Academic literature on the topic 'Inventory turnover'
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Journal articles on the topic "Inventory turnover"
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Reynolds, Dennis. "Inventory-Turnover Analysis." Cornell Hotel and Restaurant Administration Quarterly 40, no. 2 (April 1999): 54–58. http://dx.doi.org/10.1177/001088049904000217.
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Chen, Chun-Miin (Jimmy). "A review and analysis of service level agreements and chargebacks in the retail industry." International Journal of Logistics Management 29, no. 4 (November 12, 2018): 1325–45. http://dx.doi.org/10.1108/ijlm-09-2016-0205.
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PurposeThe purpose of this paper is to examine service level agreements (SLAs) in the retail industry and uses empirical data to draw conclusions on the relationships between SLA parameters and retailer financial performance.Design/methodology/approachBased on prior SLA theories, hypotheses about the impacts of SLA confidentiality, choice of chargeback mechanisms and chargeback penalty on retailer inventory turnover are tested.FindingsRetailer inventory turnover could vary by the level of SLA confidentiality, and the variation of retailer inventory turnovers could be explained by chargeback penalty.Research limitations/implicationsThe research findings may not be readily applicable to SLAs outside of the retail industry. Also, most conclusions were drawn from publicly available SLAs.Practical implicationsThe significant relationships between SLA parameters and retailer inventory turnover imply that a retailer could improve its financial performance by leveraging its SLA design.Originality/valueNot only does this study contribute to the understanding of retail SLA design in practice, but it also extends prior theories by investigating the implications of SLA design on the retailer inventory turnover.
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Wardana, Wisnu, Jubi Jubi, Ady Inrawan, and Musa Fernando Silaen. "PENGARUH PERPUTARAN KAS, PERPUTARAN PIUTANG DAN PERPUTARAN PERSEDIAAN TERHADAP PROFITABILITAS PADA PERUSAHAAN SUB SEKTOR OTOMOTIF DAN KOMPONEN YANG TERDAFTAR DI BURSA EFEK INDONESIA." FINANCIAL: JURNAL AKUNTANSI 5, no. 1 (September 12, 2019): 66–73. http://dx.doi.org/10.37403/financial.v5i1.94.
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The results of this study can be summarized as follows, the average CTO tends to decrease, the average RTO tends to increase, the average ITO tends to decrease and the average ROA tends to decrease. The results of testing multiple linear regression are known that Cash Turnover and Inventory Turnover have a positive effect while Accounts Receivable has a negative effect on profitability in Automotive and Component Sub-Sector Companies listed on the Indonesia Stock Exchange. The correlation coefficient test results have a low relationship between Cash Turnover, Accounts Receivable Turnover and Inventory Turnover with profitability. While the coefficient of determination (R Square) states profitability is influenced by Cash Turnover, Accounts Receivable Turnover and Inventory Turnover. Cash Turnover, Receivable Turnover and Inventory Turnover have no significant effect on profitability partially. Cash Turnover, Receivable Turnover and Inventory Turnover have no significant effect on profitability simultaneously The suggestions for company in this research is that companies should optimize asset management, companies should maintain and improve cash turnover, accounts receivable turnover and inventory turnover in order to increase company profits Keywords: Cash Turnover, Receivable Turnover, Inventory Turnover and Profitability
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Marvel, Howard P., and James Peck. "Inventory Turnover and Product Variety." Journal of Law and Economics 51, no. 3 (August 2008): 461–78. http://dx.doi.org/10.1086/590396.
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Ali Khan, Junaid, Shiming Deng, and Muhammad Hammad A.K. Khan. "An Empirical Analysis of Inventory Turnover Performance Within a Local Chinese Supermarket." European Scientific Journal, ESJ 12, no. 34 (December 31, 2016): 145. http://dx.doi.org/10.19044/esj.2016.v12n34p145.
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Retail inventory is an important indicator for retailers as well as their shareholders and suppliers. Inventory enables retailer to sell products to customer but excessive or slow moving inventory also add extra cost. For shareholders and suppliers this is an indication of retailer’s bright or grim future. The aim of this research is to analyze the inventory turnover’s impact on the performance variables of profit margin percentage and sale surprise in one of the retailing firm of Hubei province China. We will study if inventory turnover is affected by profit margin percentage and sale surprise similarly across all categories and modes of operation in retail firm or there is some variation in the known behavior. We will be testing our hypothesis on data of a large local supermarket chain that operates in the Hubei province of China. They have multiple supermarkets in the tier 1 and tier 2 cities of the province. We investigate correlation of inventory turnover with profit margin percentage and sale surprise across different categories and modes of operation. The analysis reveals that there is a negative correlation between Inventory Turnover and profit margin percentage, while positive correlation exists between Inventory Turnover and Sale surprise across all categories and modes. But its rate of correlation varies between categories and channel structure.
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Ali Khan, Junaid, and Shiming Deng. "Analyzing Inventory Turnover Performance in Different Retailing Mode of Operations." European Scientific Journal, ESJ 12, no. 34 (December 31, 2016): 34. http://dx.doi.org/10.19044/esj.2016.v12n34p34.
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Inventory turnover differs across different retailers and operation modes employed by the retailers. Such a variation while undermining the usefulness of inventory turnover for performance analysis; requires particular attention. We perform an empirical analysis using sales data from a large retail firm for the year 2013-2016 for investigating the relationship of inventory turnover with mode of operations. The analysis reveals that the variation of inventory turnover among different mode of operations is much larger than variation of inventory turnover within each mode. So there is significant relationship between mode of operations and inventory turnover. This study inspects the influence of different channel structures on inventory turnover in a large supermarket, which has employed multiple modes of operations in different categories.
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ABRIANO, NOVA, SETIAFITRIE YUNIARTI, and SITI MUKARRAMAH. "ANALISIS PENGARUH PERPUTARAN PERSEDIAAN, PERPUTARAN PIUTANG DAN PERPUTARAN ASET TETAP TERHADAP RASIO LANCAR Pada PT.Unilever Indonesia Tbk. Tahun 2013 – 2020." OIKONOMIKA : Jurnal Kajian Ekonomi dan Keuangan Syariah 2, no. 1 (July 8, 2021): 1–11. http://dx.doi.org/10.53491/oikonomika.v2i1.59.
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This study analyzes the effect of inventory turnover, receivables turnover, and fixed asset turnover on the current ratio at PT Unilever Indonesia at PT Unilever, Tbk in 2013-2020. This study uses quantitative research methods using data from the 2013-2020 quarterly financial statements. The results showed that the Inventory Turnover variable had a partially insignificant effect on the Current Ratio, the Accounts Receivable Turnover Variable had a partially significant effect on the Current Ratio, the Fixed Asset Turnover Variable had a partially insignificant effect on the Current Ratio. While the Inventory Turnover Variable, Variable Accounts Receivable Turnover, and Fixed Assets Turnover Variable together have no effect on the Current Ratio. This result is different from research by Nurjannah (2015) which shows that there is a significant positive effect between accounts receivable turnover, inventory turnover and cash turnover on the liquidity ratio partially or simultaneously. Keyword : Inventory Turnover, Receivables Turnover, Fixed Asset Turnover, Current Ratio
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Fitria, Syifa Maulida, and Sri Suartini. "The Effect Of Cash Turnover, Account Receivable Turnover And Inventory Turnover On Profitability." Gorontalo Accounting Journal 4, no. 1 (March 31, 2021): 1. http://dx.doi.org/10.32662/gaj.v4i1.1214.
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This study aims to see the effect of the effect of turnover, transaction turnover and turnover on the inventory of automotive industry companies listed on the Indonesia Stock Exchange in 2014-2018 as measured by the return of assets either partially or simultaneously. The data analysis technique used in this research is multiple linear regression analysis techniques. The results showed that (1) partially the effect of cash turnover had no positive and insignificant effect on profitability (2) partially the effect of turnover had no positive and insignificant effect on profitability (3) partially the effect of inventory turnover had positive and positive effects significant to profitability.
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Silalahi, Octavia Elisabeth, Liper Siregar, Parman Tarigan, and Sepbeariska Manurung. "PENGARUH PERPUTARAN PIUTANG DAN PERPUTARAN PERSEDIAAN TERHADAP PROFITABILITAS PADA PERUSAHAAN SUB SEKTOR MAKANAN DAN MINUMAN YANG TERDAFTAR DI BURSA EFEK INDONESIA." SULTANIST: Jurnal Manajemen dan Keuangan 6, no. 1 (June 15, 2018): 83–89. http://dx.doi.org/10.37403/sultanist.v6i1.118.
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Purpose of this research is to discribe of receivable turnover, inventory turnover and profitability and the influence of receivable turnover and inventory turnover on the profitability at Sub Sector Food and Beverage Companies listed in the Indonesia Stock Exchange. The research design used library research. The analysis data technique such as: assumption classic test, qualitative and quantitative descriptive analysisThe regression is Ŷ = 0,019 - 0,002 X1 + 0,014 X2.Correlation coefficient is 0,874 and RSquare value is 0,764. The research hypothesis is rejected, means that receivable turnover and inventory turnover have a significant effect on profitability in Sub Sector of Food and Beverage Company simultaneously. And partially for receivable turnover H0 is accepted, means that receivable turnover has effect but insignificant on profitability, for inventory turnover H0 is rejected, it means that inventory turnover has a significant effect on profitability at Sub Sector Food and Beverage Companies listed in the Indonesia Stock Exchange. The research suggest, company should improve sales and management should pay more attention to receivable turnover and inventory turnover as one way to improve the profitability of the company. For further researchers to expand the discussion of various other factors that influence profitability. Keywords: Receivable Turn Over, Inventory Turn Over and Profitability.
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Anggiyani, Karunia Putri Augustina Dwi, Leni Nur Pratiwi, and Banter Laksana. "Pengaruh Modal Kerja Terhadap Net Profit Margin pada Industri Makanan dan Minuman yang Terdaftar di BEI." Indonesian Journal of Economics and Management 1, no. 1 (November 30, 2020): 205–20. http://dx.doi.org/10.35313/ijem.v1i1.2430.
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The aims of this research are to analyze the effect of Working Capital Turnover, Inventory Turnover, Cash Turnover, Receivables Turnover, and Short-term Debt to Net Profit Margin (NPM) at food and beverage industry listed on BEI (Indonesia Stock Exchange) Period 2017-2019. This research is using purposive sampling method and obtained a sample of 6 companies. The analysis used to determine the effect of Working Capital Turnover, Inventory Turnover, Cash Turnover, Receivable Turnover, and Short-Term Debt on Net Profit Margin (NPM) is a statistical analysis with using the help of SPSS 22.0 software. The results of this study indicate that the Working Capital Turnover, Inventory Turnover, Cash Turnover, Receivable Turnover and Short Term Debt variables simultaneously have a significant effect on Net Profit Margin (NPM). Working Capital Turnover, Inventory Turnover and Short-term Debt partially have a negative effect on NPM. Receivables turnover has a positive effect on NPM. whereas, cash turnover does cash turnover does not have an effect on NPM.
Dissertations / Theses on the topic "Inventory turnover"
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Dumas, Charl. "Effective inventory management in small to medium-sized enterprises / by Charl Dumas." Thesis, North-West University, 2008. http://hdl.handle.net/10394/2603.
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We live in the age of the informed consumer creating a business climate of increasing competition, which implies that all companies need to be as efficient as possible at every level, and this includes inventory management. For many businesses, inventory is the largest asset on the balance sheet at any given time and therefore needs to be efficiently managed. A large amount of a company's costs can be attributed to the amount it invests in inventory and associated holding, transportation, and management costs; management of inventory is thus critical to an SME's profitability. Therefore, it is important to investigate the models for effective inventory management in SMEs. Inventory management entails more than simply the forecasting and replenishment of inventory; it also demands the management of inventory to optimise services and profit. The main objective of the study was to investigate the standard inventory theories and models used to help management in small to medium-sized enterprises in keeping costs down while still meeting customer service requirements.
Organisational effectiveness was defined in terms of the effectiveness of the internal processes of an organisation. While accountants and senior managers tend to measure results of most, if not all, organisational activities in monetary terms, so it is no surprise that many organisations rely on financial measures such as ROI or ROA to measure effectiveness. However, effectiveness was defined as the ability to achieve stated inventory levels, judged in terms of financial measures like inventory turnover for this study. This study posits that the effectiveness of a given SME may be ascertained from the effectiveness of the inventory management decisions made by its management. Modern inventory management systems are based on well-recognised inventory models and even though the methods were developed many years ago they still perform well from a theoretical point of view. Inventory models like economic order quantity (EOQ), activity-based costing (ABC), analysis for inventory and just-in-time (JIT) that form the bases of modern inventory systems are still commonly used in the industry today. Modern inventory management systems like MRP/MRPII and ERP systems offer a complete inventory management system to SMEs, but despite the rapid development of ERP systems, little research can be found in evaluating the extent to which ERP could create a competitive advantage for SMEs. Safety inventory protects against inventory uncertainty by ensuring there are enough products available to maintain desired service levels. Based on this, safety inventory can be expressed as the quantity of inventory that has to be reserved in order to protect the system from random variables such as inventory-outs, which may occur as a result of either forecast errors or deviations from normal demand during average lead times. Supply chain management (SCM) is a set of approaches utilized to effectively incorporate suppliers, manufacturers, logistics, and consumers to place the right amount of inventory at the right places at the right time. Since inventories represent a significant investment by many businesses, the challenge, however, is to determine the lowest amount of inventory required to accomplish all of the service-level targets. Inventory costs are relevant to most liquidity, asset management and liability management ratios and only once a balance is found between service levels, costs of holding inventory and cost of manufacture, which, once achieved, will it lead to increased profitability. Inventory is a measure of both liquidity and in -service efficiency just like receivable turnover. These methods produce an overall level of inventory that senior management typically judges in terms of an inventory turnover ratio (annual sales / average inventory) or a total asset level. A literature study was conducted with the aid of a computer-based search, using the keywords identified, databases and search engines such as Google Search, Google Scholar, Business Source Premier, Emerald and EBSCO Host. The empirical research describes a process whereby data or facts on a specific issue were gathered and analysed. Both qualitative and quantitative research methods were employed to gather information from the defined population for this study. This study used a structured questionnaire as well as an open-ended and semi-structured interview with some of the population sample to collect empirical data. The sample tested consisted of 60 managers, owners or responsible persons for inventory management in small to medium enterprises in Gauteng, South Africa. The results of the questionnaires were submitted for statistical analyses at the Statistical Department of the North-West University. The results of the statistical analysis were interpreted by closer investigation of the correlations, cross tabulations and frequency analysis done with the aid of SSPS. After the statistical analysis the conclusion could be drawn that more than half of all questioned SMEs in the study were not effective in their inventory management and this is most probably the result of most respondents' lack of theoretical knowledge about inventory management theories. Furthermore, it was concluded that most small and medium businesses have experienced inventory shortages as a result of JIT ordering, but still chose not to hold safety inventories because of the cost associated with holding inventories. This also made them and their customers reliant on their suppliers' supply chain management for efficient service delivery. Furthermore, it was also found that ERP systems like SAP were too expensive to implement in small and very small businesses. Therefore, many small and medium businesses adopt the Pastel solution at a fraction of the price of the standard ERP systems to manage their inventories.Thesis (M.B.A.)--North-West University, Vaal Triangle Campus, 2009.
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Alvino, Ganoza David Daniel, Martínez Kristty Magaly Huamaní, Serva José Miguel Quispe, and Luján David Verde. "Propuesta de implementación de un modelo de gestión que optimice los niveles de inventarios en un almacén de una empresa de distribución eléctrica." Master's thesis, Universidad Peruana de Ciencias Aplicadas (UPC), 2019. http://hdl.handle.net/10757/648675.
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En la presente investigación se sustenta una propuesta de implementación de un modelo de gestión de inventarios, aplicado a una empresa dedicada a la distribución eléctrica en una de las más importantes ciudades del sur del Perú. Los principales objetivos son: Reducir los costos originados debido al sobre stock de inventario, reducir el riesgo de roturas de stock con la consecuente imposición de penalizaciones por parte del ente regulador y adicionalmente establecer un procedimiento para la disposición final de los materiales obsoletos y deteriorados que resultan de la operación de la empresa.This research supports a proposal for the implementation of an inventory management model, applied to a company dedicated to electricity distribution in one of the most important cities in southern Peru. The main objectives are: To reduce the costs originated due to the stock of inventory, reduce the risk of stock breakage with the consequent imposition of penalties by the regulatory entity and additionally establish a procedure for the final disposal of obsolete and deteriorated materials that they result from the operation of the company.
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Torres, Sandoval Elizabeth Paula. "Propuesta de mejora para la gestión de inventarios en empresa de confecciones de la ciudad de Chiclayo." Master's thesis, Universidad Peruana de Ciencias Aplicadas (UPC), 2019. http://hdl.handle.net/10757/626420.
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La presente investigación resalta la importancia de aplicar una mejora en la gestión de inventarios para una empresa dedicada a la fabricación y comercialización de prendas de vestir, específicamente camisas. El objetivo principal de la investigación es reducir los costos generados por una deficiente gestión de inventarios, es decir, reducir costos por sobre stock de inventarios y baja rotación de inventarios, además planificar el requerimiento de materiales.
El primer capítulo describe los artículos e investigaciones relacionadas a la propuesta en los últimos años. Además, se explica los conceptos relacionados a la gestión de inventarios, pronósticos, requerimiento de materiales, y otras herramientas como matriz de kraljic y el modelo de cantidad económica.
En el segundo capítulo se brinda una visión general de la empresa en estudio, se describe y reconoce los problemas existentes, priorizando el más significativo a fin de identificar las causas que lo originan para posteriormente seleccionar la mejor alternativa de solución.
En el tercer capítulo se presenta la propuesta de mejora para la gestión de inventarios de acuerdo a la información obtenida de la empresa cuya justificación está en el beneficio que se podría obtener.
Finalmente, se expone las conclusiones y recomendaciones para la propuesta de mejora para la gestión de inventarios.This thesis below highlights the importance of developing a proposal for improvement inventory management system for a company dedicated to manufacture and marketing men’s clothing, specifically shirts. The main objective of the investigation is to reduce the costs originated by a deficient inventory management, which means, reduce the costs by excessive stock and low inventory turnover, and material requirement planning. The first chapter describes the different research articles in the last years that are related to the proposal. Besides, the concepts related to the inventory management are explained, as well as demand forecasting, MRP and some other inventory management tools. The second chapter presents a general vision of the company; describing and recognizing the existing problems, for later prioritize the most significant problem in order to identify the causes that have its origin to finally select the best solution. The third chapter introduces the proposal for improvement inventory system according to the information given by the company and the benefit that can be acquired. Finally, conclusions and recommendations will be presented for the proposal.
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Acosta, Canta Maciel Lisbet, and Tréneman Samantha Belén Irivarren. "La rotación de inventarios y su influencia en la rentabilidad de empresas del sector textil – confecciones en Lima Centro – Gamarra durante el año 2018." Bachelor's thesis, Universidad Peruana de Ciencias Aplicadas (UPC), 2019. http://hdl.handle.net/10757/652556.
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La presente investigación tiene como finalidad determinar la influencia de la rotación de inventarios en la rentabilidad de empresas del sector textil en Lima Centro - Gamarra durante el año 2018. El trabajo está dividido en cinco capítulos.
En el primer capítulo, se describirá el sector textil, los antecedentes nacionales e internacionales y los conceptos claves como la rotación de inventarios y la rentabilidad, cada uno bajo sus respectivas definiciones e indicadores.
En el segundo capítulo, se presentará el plan de investigación que se ejecutará para la investigación. También se explicará el planteamiento del problema, su justificación y a quiénes aportará la investigación.
En el tercer capítulo, se plantea la metodología a utilizar en la investigación, así como el tipo de enfoque cuantitativo, cualitativo y mixto. Además, se define la población y muestra a utilizar para validar las hipótesis planteadas en el capítulo dos.
En el cuarto capítulo, se procede a explicar las técnicas utilizadas al recolectar todos los datos necesarios según los enfoques escogidos, en este caso, las entrevistas a profundidad con expertos y las encuestas a la muestra escogida. Además, se incluye un caso práctico para poder dar mayor explicación al tema investigado, otro enfoque de investigación.
En el quinto capítulo, se presenta el análisis de los resultados obtenidos en el capítulo cuatro, es decir, mediante entrevistas, encuestas y caso práctico, que nos permiten probar y validar las hipótesis de la presente tesis, para finalmente establecer las conclusiones y recomendaciones de esta investigación.The purpose of this research is to determine the influence of inventory turnover on the profitability of companies in the textile sector in Lima Centro - Gamarra during 2018. The work is divided into five chapters. In the first chapter, the textile sector, national and international background, and key concepts such as inventory turnover and profitability will be described, each under their respective definitions and indicators. In the second chapter, the research plan to be executed for the research will be presented. The approach to the problem, its justification and who the research will contribute to will also be explained. In the third chapter, the methodology to be used in the investigation is presented, as well as the type of quantitative, qualitative and mixed approach. Furthermore, the population is defined and the sample to be used to validate the hypotheses presented in chapter two. In the fourth chapter, we proceed to explain the techniques used when collecting all the necessary data according to the chosen approaches, in this case, in-depth interviews with experts and surveys of the chosen sample. In addition, a practical case is included to give a greater explanation to the investigated topic, another research approach. In the fifth chapter, the analysis of the results obtained in chapter four is presented, that is, through interviews, surveys and a practical case, which allow us to test and validate the hypotheses of this thesis, to finally establish the conclusions and recommendations of this investigation.
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Kjeronský, Michal. "Studie optimalizace procesu zásobování podniku." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2009. http://www.nusl.cz/ntk/nusl-222283.
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Main subject of this master thesis is inventory controlling in Siemens Elektromotory, s.r.o. (Ltd), plant Frenštát pod Radhoštěm. In theoretical part are described the essential topics as the controlling generally , then substance of the the inventory controlling and the importation of inventory for the company, their classification and reasons, why is it so important to go in for the inventory controlling. In the practical part the thesis describes current situation in the company and current controlling toolls in inventory field. Then is described the process of developing new inventrory controlling program and the contribution of this program for inventory management. In following part is performed the ABC analysis of invetory acording their proportion on the total consumption. Based on this part are formulated suggestions for setting up new consignment stocks and calculated the influence on the company asset management
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Výborná, Kateřina. "Studie dodavatelského řetězce a návrh na optimalizaci." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2017. http://www.nusl.cz/ntk/nusl-316706.
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The diploma thesis focuses on problems related to the low turnover of stocks in IMI International, s.r.o. The thesis is divided into three parts – theoretical, analytical and design part. In the first part there is presented a basic theoretical knowledge of logistics for this work. The second part analyses the causes of high stock holdings in relation to low turnover. Based on the analyses there are finally proposed the solutions in order to reduce the value of held stocks by reducing the quantity which then leads to increased turnover.
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Mogensen, Emma, and Linnéa Bosson. "Lagerstyrning vid volatila inköpspriser : En fallstudie på Alutrade AB i Växjö." Thesis, Linnéuniversitetet, Institutionen för ekonomistyrning och logistik (ELO), 2019. http://urn.kb.se/resolve?urn=urn:nbn:se:lnu:diva-85623.
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Bakgrund och problemdiskussion: Lagerstyrning är olika aktiviteter som rör hur ett lager hanteras och styrs. Styrningen av ett lager har en stor påverkan på ett företags lönsamhet då det hanterar de aktiviteter som berör lager och därmed också det bundna kapitalet. Lagerstyrning är dock inget som görs i en handvändning, utan det är många delar som ska stämma överens. Lagerstyrningen blir än mer komplex när företag handlar med volatila råvaror. När det kommer till lagerstyrning av produkter med volatila inköpspriser är det viktigt att ta hänsyn till dessa förändringar, för att på så sätt kunna hitta den mest optimala lagerstyrningen. Syfte: Syftet med denna studie är att undersöka vilka konsekvenser som uppstår av att Alutrade inte tar hänsyn till volatila inköpspriser i sin nuvarande lagerstyrning, samt att identifiera vilka lagerstyrningsmetoder, och därmed lagerstyrningspolicy som är lämplig att tillämpa när inköpspriser är volatila för att optimera och uppnå en kostnadseffektiv lageromsättningshastighet. Metod: Uppsatsen behandlas utifrån ett positivistiskt synsätt och ett deduktivt angreppssätt. Uppsatsen har en kvalitativ forskningsmetod men innehåller både kvalitativ och kvantitativ data. Datan har samlats in genom ostrukturerade och semistrukturerade intervjuer, samt mailintervjuer. Resultat: Eftersom Alutrade i dagsläget inte tar så stor hänsyn till de prisförändringar som råder på aluminium marknaden uppstår en del konsekvenser, vilket gör att företagets lagerstyrning påverkas negativt. För att undvika dessa konsekvenser har en lagerstyrningspolicy, som tar hänsyn till volatila inköpspriser, tagits fram. Denna policy utgår från en ABC-klassificering och innehåller lagerstyrningsmetoder såsom modifierad EOQ, beställningspunktsystem vid volatila inköpspriser, säkerhetslager som ett uppskattat antal dagars medelefterfrågan och säkerhetslager beräknat från önskad servicenivå. Med hjälp av den framtagna lagerstyrningspolicyn kan Alutrade undvika konsekvenserna och uppnå de kostnadsbesparingarna som påvisas.Background: Inventory control is different activities related to how a warehouse is managed. The management of inventory has a big impact on a company's profitability as it manages the activities that concern the inventory and thus has an affect on the tied up capital. However, inventory control is nothing that can be rushed through, since many activities must match. The inventory control becomes even more complex when companies deals with volatile raw materials. When it comes to inventory control of these types of products, it is important to take these changes into account, in order to find the most optimal inventory control. Purpose: The purpose of this thesis is to investigate which consequences that occurs when Alutrade does not take volatile purchase prices into account, furthermore to identify which inventory control methods, and thus inventory control policy, that is suitable to apply when purchase prices are volatile to optimize and achieve a cost-effective inventory turnover. Method: The thesis is based on a positivistic and deductive approach. The study has a qualitative research method but contains both qualitative and quantitative data. The data has been collected through unstructured and semi-structured interviews, as well as mail interviews. Results: As Alutrade currently does not take the price volatility on the aluminum market into much account a number of consequences arise, which means that the company's inventory control is negatively affected. In order to avoid these consequences a inventory control policy, which takes the price volatility into account, has been developed. This policy is based on an ABC classification and contains inventory control methods such as modified EOQ, reorder point system for volatile purchase prices, safety stock as an estimated number of demand days and safety stock calculated from a desired service level. Using the developed inventory control policy, Alutrade can avoid the consequences and achieve the cost savings that are shown.
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Schofield, Derrick D. "Prison Leadership: The Relationship Between Warden Leadership Style and Correctional Officer Job Satisfaction." Diss., Piedmont International University, 2018. http://hdl.handle.net/10919/84508.
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The purpose of this study was to examine the relationship between Tennessee wardens’ leadership practices and correctional officer job satisfaction. Utilizing the Leadership Practices Inventory (LPI), the relationship between correctional officers’ perception of the warden’s leadership practices and the LPI norms were examined. Additionally, utilizing the LPI, the relationship between self-ratings of the warden’s leadership practices and the observer rating of the LPI were assessed. Lastly, utilizing the Job Satisfaction Survey (JSS) and observer LPI, correlations were examined between the correctional officers’ job satisfaction and their perception of the warden’s leadership practices. Findings of this study showed lower correctional officers ratings of the wardens on the five LPI subscales than the inventory’s norms. In a comparison of the LPI wardens’ self-perception and the correctional officers’ observer perception, correctional officers rated the wardens lower than the wardens rated themselves. The overall ratings of the correctional officer Job Satisfaction Survey (JSS)were neutral. However, of the nine JSS subscales, the results identified the nature of their work and supervision as the most positive. Pay, contingent reward, and promotional opportunities were rated as the primary reasons for job dissatisfaction. Additional findings indicated a positive relationship between job satisfaction and each of the five subscales of the LPI.Doctor of Philosophy in Leadership
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Urlikienė, Renata. "Atsargų valdymo strategija." Master's thesis, Lithuanian Academic Libraries Network (LABT), 2009. http://vddb.library.lt/obj/LT-eLABa-0001:E.02~2008~D_20090204_105928-61858.
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Finansų rinkų programos Verslo nuosavybės ekonomikos specializacijos magistro baigiamojo darbo tema yra aktuali, nes atsargų valdymas, efektyvus atsargų valdymo proceso organizavimas yra aktualus kiekvienai įmonei, užsiimančiai gamybine ar prekybine veikla. Atsargos – vienas iš įmonės veiksnių jos pelningai veiklai palaikyti. Atsargų valdymas yra jų optimalaus kiekio paieška bei tinkamiausio santykio tarp naudos ir išlaidų išlaikymas.
Tyrimo objektas – atsargų valdymas.
Pagrindinis šio darbo tikslas – nustatyti, kokia įtaką įmonės pelningumui daro efektyvus atsargų valdymas.
Tikslui pasiekti buvo iškelti šie uždaviniai:
1. susipažinti su atsargų rūšimis;
2. atsargų poreikio nustatymas;
3. apibrėžti pagrindinius atsargų įkainojimo metodus;
4. atlikti atsargų panaudojimo efektyvumo analizę.
Tyrimo metodika. Darbe naudota mokslinės, ekonominės literatūros analizė apie atsargų valdymą ir su juo susijusias problemas, turto panaudojimo efektyvumo koeficientų analizė.
Šiuo darbu norime pagrįsti hipotezę, kad efektyvus atsargų valdymas padidintų įmonės pinigų srautus, kas leistų juos panaudoti verslo plėtrai ar veiklos procesų efektyvumui gerinti.
Pirmoje darbo dalyje išanalizavime, kas tai yra atsargos, išnagrinėjome atsargų rūšis ir jų klasifikavimą. Atsargos – trumpalaikis turtas (žaliavos ir komplektavimo gaminiai, nebaigta gamyba, pagamint produkcija bei pirktos prekės, skirtos perparduoti), kurį įmonė sunaudoja pajamoms uždirbti per vienus metus arba per vieną įmonės... [toliau žr. visą tekstą]Master‘s work in business property economics is actual, because the inventory management, the effective inventory organizing is actual for each producing and trade company. Inventory is one from the most important factors for profitable activity of company. Inventory management is the most suitable relation between the profit and expenses. The object is inventory management. The aim of this article is to research the effective inventory management influence for company’s profitableness. To reach this goal we resolved such tasks as: 1. Become acquainted with qualities of inventory; 2. To define the basic estimation methods; 3. To carry out the analyze of the effective inventory employment. In this article we want to ground the hypothesis that effective inventory management increase profit of company. In the first part we have analyzed the inventory qualities and classification. Inventory is the short-term assets (raw materials and consumables, work in progress, finished products and goods for resale), which company used for receipts earn during one year. Raw materials and consumables, work in progress and finished products are the inventory of producing company. And the goods for resale are the inventory of trade company. In the second part we analyzed the basic estimation methods. The choosing of the estimation methods is one from the most important factors for profitable activity of company, which could influence the sale cost price. For the calculating of used in production... [to full text]
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Strand, Joel, and Louise Strandänger. "A case study on how an e-tailer can use a multiple criteria ABC analysis to identify risk in the selection of suppliers." Thesis, Linköpings universitet, Produktionsekonomi, 2016. http://urn.kb.se/resolve?urn=urn:nbn:se:liu:diva-129523.
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Purpose – The purpose of this master thesis is to explore how an e-tailer selling bulky items can use a multiple criteria ABC analysis to make its purchasing process more effective, while balancing richness and reach, with the performance measurements of profitability, total asset turnover and inventory turnover. The purpose will be accomplished through a single case study on an e-tailer active on the Swedish furniture and home furnishing market. Methodology – This thesis applies a multiple criteria ABC-analysis to a single case study. The approach is semi-deductive as theory is combined with interviews on how to match and adapt theory about inventory control and purchasing with the specific requirements of an e-tailer selling bulky items. Findings – This thesis has resulted in a set of recommendations that aim to make the purchasing process of an e-tailer more effective. That is, capital and inventory space will be better allocated to the e-tailer’s more profitable items. Among other things, this thesis shows how dead articles can be identified and how a purchaser can prioritize more profitable articles over less profitable ones when making procurement decisions. The other recommendations are for the e-tailer to investigate the possibilities of decoupling the supply chain by keeping stock at the suppliers’ premises, to match the supplier reliability with their importance in the supply chain, and lastly to explore possibilities of drop shipment. Further, the main finding is that a comparison between the A-, B-, and C-classes and the reliability of the suppliers, highlights a gap and a possible risk. Put differently, the importance of a specific item for the business should be reflected in the choice of supplier and the multiple criteria ABC analysis is the tool to illustrate the importance. Keywords – E-commerce, E-tailer, richness, reach, transaction cost, ABC analysis, multiple criteria ABC, MCABC, inventory turnover ratio, supplier selection, purchasing Paper type – Masters thesisSyfte – Syftet med detta examensarbete är att undersöka hur en e-handelsdetaljist som säljer skrymmande artiklar kan använda en flerdimensionell ABC-analys för att göra sin inköpsprocess mer effektiv och balansera richness och reach, med mätetal som lönsamhet, kapitalomsättningshastighet och lageromsättningshastighet. Syftet kommer att uppfyllas genom en fallstudie på en e-handelsdetaljist verksam på den svenska möbel- och heminredningsmarknaden. Metod – Denna fallstudie använder sig av en flerdimensionell ABC-analys. Tillvägagångssättet är semi-deduktivt då intervjuer och teori om hur lagerstyrning och inköp kan matchas och anpassas till ett företags specifika behov. Resultat – Den här uppsatsen har resulterat i en rad åtgärder som syftar till att göra en ehandlares inköpsprocess mer effektiv. På så vis att kapital och lageryta bättre allokeras till ehandlarens lönsamma artiklar. Bland annat visar den här uppsatsen hur döda artiklar kan identifieras och hur inköparen kan prioritera mer lönsamma artiklar över olönsamma vid inköp. De andra åtgärdena handlar om att undersöka möjligheter att frikoppla försörjningskedjan genom att lagra produkter hos leverantören, att matcha leverantörernas pålitlighet och deras betydelse i försörjningskedjan, och slutligen att utforska möjligheter att utöka drop shipment. Det främsta bidraget är att eventuella felprioriteringar och risker blir tydliga genom en jämförelse mellan A-, B- och C-klasserna och leverantörernas pålitlighet. Med andra ord bör den affärsmässiga inverkan som respektive artikel har på e-handlarens resultat avspegla sig i valet av leverantör. En flerdimensionell ABC-analys kan användas för att påvisa respektive artikels affärsmässiga inverkan. Publikationstyp – Examensarbete för utbildning till civilingenjör (masteruppsats).
Books on the topic "Inventory turnover"
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Cusumano, Michael A. Small lot production: Key to high productivity and inventory turnover in Japanese auto manufacturing. Cambridge, MA: Massachusetts Institute of Technology, Center for International Studies, 1986.
Find full textBook chapters on the topic "Inventory turnover"
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Sun, Xuefang, and Renqian Zhang. "Impacts of Employee Turnover on the Integrated Inventory Model When Overtime Occurs." In Cross-Cultural Design. User Experience of Products, Services, and Intelligent Environments, 145–59. Cham: Springer International Publishing, 2020. http://dx.doi.org/10.1007/978-3-030-49788-0_11.
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Coronado-Hernández, Jairo R., Alfonso R. Romero-Conrado, Olmedo Ochoa-González, Humberto Quintero-Arango, Ximena Vargas, and Gustavo Gatica. "A Generic Materials and Operations Planning Approach for Inventory Turnover Optimization in the Chemical Industry." In Computer Information Systems and Industrial Management, 134–45. Cham: Springer International Publishing, 2020. http://dx.doi.org/10.1007/978-3-030-47679-3_12.
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Gaur, Vishal, and Saravanan Kesavan. "The effects of firm size and sales growth rate on inventory turnover performance in the U.Sretail sector." In Retail Supply Chain Management, 25–52. Boston, MA: Springer US, 2008. http://dx.doi.org/10.1007/978-0-387-78902-6_3.
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Gaur, Vishal, and Saravanan Kesavan. "The Effects of Firm Size and Sales Growth Rate on Inventory Turnover Performance in the U.S. Retail Sector." In Retail Supply Chain Management, 25–52. Boston, MA: Springer US, 2015. http://dx.doi.org/10.1007/978-1-4899-7562-1_3.
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Cavender-Bares, Jeannine, John A. Gamon, and Philip A. Townsend. "The Use of Remote Sensing to Enhance Biodiversity Monitoring and Detection: A Critical Challenge for the Twenty-First Century." In Remote Sensing of Plant Biodiversity, 1–12. Cham: Springer International Publishing, 2020. http://dx.doi.org/10.1007/978-3-030-33157-3_1.
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AbstractImproved detection and monitoring of biodiversity is critical at a time when the Earth’s biodiversity loss due to human activities is accelerating at an unprecedented rate. We face the largest loss of biodiversity in human history, a loss which has been called the “sixth mass extinction” (Leakey 1996; Kolbert 2014), given that its magnitude is in proportion to past extinction episodes in Earth history detectable from the fossil record. International efforts to conserve biodiversity (United Nations 2011) and to develop an assessment process to document changes in the status and trends of biodiversity globally through the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (Díaz et al. 2015) have raised awareness about the critical need for continuous monitoring of biodiversity at multiple spatial scales across the globe. Biodiversity itself—the variation in life found among ecosystems and organisms at any level of biological organization—cannot practically be observed everywhere. However, if habitats, functional traits, trait diversity, and the spatial turnover of plant functions can be remotely sensed, the potential exists to globally inventory the diversity of habitats and traits associated with terrestrial biodiversity. To face this challenge, there have been recent calls for a global biodiversity monitoring system (Jetz et al. 2016; Proença et al. 2017; The National Academy of Sciences 2017). A central theme of this volume is that remote sensing (RS) will play a key role in such a system.
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"Inventory Turnover." In Measuring Marketing, 241–42. Hoboken, NJ, USA: John Wiley & Sons, Inc., 2015. http://dx.doi.org/10.1002/9781119199205.ch80.
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"Implementing Supply Chain Strategies." In Global Supply Chains and Multimodal Logistics, 78–109. IGI Global, 2019. http://dx.doi.org/10.4018/978-1-5225-8298-4.ch004.
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This chapter emphasizes the key elements required to implement supply chain strategy in a firm. It highlights the differences in supply chain strategies, its alignment with corporate strategies, and the associated drivers of supply chain management. This chapter also highlights the dynamics associated with inventory and success of supply chain of a firm. It tries to provide a framework to resolve the supply chain managers' dilemma as to hold inventory for order fulfilment or to enhance the inventory turnover ratio to maximize profitability. The chapter discusses all facets of inventory management – it includes inventory management of constant as well as dynamic demand. This chapter introduces the concept of adaptive inventory control for non-stationary demand. There are situations when all assumptions of conventional approach may fail and hence points out the importance of application of artificial intelligence and data science in inventory management. This chapter brings out the varied dimensions of contracts that are crucial to have an effective supply chain system. Here the author attempts to put forward an outsourcing decision framework to facilitate make or buy decision. This chapter relates the concept of materials requirement planning (MRP) with independent items. Since supply chains are going global, this chapter introduces the concepts behind global sourcing including the significance of INCO (international commercial) terms.
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Kumar, Rajeev. "Supply Chain Manufacturing Practices (SCMP)." In Leadership Strategies for Global Supply Chain Management in Emerging Markets, 224–43. IGI Global, 2020. http://dx.doi.org/10.4018/978-1-7998-2867-9.ch010.
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The chapter attempts to find out the relationship between the supply chain manufacturing practices (SCMP) and organizational performance, which are identified as financial and market performance. In the context of SCM, the financial and market performance factor is operationalized in terms of market share, return of total assets to firms, profit margin annuals sales growth, frequency of stock out, backorder rate, etc. Multiple regression analysis statistical technique has been used for the analysis of the adoption continuum questions in order to find the predictor variables for various performance measuring variables. The findings suggest that of supply chain manufacturing practices (SCMP) play a crucial role in enhancing the performance of the dairies companies in the form of increase in performance matrix indicators (i.e., level of supplier's defect-free deliveries, inventory turnover, frequency of stock out, backorder rate, sales growth, profit margin, return on investment, return on assets to firm).
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Syeda, Rafathunnisa. "Impact of Working Capital Management on Profitability: A Case Study of Trading Companies." In Accounting and Finance Innovations. IntechOpen, 2021. http://dx.doi.org/10.5772/intechopen.99912.
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The success of any business depends on its profitability, liquidity, and solvency. Liquidity plays an important role in the successful running of a business. Many prior studies have been conducted to measure the relationship between working capital and profitability. The results showed that the high investment in inventories and receivables is associated with lower financial performance. They found a negative relationship between Return on Assets and Inventory turnover and Cash conversion cycle the present study is designed to know the direct impact of working capital on profitability by choosing the days of collection, days of payment, days inventory converts to sales and finally the cash conversion cycle. This study examines the association between the profitability and working capital using the data of 15 US trading companies for the period of 2015 to 2019. The key points in this study are firstly there exists a negative relationship between the profitability and the average collection period, the lower the average collection period higher will be the profitability, indicating that a decrease in the number of days a firm receives payment from sales affects the profitability of the firm positively. Secondly there is a highly significant positive relationship between average payment period and profitability. This implies that the longer a firm makes the payment to its creditors, the more profitable it is. Thirdly the cash conversion cycle decreases it will lead to an increase in profitability of the firm, and managers can create a positive value for the shareholders which indicates that it has been maintained. The regression analysis showed the value for the R-squared in the model is 0.584, i.e., 58.4% of the variation in the dependent variable Net Profitability is explained by the independent variables.
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Bonner, Bryant, Jesua I. Law, Erin Hofmann, and Eric Dacus. "The Modern Universal Total Knee Arthroplasty: Maximized Value, Streamlined Efficiency." In Healthcare Access. IntechOpen, 2022. http://dx.doi.org/10.5772/intechopen.101572.
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A universal total knee arthroplasty system able to accurately resurface either left or right knees of all shapes and sizes is compelling as there is an increased need for improved efficiency and value. With a modern universal total knee system, a single instrument tray can be utilized for more than 90% of cases and doesn’t require any specific customization or disposable instruments. This streamlined workflow is accomplished with unique instrumentation that features a symmetrical femoral and tibial implant for all patients. Symmetrical tibial implants have been shown to have equivalent outcomes and low complications compared to asymmetric tibial trays. The universal symmetrical femoral implant, with its deepened trochlear groove, allows for optimal patellar tracking and recent studies have demonstrated this symmetrical femoral implant to have comparable femoral rollback and axial rotation to native knees. This efficient instrumentation reduces overall inventory, decreases turnover times, and exposes fewer instruments that may otherwise be susceptible to contamination. All without detriment to the patient outcome or surgeon workflow. Studies have shown clinical scores of the modern universal total knee arthroplasty system are a great value not only to the surgeon but also to the healthcare system as a whole—a necessity in modern healthcare.
Conference papers on the topic "Inventory turnover"
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Claudia, Vernanda, and Herlina Lusmeida. "The Impact Of Working Capital Turnover, Inventory Turnover, Cash Turnover, And Company Size On Profitability." In The 3rd International Conference on Advance & Scientific Innovation. EAI, 2020. http://dx.doi.org/10.4108/eai.20-6-2020.2300616.
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Eryatna, Ertia Nursanti, Nurafni Eltivia, and Kuni Utami Handayawati. "The Effect of Cash Turnover, Receivable Turnover, and Inventory Turnover Towards Profitability of Consumer Goods Companies in Indonesia." In 2nd Annual Management, Business and Economic Conference (AMBEC 2020). Paris, France: Atlantis Press, 2021. http://dx.doi.org/10.2991/aebmr.k.210717.039.
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Gallagher, Terry A., Royce J. Laverman, and Christian R. Desjardins. "Floating-Roof Tank Heel Reduction Options and Heel Turnover Emissions." In 1998 2nd International Pipeline Conference. American Society of Mechanical Engineers, 1998. http://dx.doi.org/10.1115/ipc1998-2022.
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The net working capacity of floating roof tanks is the product inventory that is stored between the maximum and minimum operating levels of the floating roof. The product that remains in the tank when the floating roof is at its minimum operating level is residual inventory, referred to as the product heel. This trapped inventory is a valuable product asset that is not part of the tank net working capacity. This paper describes considerations that must be made when lowering the minimum operating level of floating roofs, both for new and retrofit tank applications, and presents methods of achieving these improvements. Some tank turnover operations require that the floating roof be landed and the tank drained dry. Tank turnover operations include those where it is important to avoid cross contamination of products. Recent studies have shown the importance of the emissions that occur during heel turnover operations. This paper describes a method for determining the heel turnover emissions and presents abatement options for controlling these emissions.
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Qu, Zhuo, and Bing Zhao. "The Calculating Model of Inventory Turnover Based on Time Value." In 2016 International Seminar on Education Innovation and Economic Management (SEIEM 2016). Paris, France: Atlantis Press, 2016. http://dx.doi.org/10.2991/seiem-16.2016.12.
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Na Zhang, Ruonan Li, and Shuxian Yuan. "Commitment works on inventory turnover in supply chain: Evidence from empirical data." In 2015 12th International Conference on Service Systems and Service Management (ICSSSM). IEEE, 2015. http://dx.doi.org/10.1109/icsssm.2015.7170241.
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Nurmet, Maire, Katrin Lemsalu, and Juri Lehtsaar. "Working capital in Estonian agricultural companies: analysis by size." In 22nd International Scientific Conference. “Economic Science for Rural Development 2021”. Latvia University of Life Sciences and Technologies. Faculty of Economics and Social Development, 2021. http://dx.doi.org/10.22616/esrd.2021.55.050.
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The paper examines the working capital indicators to find out the differences between larger and smaller Estonian agricultural companies. In the task of working capital management, a balance between profitability and liquidity is under investigation. A higher level of current assets ensures higher liquidity, but reduces the profitability. The share of inventories in current assets is relatively high in agricultural companies, and can lead to liquidity problems in adverse circumstances. Low levels of current assets can lead to business interruptions, as insufficient stocks lead to delays in the production process, which in turn is amplified in yields or other outputs. The number of employees is used to distinguish the size of the company. The results show that the smallest agricultural companies have higher liquidity and relatively larger share of highly liquid current assets. Larger agricultural companies maintain a higher level of inventory and have a longer inventory turnover period. Smaller companies have a slightly higher share of loans in current liabilities, so they have to maintain a larger financial buffer. The cash conversion cycle is longer for the smallest and the largest agricultural companies while medium-sized companies have a shorter cash conversion cycle. Smaller companies have the longest receivables turnover, showing that they enable longer payment periods for buyers or may have difficulties collecting receivables from the production sold. Having low market power and long receivables turnover, they have relatively higher need for working capital.
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"The Effect of Cash Turnover, Account Receivable Turnover and Inventory Turn-over on ROA in Mining and Quarrying Sector Companies Listed in IDX from 2017-2019." In 1st ICEMAC 2020: International Conference on Economics, Management, and Accounting. Galaxy Science, 2021. http://dx.doi.org/10.11594/nstp.2021.1010.
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Efendi, Riad. "Generation Z Requires Paradigm Shift in the Oil and Gas Workforce." In Offshore Technology Conference. OTC, 2022. http://dx.doi.org/10.4043/32107-ms.
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Abstract In coming decades, corporate competition paradigm will be shifting from natural resources towards talent acquisition, therefore within Oil&Gas, rivalry is developing not only among industry’s operating, service, and construction companies, but with Apple, Tesla, Pfizer, and numerous startups. Unfortunately, the Oil&Gas industry is currently stigmatized for carbon dioxide emissions and oil spills and has become less attractive for future employees. The issuewill become even more critical in coming years as Generation Z enters the workforce. Analysis of Generation Z (Gen Z/Genzers) characteristics and work ethics shows they are: Entrepreneurial, that is they are less likely to stay within corporate boundaries;Multitasking, meaning not only the tasks that are assigned to them but also those that they assign to themselves, which makes it difficult to keep them within defined borders of the organizational chart rectangles with prescribed duties;Interactive – they want to share their ideas with executives over the heads of their direct supervisors –are we ready for that?Demanding constant stimulation, such as clear career tracks and non-routine challenges. To accommodate Generation Z and attract their top talent, we need to focus human resources functional concept even more on employee’s skills and potential. To close the gap in talent acquisition and nurture future industry leaders: A talent pool should be set up with a thoughtful promotion track;Award ceremonies can be used to initiate tracking of the inventor’s career in addition to celebrating an accomplishment or invention;Employee performance evaluations can be used to analyze the talent pool turnover rate. When a member of this pool is leaving the company, it should be considered an incident, which needs to be treated as such, with root cause analysis and corrective actions. This paper will describe long-term challenges facing the Oil&Gas industry regarding top Genzer talent acquisition and retention and propose solutions that may potentially address them.
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Efendi, Riad. "Generation Z Requires Paradigm Shift in the Oil and Gas Workforce." In Offshore Technology Conference. OTC, 2022. http://dx.doi.org/10.4043/32107-ms.
Full textAbstract:
Abstract In coming decades, corporate competition paradigm will be shifting from natural resources towards talent acquisition, therefore within Oil&Gas, rivalry is developing not only among industry’s operating, service, and construction companies, but with Apple, Tesla, Pfizer, and numerous startups. Unfortunately, the Oil&Gas industry is currently stigmatized for carbon dioxide emissions and oil spills and has become less attractive for future employees. The issuewill become even more critical in coming years as Generation Z enters the workforce. Analysis of Generation Z (Gen Z/Genzers) characteristics and work ethics shows they are: Entrepreneurial, that is they are less likely to stay within corporate boundaries;Multitasking, meaning not only the tasks that are assigned to them but also those that they assign to themselves, which makes it difficult to keep them within defined borders of the organizational chart rectangles with prescribed duties;Interactive – they want to share their ideas with executives over the heads of their direct supervisors –are we ready for that?Demanding constant stimulation, such as clear career tracks and non-routine challenges. To accommodate Generation Z and attract their top talent, we need to focus human resources functional concept even more on employee’s skills and potential. To close the gap in talent acquisition and nurture future industry leaders: A talent pool should be set up with a thoughtful promotion track;Award ceremonies can be used to initiate tracking of the inventor’s career in addition to celebrating an accomplishment or invention;Employee performance evaluations can be used to analyze the talent pool turnover rate. When a member of this pool is leaving the company, it should be considered an incident, which needs to be treated as such, with root cause analysis and corrective actions. This paper will describe long-term challenges facing the Oil&Gas industry regarding top Genzer talent acquisition and retention and propose solutions that may potentially address them.