scholarly journals Strategic Sustainability Risk Management in Product Development Companies: Key Aspects and Conceptual Approach

2020 ◽  
Vol 12 (24) ◽  
pp. 10531
Author(s):  
Jesko Schulte ◽  
Carolina Villamil ◽  
Sophie I. Hallstedt
Keyword(s):  
Risk Management ◽  
Product Development ◽  
Radical Change ◽  
Raw Material ◽  
Manufacturing Companies ◽  
Conceptual Approach ◽  
Strategic Risk ◽  
Sustainability Transition ◽  
Micro Level ◽  
Key Aspects

Society’s transition towards sustainability comes with radical change, which entails significant threats and opportunities for product development and manufacturing companies, for example related to new legislation, shifting customer preferences, and increasing raw material prices. Smart risk management therefore plays a key role for successfully maneuvering society’s sustainability transition. However, from a company perspective, it remains challenging to connect the macro-level societal change with tangible risks for the business on the micro level. Based on interviews with academic and industrial experts, this study identified 21 key aspects for sustainability risk management. Drawing on these results and research from the areas of transition design, strategic sustainable development, and sustainability risk management, a conceptual approach for strategic risk management within the sustainability transition is presented. It builds on layered, double-flow scenario modelling in which backcasting from a vision, framed by basic principles for sustainability, is combined with forecasting from the present. The implications of such scenarios, i.e., risks, can then be identified and managed. By doing so on different scales, connections between macro- and micro-level change can be established. Thereby, product development companies shall be supported in making sustainability an intrinsic part of decision-making across the strategic, tactical, and operational levels to increase competitiveness while contributing to the transition towards a sustainable society.

Research on Supplier Collaborative Product Development Mechanism under Condition of Manufacturing Outsourcing

2011 ◽  
Vol 181-182 ◽  
pp. 25-30 ◽  
Author(s):  
Hao Hao ◽  
Bian Zhun
Keyword(s):  
Product Development ◽  
Positive Impact ◽  
Low Cost ◽  
Development Stage ◽  
Raw Material ◽  
Concept Design ◽  
Manufacturing Companies ◽  
Collaborative Product Development ◽  
Trade Surplus ◽  
Manufacturing Outsourcing

The pressure of financial turmoil and global competition drive domestic manufacturers to seek additional profit space besides low-cost labor and raw materials so that they could gain more competitive strength than the other companies in the world. The article maintains that in the manufacturing outsourcing environment domestic manufacturers could effectively reduce cost, shorten R&D cycle time and improve product quality in the manner of collaborative product development with outsourcing suppliers. With supply chain management and synergy theory, the article makes analysis of the definition for supplier collaboration, and then summarizes main activities of collaborative product development including specification, concept design, detail design and product design. Meanwhile, collaborative product development shall satisfy 6 key preconditions. Based on this, the article brings forwards the mechanism of collaborative product development, which is concerned with 5 phased key activities and collaborative manner from customer requirement to initial operational testing. Eventually, predict that collaborative mechanism need to be further analyzed under industry background From the beginning of the 21st century, the variation of macroscopic and microscopic environment that the global industrial field has faced was far fiercer and much more difficult to forecast than ever before. Now mass manufacture can only be accomplished by close cooperate with outsourcing partners, because of the new globalized manufacture network is becoming more and more digitized, decentralized, virtualized, intellectualized and agile. In last few decades, Chinese production has won innumerable outsourcing orders by the advantage in low cost and flexibility, which built a solid foundation of the trade surplus of China. However, in the past two years, because of the financial crisis, RMB appreciation, prices of raw material shy rocketed, and the rigorous quality and service requirement which customers always asked, the profit margin of Chinese manufacturing businesses become much smaller than ever. If these manufacturing companies keep going as before, the existing advantage they have would be soon eroded. Therefore, from ideality of supply collaborative, if these outsourcing companies can build a close relationship actively with their supplies who could significantly affect the total cost of these outsourcing companies, by using the advantages and experience these supplies have, they can design products cooperatively, save cost from the beginning, shot the development stage, and create a significant positive impact on the price and quality of the end products of these outsourcing companies

Methodological bases and practice of risk management of regional development (part 1)

2020 ◽  
Vol 18 (2) ◽  
pp. 114-126
Author(s):  
Valery V. Karpov ◽  
Anna G. Breusova ◽  
Anna A. Korableva
Keyword(s):  
Risk Management ◽  
Regional Development ◽  
Regional Economy ◽  
Full Range ◽  
Risk Identification ◽  
Territorial Development ◽  
Public Authorities ◽  
Strategic Risk ◽  
Risk Committee ◽  
State Programs

The article is devoted to the theoretical foundations and analysis of the experience of subjects of the Russian Federation in the field of regional development risk management. The article examines the concept of risk, its difference and relationship with the concepts of uncertainty, threat, danger, security and others. It is determined that dangers are constantly present in the regional economy. And risk, as a measurable uncertainty with multiple outcomes, for which the probability of occurrence of a risk event is calculated, is manifested as a result of the occurrence of a hazard. When comparing the concepts of risk and security, this means that the security of the regional economy is manifested in the ability to resist threats and manage risks, and not in the complete absence of dangers. It is revealed that ISO standards distinguish between the concepts of risk management and risk management. For further discussion, risk management is understood as a systematic approach to using the full range of mechanisms available to public authorities to reduce emerging risks and threats to the socio-economic development of the region. Further, the analysis of risk management in the practice of regional management on the example of the Omsk, Novosibirsk and Tyumen regions is carried out. The relevant tools in the activities of government bodies, such as territorial development strategies, state programs and projects, were identified, which allowed us to introduce a classification of risks with the allocation of strategic, tactical risks of territorial development and project management risks, among which there is a strategic level. The analysis of the implemented tools for compliance with the mandatory stages of risk management showed mainly the absence of risk identification, unified requirements for risk accounting and systematic risk management of regional development. Among the assessed regions, the Tyumen region has the best practices in terms of risk management. For a more detailed analysis authors highlighted the key institutional and instrumental elements of risk management such as risk committee, strategic risk map, risk register, action plan for risk management, and defined logical relationships between them.

Merging Footwear Design and Functionality

2020 ◽  
Vol 20 (4) ◽  
pp. 372-381
Author(s):  
Suzana Kutnjak-Mravlinčić ◽  
Jadranka Akalović ◽  
Sandra Bischof
Keyword(s):  
Science And Technology ◽  
Raw Material ◽  
Quality Level ◽  
Material Content ◽  
Production Concept ◽  
Wear And Tear ◽  
Similar Appearance ◽  
Key Aspects ◽  
Footwear Design

AbstractFunctionality and appearance are key aspects of good footwear. Developments in recent science and technology offer a wider scope of innovations, contributing to diversity and higher complexity of the production concept of footwear. Contemporary industrial footwear market offers a practically limitless number of new design and fashion solutions, often of quite similar appearance, but with significant differences in quality level, both regarding manufacture, raw material content, durability, and in some special functional finishes. The materials for footwear manufacture are functionalized for functional protective purposes, such as antimicrobial, waterproofing, fire resistant, wear and tear resistant, and recently for some therapeutical purposes. Novelties in material functionalization for the materials built in the footwear are most often promoted and presented on tags and labels and are used as advertisement issues, while some functionalities have become a logo for some brands.

PENGUNGKAPAN MANAJEMEN RISIKO DITINJAU DARI UKURAN PERUSAHAAN, KEPEMILIKAN MANAJERIAL, PROFITABILITAS DAN LEVERAGE (Studi pada Perusahaan Manufaktur yang Tercatat di BEI Tahun 2016-2018)

2020 ◽  
Vol 4 (02) ◽  
Author(s):  
Mohammad Hendro Leksmono
Keyword(s):  
Risk Management ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Managerial Ownership ◽  
Company Size ◽  
Manufacturing Companies ◽  
Analysis Technique ◽  
Research Population ◽  
Quantitative Descriptive ◽  
Management Disclosures

Research purposes were determined the effect of company size, management ownership, profitability, and leverage on risk management disclosures in manufacturing companies listed on the Indonesian Stock Exchange in 2016-2018. The research type is a quantitative descriptive. The research population is manufacturing companies listed on the Indonesian Stock Exchange in 2016-2018. Determination of the sample used purposive sampling technique. The data collection method used the documentation method. The data analysis technique used statistical analysis, namely multiple linear test, F test, and t test. The results how that 1) company size has a positive and significant effect on the risk management disclosure of manufacturing companies listed on the Indonesia Stock Exchange in 2016-2018; 2) managerial ownership has no significant effect on the risk management disclosure of manufacturing companies listed on the Indonesia Stock Exchange 2016-2018; 3) profitability has no significant effect on the risk management disclosure of manufacturing companies listed on the Indonesia Stock Exchange in 2016-2018; 4) Laverage has a significant effect on the risk management disclosure of manufacturing companies listed on the Indonesia Stock Exchange 2016-2018; and 5) Company size, managerial ownership, profitability, and leverage simultaneously have a significant effect on the risk management disclosure of manufacturing companies listed on the Indonesia Stock Exchange in 2016-2018. Keywords: company size, managerial ownership, profitability, leverage, risk management disclosure.

scholarly journals CREATION OF DIGITAL TWINS - KEY CHARACTERISTICS OF PHYSICAL TO VIRTUAL TWINNING IN MECHATRONIC PRODUCT DEVELOPMENT

2021 ◽  
Vol 1 ◽  
pp. 781-790
Author(s):  
Carolin Sturm ◽  
Michael Steck ◽  
Frank Bremer ◽  
Sven Revfi ◽  
Thomas Nelius ◽  
...  
Keyword(s):  
Product Development ◽  
Data Acquisition ◽  
Industrial Application ◽  
Model Integration ◽  
Virtual Models ◽  
Digital Twins ◽  
Key Characteristics ◽  
Key Aspects ◽  
Computational Resources ◽  
Depth Interviews

AbstractDue to the falling costs of computational resources and the increasing potential of data acquisition, interest in digital twins, a virtual copy of the physical original, and their industrial application is increasing. Nevertheless, there is limited published work on how to support the process of physical to virtual twinning and what its key aspects are. The aim of this study is to present insights with regards to physical to virtual twinning gained from modelling projects in mechatronic product development. We conducted a survey and in-depth interviews with members of modelling projects. In the surveys and interviews we identified how physical products and virtual models were linked, which virtual models were used and which general challenges and key aspects are considered important by the project members. Our findings show that the key characteristics that pose challenges to modelling regarding physical to virtual twinning are model granularity, model validation, and model integration and interconnectivity.

Firm Characteristics and Total Factor Productivity: Evidence from Indian Manufacturing Firms

2017 ◽  
Vol 11 (1) ◽  
pp. 77-98 ◽  
Author(s):  
Lopamudra D. Satpathy ◽  
Bani Chatterjee ◽  
Jitendra Mahakud
Keyword(s):  
Total Factor Productivity ◽  
Ordinary Least Squares ◽  
Jel Classification ◽  
Raw Material ◽  
Firm Characteristics ◽  
Manufacturing Companies ◽  
Factor Productivity ◽  
Size Of Firms ◽  
Specific Factors

Measurement of the productivity of firms is an important research issue in productivity literature. Over the years, various methods have been developed to measure firm productivity across the globe. But there is no unanimity on the use of methods, and research on the identification of factors which determine productivity has been neglected. In view of these gaps, this study aims to measure total factor productivity (TFP) and tries to identify firm-specific factors which determine productivity of Indian manufacturing companies. The study is based on data of 616 firms from 1998–99 to 2012–13. To measure TFP, the Levinsohn–Petrin (L-P) method has been employed, and the fully modified ordinary least squares (FMOLS) method has been used to identify factors that affect TFP. The results reveal that embodied and disembodied technology plays a crucial role in the determination of productivity overall in manufacturing and other sub-industries. Similarly, the size of firms and intensity of raw material imports are also important for the determination of productivity across the sub-industries. JEL Classification: C14, C33, D24, L60

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