scholarly journals Influence of group purchasing organizations on financial situation of Polish SMEs

2018 ◽  
Vol 9 (1) ◽  
pp. 87-104 ◽  
Author(s):  
Grzegorz Zimon
Keyword(s):  
Positive Impact ◽  
Value Added ◽  
Financial Situation ◽  
Balance Sheets ◽  
Progressive Development ◽  
Group Purchasing Organization ◽  
Group Purchasing Organizations ◽  
Debt Collection ◽  
The Right ◽  
The Impact

Research background: SMEs often operate in markets where they compete with large companies. A fight for a customer, payment backlogs, problems with debt collection and new branches cause that managers are looking for solutions that will influence positively on the situation of financial companies. Maintaining liquidity and generating income are the primary steps to build a competitive position and a progressive development of enterprises. One of the most popular methods that allows companies to do profitable business and increase their chances for safety is operation within group purchasing organizations. Currently in the Polish market there are many different types of GPOs (Group Purchasing Organizations). The choice of the right one is a chance to improve their financial situation. Purpose of the article: The aim of the article is to present an impact of  group purchasing organizations on the financial situation of enterprises. In the article the classification of groups is done and there are shown the benefits that commercial enterprises operating in them gain. The article presents some obstacles to join specific group purchasing organizations and difficulties faced by companies operating in them. Methods: The studies were carried out on the basis of 60 SMEs. These companies operated in five Polish GPOs. The groups were divided into branch and multi-branch ones. The study period covered the years 2013–2015. In order to analyze the impact of purchasing groups on the financial situation of enterprises, some selected groups of financial ratios were used. A preliminary analysis of financial balance sheets and profit and loss account was conducted. Findings & Value added: The analysis showed that the choice of an appropriate group purchasing organization had a large impact on financial situation of companies. Different opportunities can be offered by a branch purchasing group than by the multi-branch one. Research has shown that better results relate to dynamics of revenues, costs, liquidity and profitability that are effects of operation within the branch purchasing groups. The analysis conducted has also showed that functioning within purchasing groups allows to maintain safe financial liquidity, apart from obtaining a low price of purchased goods and materials, and has a positive impact on the effectiveness of managing receivables and short-term liabilities.

scholarly journals Reengineering of production processes and its impact on the financial situation and business performance of the company

2019 ◽  
Vol 11 (3) ◽  
pp. 106-116
Author(s):  
Andrea Sujová ◽  
Ľubica Simanová ◽  
Katarína Marcineková
Keyword(s):  
Financial Performance ◽  
Business Performance ◽  
Positive Impact ◽  
Value Added ◽  
The Body ◽  
Process Reengineering ◽  
Financial Flows ◽  
Financial Situation ◽  
Production Processes ◽  
The Impact

Abstract The current competitive environment is only favourable to those companies that can cope with changes and use them to their advantage. The innovation of business processes is required to improve financial performance. Scientific works have not yet offered an effective solution to the monitoring of the impact made by process reengineering on corporate financial results. This work presents the case of a business process reengineering in a particular company to improve its performance. The results of implemented reengineering are analysed from the point of view of the impact made on the financial situation of the company. The paper aims to demonstrate the implementation of reengineering and evaluate its impact on the financial standing of a company and its performance. The practical application of reengineering was made according to Hammer and Champy methodology, which is based on the analysis of production processes in the company, the implementation of selected reengineered production processes and the evaluation of the reengineering impact on the corporate financial situation and performance. During the evaluation, the selected indicators of financial performance, activity indicators, the indebtedness indicator, business performance indicators as a cash flow to measure financial flows and the economic value-added (indicator EVA) were calculated and analysed. Subsequent to financial analyses and based on the selected indicators, the authors concluded that the implemented reengineering of the production process increased the performance and value of the company, which had a positive impact on the company’s financial situation. The funds spent on the proper implementation of the reengineering steps were effectively used, and the reengineering process was also timed. This contribution to the body of theoretic knowledge links the implementation of reengineering and the part of the financial analysis, which is related to the preparation, implementation and reengineering results.

FAKTOR PENANGULANGAN TERJADINYA WASTE PADA PROYEK KONSTRUKSI DI SURABAYA

EXTRAPOLASI ◽  
2020 ◽  
Vol 17 (2) ◽  
pp. 1-10
Author(s):  
Michella Beatrix ◽  
Nurul Rochmah ◽  
Gede Sarya ◽  
Pebru Dwijayanto
Keyword(s):  
Waste Management ◽  
Construction Projects ◽  
Positive Impact ◽  
Scale Construction ◽  
Small Scale ◽  
Construction Costs ◽  
Warehouse Storage ◽  
The Right ◽  
The Impact ◽  
Material Requirements

AbstractLarge and small scale construction projects have waste that cannot be predicted in advance, even the amount cannot be predicted directly, whether it is in large or small amounts. The existence of waste can have a significant impact that can affect construction costs. Waste can have both negative and positive impacts. Good waste management will have a positive impact on the company in terms of cost, even time, and quality, but if the waste that occurs cannot be handled or managed properly it will harm the company in terms of cost, time, and even in terms of quality. In this case, the party that always gets the impact of the waste is the contractor.This study focuses on mitigating the occurrence of waste that is how to minimize it. Thisstudy uses the distribution of questionnaires to the contractor in Surabaya. The results of this study are 5 item indicators on how to minimize the highest ranking. The 5 items are Updating material requirements, Mixing, transporting, and placing concrete at the right time, Increasing the competence and expertise of labor, Provision of good and adequate material/warehouse storage facilities, and accurate material measurement.  Abstrak Proyek konstruksi dalam skala besar maupun kecil, memiliki waste yang tidak dapat diprediksi sebelumnya, bahkan jumlahnya pun tidak dapat diprediksi secara langsung, apakah itu dalam jumlah besar ataupun jumlah yang kecil. Adanya waste dapat memberikan dampak yang signifikan yang dapat mempengaruhi biaya konstruksi. Pada dasarnya waste dapat memberikan dampak negatif maupun positif. Pengelolaan waste yang baik akan memberikan dampak positif bagi perusahaan dalam segi biaya, bahkan waktu dan mutu, namun apabila waste yang terjadi tidak dapat diatasi atau dikelola dengan baik maka akan memberikan dampak negatif bagi perusahaan dalam segi biaya, waktu bahkan dalam hal mutu. Dalam hal ini pihak yang selalu mendapatkan dampak dari adanya waste adalah pihak kontraktorPenelitian ini memfokuskan pada faktor penanggulangan terjadinya waste yaitu cara meminimalisirnya. Penelitian ini menggunakan penyebaran kuisioner kepada pihak kontraktor di Surabaya. Hasil dari penelitian ini adalah 5 item indicator cara meminimalisir yang memiliki ranking tertinggi. 5 item tersebut adalah Updating kebutuhan material, Mencampur, mengangkut dan menempatkan beton pada waktu yang tepat, Meningkatkan kompetensi dan keahlian tenaga kerja, Penyediaan fasilitas penyimpanan material/gudang yang baik dan memadai, dan Pengukuran bahan yang akurat.

scholarly journals Analisis Dampak Hilirisasi Industri Kakao di Indonesia

2020 ◽  
Vol 12 (1) ◽  
pp. 99-108
Author(s):  
Sebastian Hadinata ◽  
Maria Merry Marianti
Keyword(s):  
National Economy ◽  
Value Chain ◽  
Positive Impact ◽  
Value Added ◽  
Raw Material ◽  
Literature Study ◽  
Processing Industry ◽  
Industrial Structures ◽  
Business Opportunities ◽  
The Impact

Cocoa is one of Indonesia’s plantation commodity that is important for the national economy. Cocoa plays a role in encouraging regional development and agro-industry. The purpose of this study was to find out the cocoa value chain in Indonesia and find out the impact of the downstream cocoa processing industry in Indonesia. The method used is literature study. The results of the analysis show that the downstreaming of the cocoa processing industry has a positive impact on Indonesia, the benefits of which are getting value added of raw material products, strengthening industrial structures, providing employment, attracting investors, and providing business opportunities in Indonesia.

scholarly journals The impact of the COVID-19 pandemic on the shopping behaviour of customers of selected global brand marketing strategy

2021 ◽  
Vol 129 ◽  
pp. 02020
Author(s):  
David Vrtana
Keyword(s):  
Marketing Strategy ◽  
External Environment ◽  
Value Added ◽  
Shopping Behavior ◽  
Behavioral Characteristics ◽  
Purchasing Behavior ◽  
Global Brand ◽  
Brand Marketing ◽  
The Right ◽  
The Impact

Research background: Research will highlight the impact of the COVID-19 pandemic on Mc Donald’s brand marketing strategy. In the research, we will analyze the internal and external environment of the global brand. We will find out how the current pandemic situation has affected the customer shopping behavior of the global brand Mc Donald’s. Purpose of the article: In this article, we point out the importance of analyzing customers’ shopping behavior before and during a pandemic. We identify differences in shopping behavior before and during a pandemic. We will confirm whether our research identifies differences in the behavioral characteristics of the global brand’s shopping behavior in terms of differences and penetration. Methods: We used the methods of analysis, synthesis, comparison and generalization to assess the theoretical assumptions of purchasing behavior and marketing strategy. By comparison and generalization, we compare the financial performance of the brand during the COVID-19 pandemic. We will evaluate its significance in relation to shopping behavior. We will also use an analysis of the internal and external environment to identify the right marketing strategy for the global Mc Donald’s brand. Subsequently, we compare the results and identify the possibilities of adapting the marketing strategy with respect to purchasing behavior before and during the COVID-19 pandemic. Findings & Value added: We will point out the importance of the shopping behavior of Mc Donald’s global brand customers before and during the pandemic. We will find out how customers’ shopping behavior has changed and we will identify this change to the marketing strategy.

scholarly journals Tentative Exploration of Bacterial Concrete with Partial Replacement of Stone Dust

2019 ◽  
Vol 8 (4) ◽  
pp. 3610-3615
Keyword(s):  
Liberal Arts ◽  
Positive Impact ◽  
Partial Replacement ◽  
X Ray Diffraction ◽  
Stone Dust ◽  
Scale Breaking ◽  
The Right ◽  
The Impact ◽  
3D Shapes

Concrete remains the foremost magnificently used artifact on the soil. The vulnerability of concrete to very little scale breaking decreases its quality and toughness. The repair steel onself for splits is pricey, time disbursement and gets to be arduous in blocked off regions. A self mending bioremediation procedure consolidating spar quick microorganism has been projected among the show take into consideration which could operate the arrangement to this issue. The being spar precipitation will naturally recuperate the smaller scale splits and pores inside the concrete and avoid the broadening of splits. this could cause the thrifty of costs and times went through for maintenance and avoid the subsequent misfortune in quality and solidness of concrete. The concentration of true bacteria Megatherium 10^5cfu/ml and salt were introduced in auxiliary concrete to comprehend the right concentration of microbes. the quality of the foremost elevated review of being concrete had progressed as compared to the foremost reduced review due to the classification of the component. The cogitate has been created to assess the impact on mechanical and toughness properties of M35 review concrete created with substitution of cement with quarry clean ( third,15%,20% and, twenty five and 30%) for each set mechanical property wear examined by liberal arts compression check for 3d shapes, flexural check for bars at that quality ar progressing to be reached thereon result able to embrace the true bacteria Megaterum and at the instant another time discover out the compression take a look at for 3d shapes, flexural check for bars. being spar precipitation was evaluated utilizing associate X-ray diffraction investigation visualized by filtering research and analyzed by vitality dispersive spectroscope. it had been found that the right concentration of B.megaterium had a positive impact on quality auxiliary concrete.

scholarly journals The Impact of the General Level of Prices and Operating Profit on Economic Value Added (EVA) (Analytical Study: ASE 2001 - 2015)

2017 ◽  
Vol 13 (11) ◽  
pp. 142
Author(s):  
Ebraheem Al Taha'at ◽  
Mohammad Abdel Mohsen Al-Afeef ◽  
Saqer Al Tahat ◽  
Muhannad Akram Ahmad
Keyword(s):  
Analytical Study ◽  
Cost Of Capital ◽  
Positive Impact ◽  
Economic Value ◽  
Value Added ◽  
General Level ◽  
Sales Volume ◽  
Economic Value Added ◽  
Operating Profit ◽  
The Impact

This study aims to show the importance of the economic value added as one of the most modern to measure the financial performance for firms, then to know the effect of the general prices level and earnings before interest and taxes on EVA in the companies listed in (ASE) (2006-2015), the researcher addresses a random sample consisting of (46) Company, and uses regression model, which connects the dependent and independent variables.The results of the study shows that There is a significant impact for the general prices level and the earnings before interest and taxes on the economic value added, and also shows that 22% of the changes in the economic value added are due to general prices level and earnings before interest and taxes, and 78% of the changes are due to other factors.This study also recommends the need to manage of operating expenses because of the positive impact of operating profit on EVA value, and to take inflation into account when calculating the value of EVA, and also searching for other factors that could affect the value of EVA such as sales volume, cost of capital, and the growth in the total assets of the company's financial leverage, etc…

scholarly journals Financial Activity of Rural «Prosvits» of the Right-Bank Ukraine (1920–1922)

2021 ◽  
pp. 50-57
Author(s):  
Gennadii Kucherov ◽  
◽  
Volodymyr Kotsiuk ◽  
Keyword(s):  
Soviet Regime ◽  
Educational Work ◽  
Local Conditions ◽  
Financial Situation ◽  
Financial Activity ◽  
System Method ◽  
Local Funding ◽  
Historical Comparative ◽  
The Right ◽  
The Impact

The purpose of the article is to analyze the financial situation of rural «Prosvit» on the territory of the Right Bank of Ukraine in 1920–1922. On the basis of mainly archival materials, the authors find out the problems and achievements of educators in financial activities, the influence of the Soviet regime on it, its consequences. The research methodology is based on a combination of general scientific methods (comparison, generalization, analysis) with interdisciplinary (structural-system method). The main methods during the preparation of the publication were historical-comparative, synchronous, statistical. The application of these methods helped to clarify the whole set of aspects related to the scientific problem. The scientific novelty of the work is that using the methods of analysis of historical documents, the authors analyze the impact of the financial situation of educational societies on their cultural and educational work in the first years of the Soviet regime. For the first time in Ukrainian historiography the peculiarities of the financial activity of rural «Prosvit», its role in the formation and development of societies are clarified. Conclusions. The financial activity of the rural «Prosvits» of the Right Bank of Ukraine in 1920–1922 is an important component of their functioning. It determined the development of societies as well as the cultural and educational level of the peasants. «Prosvit's» financial activities were significantly influenced by local conditions and state aid. The educators organized various events to increase their budget and spend money only when needed. The financial activities of the rural «Prosvit» were under the total control of the Soviet regime. When the regime's attempts to turn educational institutions into «pocket» organizations became apparent, they were transferred to local funding and liquidated.

scholarly journals FISCAL DYSFUNCTION OF VAT ELECTRONIC INVOICING IN UKRAINE

2019 ◽  
pp. 23-36
Author(s):  
Nataliya SYNYUTKA ◽  
Kateryna KRYSOVATA
Keyword(s):  
Agricultural Sector ◽  
Positive Impact ◽  
Tax Compliance ◽  
Value Added ◽  
Tax Collection ◽  
Scientific Methods ◽  
Goods And Services ◽  
Fiscal Efficiency ◽  
Tax Benefits ◽  
The Impact

Introduction. During 2014–2017 VAT electronic invoicing was adopted in Ukraine, which allows for the automatic exchange of tax data between taxpayers and tax authorities. It was estimated the positive impact of e-invoicing reform on gross sales and purchases, tax liabilities across all firms, tax compliance etc. Purpose. The purpose of the article is to study the impact of VAT e-invoicing on a fiscal efficiency of the tax. Methodological approaches to understand the essence and nature of the taxation of spending under the conditions of an innovative digital trend in society can be used to implement a fair fiscal policy in Ukraine. Methods. The author used scientific methods such as abstraction, deduction, comparison, analysis, systematization and others. It was used statistical data, data of tax authorities, data of the State Treasury Service of Ukraine. Results. It was established that e-invoicing in Ukraine increases VAT refund and improves its mechanism firstly. On the other hand, digital technologies positive effect on tax collection for imported goods and services in Ukraine. Despite that, the fiscal efficiency of VAT hasn`t increased. Conclusions. The lack of a positive impact of e- reform on value added tax collection in Ukraine was revealed. The main factors causing fiscal VAT dysfunction in Ukraine are: a significant shadow economy, the sale of goods and services to end-users using a simplified tax system, tax benefits for the rapidly growing agricultural sector, non-taxation of electronic goods and services. Digital tools, e-invoicing system should be supplemented by other reforms to improve revenue mobilization, enhance compliance.

scholarly journals The use of consumer neuroscience in aroma marketing of a service company

10.5219/1465 ◽  
2020 ◽  
Vol 14 ◽  
pp. 1200-1210
Author(s):  
Jakub Berčí­k ◽  
Anna Mravcová ◽  
Jana Gálová ◽  
Martin Mikláš
Keyword(s):  
Consumer Preferences ◽  
Positive Impact ◽  
Objective Assessment ◽  
Service Company ◽  
Service Companies ◽  
Consumer Neuroscience ◽  
Questionnaire Method ◽  
The Right ◽  
Face Reading ◽  
The Impact

In today's highly competitive era, it is becoming increasingly difficult for businesses to attract and keep customers. Modern marketing strategies focused on examining customer behavior, and possibilities of the business sector in influencing them are becoming increasingly beneficial. Consumer neuroscience has great potential here, as it reveals internal consumer preferences by using innovative techniques. Human senses play an important role in affecting these preferences, and smell has the greatest potential to influence customers subconsciously, and thus support the sale of products, keep customers in the store longer, or build a brand. Aroma marketing is the continuously developing field of consumer neuroscience. The paper aims to examine the use of consumer neuroscience in aroma marketing of a service company. After theoretical analysis, we carried out practical research aimed at examining the impact of aroma marketing in a selected service company – Sport Café in Nitra – to increase the sales of a particular product, and its real impact on the economic indicators of this company through the use of consumer neuroscience tools and questionnaire survey. In aromatization, choosing the right aroma is of the utmost importance, therefore in our research, this selection was done in the Laboratory of Consumer Studies at the Faculty of Economics and Management, SUA in Nitra. The research was carried out through conscious and unconscious testing of selected aromas by a randomly chosen sample of customers. Conscious testing included using a questionnaire method and unconscious testing was done using a face-reading device that provides an objective assessment of emotions based on facial expressions. The choice of aroma was followed by testing in real conditions, by diffusing the aroma in the café. Based on the collected data, we confirmed the positive impact of aromatization on coffee sales. In conclusion, we present some recommendations for service companies, focused mainly on cafés, with emphasis on the importance of aromatization for attracting and keeping customers and improving profitability.

scholarly journals The impact of employee remuneration inequalities on employee productivity in the South African workplace

2021 ◽  
Vol 14 (1) ◽  
Author(s):  
Gerhardus Van Zyl
Keyword(s):  
Panel Data ◽  
South African ◽  
Manufacturing Industry ◽  
Negative Impact ◽  
Positive Impact ◽  
Value Added ◽  
Employee Productivity ◽  
The South ◽  
Ongoing Research ◽  
The Impact

Orientation: This article is part of an ongoing research project on various aspects of employee productivity in the South African workplace.Research purpose: The aim of this article is to determine firm-based employee productivity impacts as a result of employee remuneration inequalities (excess-remuneration and under-remuneration) in the South African workplace.Motivation for the study: The study focuses on understanding the impact and magnitude of employee remuneration inequalities on employee productivity in a unionised South African workplace.Research design: The article adopts two distinct estimation models. The aim of the additive multivariate linear estimation model is to determine the sign and the significance of the impact of both under- and excess-remuneration levels on employee productivity when employee characteristics such as levels of training, work experience and managerial involvement are considered. The second model is a fixed-effect panel data estimation where the full sample set of the relevant firm-based data is used. The aim of the panel data estimations is to estimate the robustness of the additive multivariate linear estimates. The manufacturing industry of Gauteng has been chosen as the case study, given the importance of this industry, in the gross geographical product of Gauteng province and the availability of firm-based data.Main findings: Estimation results indicate a strong and significant negative impact of under-remuneration on employee productivity levels. Excess-remuneration levels have a small positive impact on employee productivity levels.Practical/managerial implications: The estimations indicate the necessity to eliminate remuneration inequalities and opt for equalised remuneration structures for similar occupations in the market to enhance employee productivity levels.Contribution/value-added: The study contributes to our understanding of the impact of remuneration inequalities for similar occupations on employee productivity.

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