RFID-Based Optimization Method for Inventory Control Strategy

2010 ◽  
Vol 34-35 ◽  
pp. 1983-1987
Author(s):  
You Bo Wu ◽  
Yi Tao ◽  
Xiao Hong Pan ◽  
Peng Cheng Wu
Keyword(s):  
Inventory Control ◽  
Small And Medium Enterprises ◽  
Market Competition ◽  
Optimization Method ◽  
Stock Management ◽  
Inventory Cost ◽  
Logistics Cost ◽  
Manufacturing Enterprises ◽  
Management Optimization ◽  
Medium Enterprises

As the market competition became more fiercely and the customers’ needs of diversified products increased, small and medium enterprises (SME) were more and more aware of the importance of getting quick respond of the market. More and more enterprises felt the logistics cost pressure during this business. How to lower down the logistics cost especially the stock cost became crucial for these SME enterprises. Further more, for enterprises whose producing type is many varieties small batches, how to use valid method to decline inventory and waste, is a great hard nut to crack. This article targeted on inventory control of clothing manufacturing enterprises for research, RFID technology was applied in stock management, optimization method was adopted for inventory control based on RFID, optimization control model was built, and the route for declined inventory cost and waste was analyzed. Finally, the application method was verified according emulation.

RFID-Based Optimization Method for Inventory Control Strategy

2010 ◽  
Vol 34-35 ◽  
pp. 1149-1153 ◽  
Author(s):  
You Bo Wu ◽  
Yi Tao ◽  
Xiao Hong Pan ◽  
Peng Cheng Wu
Keyword(s):  
Inventory Control ◽  
Small And Medium Enterprises ◽  
Market Competition ◽  
Optimization Method ◽  
Stock Management ◽  
Inventory Cost ◽  
Logistics Cost ◽  
Manufacturing Enterprises ◽  
Management Optimization ◽  
Medium Enterprises

As the market competition became more fiercely and the customers’ needs of diversified products increased, small and medium enterprises (SME) were more and more aware of the importance of getting quick respond of the market. More and more enterprises felt the logistics cost pressure during this business. How to lower down the logistics cost especially the stock cost became crucial for these SME enterprises. Further more, for enterprises whose producing type is many varieties small batches, how to use valid method to decline inventory and waste, is a great hard nut to crack. This article targeted on inventory control of clothing manufacturing enterprises for research, RFID technology was applied in stock management, optimization method was adopted for inventory control based on RFID, optimization control model was built, and the route for declined inventory cost and waste was analyzed. Finally, the application method was verified according emulation.

Based on CIMS Application of Small and Medium-Sized Enterprise Information System Integration

2014 ◽  
Vol 912-914 ◽  
pp. 1177-1180
Author(s):  
Yao Hua Wu
Keyword(s):  
Information Integration ◽  
System Integration ◽  
Small And Medium Enterprises ◽  
Market Competition ◽  
Rapid Development ◽  
Enterprise Information System ◽  
Enterprise Information ◽  
Integration System ◽  
Manufacturing Enterprises ◽  
Medium Enterprises

With the rapid development of market economy, enterprises face more intense market competition, especially manufacturing enterprises face huge challenges. How to shorten product time to market, improve product quality, reduce costs and provide high quality service is the enterprise in competition at the core of the problem. The development of CIMS conform to the trend of the development of manufacturing and computer today. In this paper, the information integration system based on CIMS application prospect in small and medium enterprises are analyzed and predicted, and the domestic small and medium-sized enterprises as an example of application in the enterprise information integration system based on CIMS problems are analyzed.

scholarly journals Demand forecasting in Small and Medium Enterprises (SMEs) ED Aluminium Yogyakarta using causal, time series, and combined causal-time series approaches

2018 ◽  
Vol 204 ◽  
pp. 01004 ◽  
Author(s):  
Wildanul Isnaini ◽  
Andi Sudiarso
Keyword(s):  
Time Series ◽  
Small And Medium Enterprises ◽  
Demand Forecasting ◽  
Actual Condition ◽  
Inventory Data ◽  
Inventory Cost ◽  
Forecasting Method ◽  
Medium Enterprises ◽  
Better Than

ED Aluminium is the biggest Small and Medium Enterprises (SMEs) in Daerah Istimewa Yogyakarta (DIY) with 90 number of workers and 1,5 ton ingot capacity for production (Isnaini, 2014). Inventory data in December 2015 indicates that some products are overstocked (9%) and stockout (83%). This condition can happend because that SMEs still using intuition to predict the number of demand. Inventory fluctuation causes the inventory cost increases while overstock happend and lost the opportunity cost during stockout. To avoid overstock and stockout, the determination of demand with exact method is needed and one of them can be solved by forecasting method. This study aims to find the best forecasting methods of demand in 2015 using causal, time series, and combined causal-time series approces that better than the actual condition. The results of this research is the best forecasting method used to predict the number of sales in January-November 2015, that are SARIMA (3,1,1)(0,1,1)12 for WB, SARIMA (1,1,1)(1,0,1)6 for WSD, SARIMA (1,1,1)(1,1,0)6 for DE, SARIMA (2,1,1)(1,1,0)6 for PE, and SARIMA (2,1,3)(0,1,0)12 for PT.

Innovation and Exports of Korean Firms: How Do They Differ by Size and Industry?

2019 ◽  
Vol 10 (3) ◽  
pp. 249-271
Author(s):  
Wonkyu Shin ◽  
Sehwan Oh ◽  
Sungho Rho
Keyword(s):  
Global Economy ◽  
Large Scale ◽  
Small And Medium Enterprises ◽  
Market Competition ◽  
Information And Communications Technology ◽  
Firm Level ◽  
Innovation Activities ◽  
Heterogeneous Effects ◽  
Ict Industry ◽  
Medium Enterprises

This article examines some of the distinctive characteristics of South Korean firms in relation to their research and development (R&D) and export activities affecting the efforts to retain intellectual property rights (IPR). In particular, this study shows how firms of different sizes (small and medium enterprises: SMEs vs. large-scale enterprises: LEs) tend to hold the ownership of IPR differently. To test the heterogeneous effects of the firms’ innovative capacity, this study utilizes the firm level data of 6,138 Korean firms during 2006–2014. In the years 2006–2014, South Korea concluded free trade agreements (FTAs) with numerous economies and accelerated its market competition and integration into the global economy. Our empirical results found that R&D activities of both SMEs and LEs were active during the period; however, SMEs in particular took a great stride in their patenting and innovation activities. Findings of our article also show that the more companies engaged in export activities, the more actively patents grew. Furthermore, the companies in the information and communications technology (ICT) industry are more aggressive in patenting activities.

AN EVALUATION OF INVENTORY MANAGEMENT AND PERFORMANCE IN INDIAN MACHINE TOOL SMEs: AN EXPLORATORY STUDY

2010 ◽  
Vol 07 (04) ◽  
pp. 405-422 ◽  
Author(s):  
RAJEEV NARAYANAPILLAI
Keyword(s):  
Machine Tool ◽  
Inventory Management ◽  
Positive Impact ◽  
Small And Medium Enterprises ◽  
Decisive Role ◽  
Developed Countries ◽  
Primary Data ◽  
Inventory Cost ◽  
Manufacturing Enterprises ◽  
And Performance

Inventory management (IM) plays a decisive role in the enhancement of efficiency and competitiveness of manufacturing enterprises. Therefore, major manufacturing enterprises are following IM practices as a strategy to improve their efficiency and achieve competitiveness. However, the spread of IM culture among small and medium enterprises (SMEs) is limited due to lack of initiative and expertise as well as financial limitations in developed countries, let alone developing countries. Against this backdrop, this paper makes an attempt to ascertain the role and importance of IM practices and performance of SMEs in the machine tool industry in the city of Bangalore, India. The relationship between IM practices and inventory cost is probed based on primary data gathered from 91 SMEs. The paper brings out the fact that formal IM practices have a positive impact on the inventory cost and therefore, the IM performance of SMEs.

scholarly journals NAWANI AND NUKONI APPLICATIONS FOR SUPPORTING SMALL AND MEDIUM MICRO ENTERPRISES IN GUNUNGKIDUL DISTRICT

2021 ◽  
Vol 13 (1) ◽  
Author(s):  
Asih Pujiastuti ◽  
Astika Ayuningtyas ◽  
Anggraini Kusumaningrum ◽  
Adetya Dyas Saputra
Keyword(s):  
Small And Medium Enterprises ◽  
Product Management ◽  
Technology Support ◽  
Management Support ◽  
Stock Management ◽  
Function Test ◽  
Business Entities ◽  
Medium Enterprises ◽  
Special Region ◽  
Great Development

Micro, Small and Medium Enterprises (MSME) can be defined as a productive business that can be owned by individuals or business entities and has met the criteria as a micro business. UMKM is one of the spearheads of an independent economy that has great development potential, so that the existence of MSMEs can strengthen the people's economy. One area that has a lot of MSMEs is Gunungkidul Regency which is located in the Special Region of Yogyakarta. There are many obstacles in the UMKM business in Gunungkidul Regency, one of which is in marketing and product management. Support from the technological side is needed to increase the pace of the MSME economy. One form of technology support is an inventory application that can help MSMEs in managing product stocks and supporting product marketing. Applications named Nawani and Nukoni can make it easier for MSME business players in marketing products. Nawani functions to market UMKM products and perform stock management, while Nukoni functions as a catalog for MSME products. Based on the test obtained using a Likert Scale, Nawani has a score of 78.8% for the Function Test and the UI / UX Test of 69.6%, while Nukoni has a score of 85.3% for the Function Test and the UI / UX Test for 70.2%, so that both applications are running and suitable for use by both parties.

scholarly journals The Perceived Export Barriers of Micro, Small, and Medium Enterprises: An Analysis from Lesotho-Based Manufacturing Enterprises

2019 ◽  
Vol 5 (1) ◽  
pp. 1
Author(s):  
Motšelisi C. Mokhethi ◽  
Keyword(s):  
Financial Constraints ◽  
Small And Medium Enterprises ◽  
Financial Resources ◽  
Small Enterprises ◽  
Design Data ◽  
Cross Sectional ◽  
Financial Barriers ◽  
Manufacturing Enterprises ◽  
Export Barriers ◽  
Medium Enterprises

Small enterprises represent a large proportion of enterprises in most economies and are a driving force for economic growth. Most small enterprises refrain from exporting due to a number of challenges. The aim of this study was to determine the exporting barriers perceived to constrain exporting from Lesotho-based manufacturing micro, small, and medium enterprises (MSMEs). The study adopted a cross-sectional descriptive design. Data were collected from 162 Lesotho-based manufacturing enterprises through a self-administered questionnaire. Factor analysis revealed three export barrier groupings, namely international, distribution, and financial constraints. The descriptive statistics showed that Lesotho-based manufacturing MSMEs perceive lack of financial resources for market research, lack of financial resources to finance export sales, and lack of excess capacity for exports, all internal to an enterprise-loading under financial barriers as constraints to exporting. The study added to the literature new classes of export barriers. The findings suggest that the government of Lesotho has to put in place mechanisms that can reduce financial constraints to enable MSMEs to contribute as expected.

scholarly journals Analysis of Dominant Factors in Improving Performance of Small Medium Industry in the Field Marine and Fishing Processing

2017 ◽  
Vol 6 (6) ◽  
pp. 42-51
Author(s):  
Edy Supriyadi ◽  
Iha Haryani Hatta ◽  
Darmansyah Darmansyah
Keyword(s):  
Business Performance ◽  
Small And Medium Enterprises ◽  
Market Competition ◽  
Positive Influence ◽  
Global Market ◽  
Primary Data ◽  
Moderator Variables ◽  
Significance Level ◽  
Performance Variables ◽  
Medium Enterprises

The existence of global market resulted in the increasing number of business actors, especially Small and Medium Enterprises (SMEs). Currently SMEs are experiencing increasingly fierce market competition. Even the competition is in an increasingly complex condition. Faced with this condition, SMEs are required to have the ability to survive and improve its performance. The population of this research is the perpetrators of SMEs in the field of fishery and marine processing business in Lontar Village, Banten Province. The sample are participant of 46 SME actors. Technical sampling is purposive sampling. The data in this study is the primary data collected through questionnaires. The result are (1)Competence leader (KOM) has a positive influence on business performance variables (KIN) with a significant value of 0.070 at a significance level of 0.10.(2). Innovation (INO) has a positive influence on business performance variables (KIN) with a 0.000 significance level at a significant level of 0.05.(3). Entrepreneurship (WIRA) has a positive influence on business performance variables (KIN) with a synergy value of 0.00 at a significant level of 0.05.(4). Investment (INV) has no effect on business performance with significance of 0.223.(5). The moderator variables of entrepreneurs have an influence in contributing to the leadership competence of performance. With a significant value of 0.032.(6). The moderator variables of entrepreneurs have an influence in contributing to innovation on the performance of Entrepreneurship, with a significant value of 0.000 at the 0.05 level (7). The moderator variables of the entrepreneur have no influence in contributing to investment on the performance of the company. with a significant value of 0.060 at the 005 level.

scholarly journals A Review of Global Challenges and Survival Strategies of Small and Medium Enterprises (SMEs)

Economies ◽  
2020 ◽  
Vol 8 (4) ◽  
pp. 79 ◽  
Author(s):  
Sisira Kumara Naradda Gamage ◽  
EMS Ekanayake ◽  
GAKNJ Abeyrathne ◽  
RPIR Prasanna ◽  
JMSB Jayasundara ◽  
...  
Keyword(s):  
Small And Medium Enterprises ◽  
Market Competition ◽  
Economic Globalization ◽  
Global Market ◽  
International Terrorism ◽  
Survival Strategies ◽  
Global Finance ◽  
Global Challenges ◽  
Short Period ◽  
Medium Enterprises

Economic globalization has created many challenges for small and medium enterprises (SMEs) due to the rapid increase in competition. Therefore, the downfall rate of SMEs is relatively high, a short period after their commencement. Accordingly, SMEs need to adopt survival strategies and strategic methods to succeed in confronting the various global challenges faced by the SME sector. This study critically examined the existing literature on global challenges for SMEs to understand the SMEs’ survival and successive mechanisms in the present competitive business background. Published information related to the field by the multilateral institutions and 110 research papers published by four recognized publishing companies, i.e., Emerald, Elsevier, Taylor and Francis, and MDPI, were chosen for this study. The review revealed the critical global challenges for SMEs within the context of economic globalization. They are the global market competition, global finance and economic crises, information communication technology, the emergence of multi-national corporations, transnational corporations, consumer changes and especially their preferences, trade dumping, international terrorism, and religious conflicts and trade wars. Furthermore, the study considered the survival strategies of SMEs in the industrial platform to recognize sustainability-related policies, specifically, the necessity for a robust theoretical examination on the survival strategies of SMEs in the field of global challenges.

scholarly journals A generic balanced scorecard for small and medium manufacturing enterprises in South Africa

2019 ◽  
Vol 11 (1) ◽  
Author(s):  
Arthur Reynolds ◽  
Houdini Fourie ◽  
Lourens Erasmus
Keyword(s):  
South Africa ◽  
South African ◽  
Balanced Scorecard ◽  
Delphi Study ◽  
Small And Medium Enterprises ◽  
Manufacturing Sector ◽  
Local Economy ◽  
The Balanced Scorecard ◽  
Manufacturing Enterprises ◽  
Medium Enterprises

Background: Prior research confirmed that the balanced scorecard (BSC) can be used successfully at manufacturing small and medium enterprises (SMEs), to assist with sustainability. South African SMEs have a low survival rate despite being a significant contributor to the local economy with the manufacturing sector in particular hampered by negative growth.Aim: The objective of this study was to develop a BSC for manufacturing SMEs in South Africa with measurable key performance indicators (KPIs).Setting: We conducted a Delphi study with cost accounting specialists in different industries.Methods: The development of the generic BSC was facilitated with a Delphi survey and analytical hierarchy process (AHP).Results: The research presents a generic yet flexible BSC for manufacturing SMEs. A total number of 12 generic and 104 specific KPIs were identified. The results revealed a greater emphasis on the financial and customer perspectives that may be conducive to SME sustainability and success.Conclusion: A generic BSC that can be adapted to specific organisational and industry requirements has the potential to enhance SME sustainability and success.

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