasi Hills District

2021 ◽  
Vol 66 (3) ◽  
Author(s):  
Ram Singh
Keyword(s):  
Value Chain ◽  
Value Added ◽  
Value Chain Analysis ◽  
Value Addition ◽  
Fermented Fish ◽  
Chain Analysis ◽  
Net Profit ◽  
The Cost ◽  
Fish Marketing

This study on ‘Value Chain Analysis of Fish in Meghalaya: A case study in East Khasi Hills district’ has been conducted in 2020-21 with specific objectives (1) To map the actors involved in the value chain of fish business. (2) To estimate the value addition in fish marketing by the value chain actors. The value chain actors were identified and the structure of the value chains was mapped. The study revealed that the most commonly followed method of value addition of fish in the study area are fermenting, drying and smoking. The cost incurred for making fermented fish was observed to be ` 21.50/kg, ` 16.50/kg for dry fish and ` 37.50/kg for smoked fish. Additionally, net profit was found to be highest in value-added fish than compared to fresh ones. Therefore, value addition should be encouraged among fish farmers to increase net profit.

scholarly journals A PROPOSED CASE STUDY FIELD RESEARCH METHODOLOGY TO TEST COST DRIVERS: AN EXAMPLE OF PROPOSED FIELD STUDY AT A NUCLEAR MEDICINE UNIT

2021 ◽  
pp. 123-129
Keyword(s):  
Nuclear Medicine ◽  
Research Methodology ◽  
Value Added ◽  
Field Research ◽  
Cost Driver ◽  
Cost Drivers ◽  
Managerial Decisions ◽  
Industry Research ◽  
The Cost

This paper illustrates how to use case study method to conduct the cost driver research at hospitals by identifying activity-based cost drivers at the nuclear medicine unit (NMU) of a teaching hospital. I argue that recognizing the activity-based cost could improve the accuracy of estimating costs by identifying the underutilized resources and value-added and non-value-added cost drivers, to reduce non-value-added costs; thereby, facilitating the management to make better informed managerial decisions (e.g., improving pricing practices and using resources more efficiently). Therefore, I believe that this study may provide a useful inference to hospitals to improve the quality and quantity of the service, which they (or would) provide. Furthermore, this paper possibly provides an informative research methodology for researchers by showing how to extend the current literature by applying the same cost analysis research model on a different dataset for the health care industry research.

scholarly journals The Pharmaceutical Firms of Pakistan: An Overview of Multidimensional Performance

2021 ◽  
Vol Volume 4 (Issue 3) ◽  
pp. 251-266
Author(s):  
Dr. Majid Ali ◽  
Dr. Gulam Sarwar ◽  
Dr. Abdul Saboor
Keyword(s):  
Pharmaceutical Industry ◽  
Cost Efficiency ◽  
Allocative Efficiency ◽  
Value Added ◽  
Raw Material ◽  
Factors Affecting ◽  
Pharmaceutical Firms ◽  
Single Output ◽  
Using Data ◽  
The Cost

The pharmaceutical industry of Pakistan is now meeting around 80% of total domestic demand with an annual11% growth rate. But the question arises as to whether the firms produce efficiently? The paper measures cost efficiency of the pharmaceutical industry of Punjab using Data Envelopment Analysis (DEA) for the period of 2014-15. The factors affecting the cost efficiency is also determined by using Tobit method. In first stage, value added is used as single output and number of employs, raw material, and cost of salary are as inputs. The result suggested that the cost efficiency of the pharmaceutical firms is 27.7% which is determined by 46% technical efficiency (TE) and 60.8% allocative efficiency (AE). It means wastage of resources is cost increasing factors in these firms. In the second stage, among the variables i.e. firm’s market share, firm’s Herfindahl-Hirschman Index (HHI) of market concentration, values of assets, energy, Herfindahl-Hirschman Index has strong positive effect on cost efficiency.

scholarly journals The case for urban and reclaimed wood in the circular economy

BioResources ◽  
2020 ◽  
Vol 15 (3) ◽  
pp. 5226-5245
Author(s):  
Anna R. Pitti ◽  
Omar Espinoza ◽  
Robert Smith
Keyword(s):  
Circular Economy ◽  
Urban Areas ◽  
Value Added ◽  
Production Quality ◽  
Raw Material ◽  
Waste Products ◽  
Online Sales ◽  
Emotional Value ◽  
Trade Shows

Circular economy production, or upcycling of traditional waste products, has evolved in alignment with consumer driven accountability and demand for environmentally friendly alternatives. In recent years, industries have emerged to upcycle materials for value-added production. This paper presents case study interview results used to gather information about current marketing practices within the urban and reclaimed wood industries, which upcycles trees felled in urban areas and wood generated through construction and demolition. Firms reported entering the industry for a variety of reasons, most frequently surrounding intangible raw material and product attributes. Interviewees reported generating primarily made-to-order products, made-to-stock furniture, mantels, slabs, lumber, beams, flooring, millwork, and other products priced largely in line with their competition. Promotion consisted primarily of word of mouth, company webpages, social media, and event participation, such as craft fairs or trade shows. Firms relayed messages of sustainability, local production, quality, and emotional value. Companies primarily participate in direct, retail, or online sales, which have become increasingly prevalent. This paper outlines opportunities to explore, as well as barriers to overcome through examination of strengths, weaknesses, opportunities, and threats present in the internal and external environments of the urban and reclaimed wood industries.

scholarly journals The Effect of the Covid-19 on the Automotive Supply Chains

2020 ◽  
Vol 65 (2) ◽  
pp. 1-11
Author(s):  
Beáta Sz.G. Pató ◽  
Márk Herczeg
Keyword(s):  
Supply Chains ◽  
Value Added ◽  
Raw Material ◽  
Material Supply ◽  
Recent Outbreak ◽  
High Level ◽  
Automotive Supply ◽  
Relationship Of ◽  
Global And Local

AbstractSecuring the high level of performance of the supply chains is a difficult task. The harmonization of different interests, the coordination of the raw material supply and information flow, the cooperation of the partners, forging and maintaining a relationship of trust are challenging even in an ideal world in order to meet the customer demands. The recent outbreak of the COVID-19 presents the members of the supply chains with extreme challenges. Because of the epidemic, the value added activities of the supply chains are getting even more importance. It became clear that the different supply chains connect the whole economy in a global and local scale as well. The choice of the inventory and organizational strategy is a key aspect in a crisis like this. The aim of this study is to present the current challenges and their viable solutions in order to check the possibilities to maintain the operation of the supply chains even in this difficult economic and social period using an automotive case study as an example.

Johnsonville Sausage LLC: finding new opportunities beyond the pork commodity markets

2019 ◽  
Vol 15 (3) ◽  
pp. 181-198
Author(s):  
Keith D. Harris
Keyword(s):  
Undergraduate Students ◽  
New Ventures ◽  
Public Information ◽  
Value Added ◽  
Secondary Data ◽  
Commodity Markets ◽  
Raw Material ◽  
Total Production ◽  
Content Type ◽  
The Cost

Theoretical basis This case used the interplay between individuals, firms and markets to examine how a company sustained success from its value adding activities. The theory of value creation was demonstrated by the leader’s ability to configure the firm’s tangible and intangible resources to create opportunities beyond the commodity markets. Also, what matters were not just the technical processes of developing value-added products, but how the company’s culture served as a link to new products, new markets and new ventures. Research methodology The case was based on primary and secondary sources. The primary sources face-to-face semi-structured recorded interviews with the protagonist at the company’s headquarters. The secondary data were from the company’s website, and public information about Johnsonville Sausage LLC. Supplemental information was gathered from market research firms. No names have been disguised. The case has been classroom tested with undergraduate students in a capstone course. The author has no personal relationship with the company. Case overview/synopsis Kevin Ladwig, Vice President, was concerned by the expanded production of ethanol, an attractive supplement to gasoline in the USA. Because most ethanol is processed from corn, expanded production of ethanol heightened the demand for corn. Since corn is a staple feed ingredient for animals, heightened demand for corn increased the cost of Johnsonville’s raw material – hogs. In fact, the cost of feed was Johnsonville’s major economic input in animal production from farrow to finish, accounting for up to 70 percent of the total production cost of hogs. The case introduces the nexus of food and energy markets and how the “Johnsonville Way” was used to convert an old idea into an innovation. Complexity academic level This case is appropriate for undergraduate and graduate courses in business and agribusiness management. It would also be appropriate for courses using concepts in innovation and organizational culture.

scholarly journals Practical Application of Plan–Do–Check–Act Cycle for Quality Improvement of Sustainable Packaging: A Case Study

2020 ◽  
Vol 10 (18) ◽  
pp. 6332
Author(s):  
Vi Nguyen ◽  
Nam Nguyen ◽  
Bastian Schumacher ◽  
Thanh Tran
Keyword(s):  
Quality Improvement ◽  
Packaging Material ◽  
Product Packaging ◽  
Continuous Quality ◽  
Pdca Cycle ◽  
Sustainable Packaging ◽  
Packaging Cost ◽  
The Cost ◽  
Quality Tools

The research aims to give practical instructions for applying Plan–Do–Check–Act (PDCA) cycle in a packaging process. Eco-friendly, recycled material and a new packaging method for quality improvement and cost efficiency of heavily fragile product packaging are studied in this paper. A case study was conducted at GPEM laboratory, Vietnamese German University, Vietnam. In this case study, the current packaging style with Styrofoam material was analyzed and replaced by new packaging material and methods after applying the PDCA cycle for continuous quality improvement. Targets of the research were to find the new packaging method using friendly environment materials, to improve the quality, and to reduce the defect ratio due to packaging for fine-stone round surface fountains. Moreover, the extra cost should not be higher than 20% compared with the current packaging cost. The article proposes a simplified way that focuses on the combination of quality tools in the PDCA multiple phases to solve these problems. The quality tools are applied effectively through the PDCA cycle from collecting data, defining, analysis, testing, evaluation, and making decisions. New packaging design was been produced and tested successfully. One hundred percent of new packaging boxes for the mid-weight fountains (under 15 kg) passed the dropping test condition. Nearly 10% of the heavier weight products (above 15 kg) still had some small cracks on their top and bottom due to drop tests. Another PDCA cycle is recommended to continue applying for achieving a thorough solution. The conducted results show that PDCA is an effective method to tackle the damage product issue due to inappropriate packaging material and technique. It also brings good solutions for balancing sustainable packaging improvement and reducing the cost to ensure profit for companies. Besides contributing a guide reference for PDCA deployment, the authors intend to inspire practitioners and researchers to broaden exploration of the PDCA applications for sustainable packaging methodology. The research analysis shows that the PDCA methodology should be applied for defect reduction and quality enhancement in the packaging field. The field currently lacks systematic guidance for continuous improvement.

Thermoplastic Vulcanizates/Recycled Polypropylene Blend for Automotive OEM

2017 ◽  
Vol 757 ◽  
pp. 29-34 ◽  
Author(s):  
Rungsima Yeetsorn ◽  
Thitinun Ungtrakul ◽  
Kotchaporn Jariyakun ◽  
Walaiporn Prissanaroon-Ouajai ◽  
Costas Tzoganakis
Keyword(s):  
Mechanical Properties ◽  
Value Added ◽  
Raw Material ◽  
Manufacturing Cost ◽  
Test Results ◽  
Recycled Polypropylene ◽  
Thermoplastic Vulcanizates ◽  
Twin Screw ◽  
High Manufacturing Cost ◽  
The Cost

An original equipment market (OEM) in Thailand mainly imports thermoplastic vulcanizates (TPV) from abroad that leads to a high manufacturing cost. To reduce the cost and to create value-added products from a plastic scrap, therefore, this research aim is to observe a possibility of using TPV and recycled polypropylene (rPP) blends as a raw material for OEM. The blends with various rPP loadings were successfully prepared through a traditional twin-screw extruder. Proportions between TPV and rPP were adjusted to determine the optimal flow and mechanical properties for productions of different auto parts. The blends were tested for studying rheology and mechanical properties: tensile; hardness; flexural; and creep behavior. All tests resulted in discussions about the feasibility of using TPV/rPP blends with respect to auto part specifications in real applications. Test results suggested that the TPV/rPP blends meet the requirements of specific automotive applications. Thermal property and morphological analysis were also carried out to have more understanding about changes in mechanical properties.

Analysis Of Non Value Added Activity On Ship Production Process Approach Concept Of Value Stream Mapping Case Study At PT. Dumas Tanjung Perak Shipyard Surabaya

2017 ◽  
Vol 11 (1) ◽  
pp. 23-30
Author(s):  
An Apriyani Tebiary ◽  
I Ketut Suastika ◽  
Buana Ma'ruf
Keyword(s):  
Production Process ◽  
Value Added ◽  
Mapping Method ◽  
Value Stream Mapping ◽  
Quality Cost ◽  
Shipbuilding Industry ◽  
Value Stream ◽  
A Value ◽  
Production Effectiveness

Competition of shipyard industry market in this globalization era encourages companies to realize the importance of improving the effectiveness and efficiency so that, able to compete in terms of quality, cost and on time delivery. Production effectiveness is one effort that must be achieved by a shipbuilding industry to survive amid the competition in seizing market share. Production effectiveness is done with the aim of producing economically, continuously and on time to the customer, so that the company's survival can be guaranteed. This study aims to identify the activities that are classified as waste in the process of ship building at PT. Dumas Tanjung Perak Shipyard Surabaya so as to minimize production time in shipyard industry. The results showed the effectiveness of PT. DUMAS currently reaches 84.96%. In the process of improvement with the application of value stream mapping effectiveness value reached 92%. The conclusion of this research is a value stream mapping method can be applied measuring instrument and can describe the flow of production process in shipyard so that can explain in detail activity that give value added or non value added activity.

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