Keresés
Keresési eredmények
-
Linking Process Integration and Employee Commitment: A Study of SMEs in South West Region of Nigeria
1-19Megtekintések száma:9The South-West region of Nigeria presents inherent challenges and opportunities that are peculiar to small and medium-sized enterprises (SMEs) and shape their operational dynamics and employee behavior. Hence, this paper aims to investigate the linkage between process integration and employee engagement: a study of SMEs in South-West region of Nigeria. Specifically, it examined the effects of career development workshops, effective communication, and leadership competence on employee commitment. A descriptive survey research design was adopted, with a total of 253 selected registered electrical and electronics stores across the six South-Western states of Nigeria (Lagos, Ogun, Oyo, Osun, Ondo, and Ekiti). 155 participants were administered a structured questionnaire. Data collected was analyzed using PLS-SEM. Findings revealed that effective communication has the strongest effect on employee commitment (β = 0.391, t = 3.837, p < 0.000), followed by leadership competence (β = 0.292, t = 3.165, p < 0.002), and career development workshop (β = 0.201, t = 2.993, p = 0.003). It concluded that process integration is significantly vital for driving employee commitment in selected electrical and electronics SMEs stores in South-West region of Nigeria. It is therefore strongly recommended that, to increase employee commitment among Electronic SMEs, their managers should focus on ensuring that the essential features of process integration, such as leadership competence, effective communication, and career development, are adequately implemented and practiced within the organization.
-
Food Industry 4.0 Readiness in Hungary
1-12Megtekintések száma:563In terms of production value, the food industry is the third-largest in Hungary, the first in Hungary in terms of the number of employees, and the first in Europe in the processing industry, as well as a significant user of resources. The research examined the state of art of digitalization readiness, focusing on I4.0 technologies, which supports the management to operate more efficiently the enterprise and to make better decisions. So the focus was on integrated enterprise information systems, management support systems, business intelligence systems, industry 4.0 technologies, and issues related to their application. The analysis based on an online questionnaire survey the request sent to 4.600 enterprises, the response rate was 5% which was representative of the branches of production, covered the Hungarian food and beverage manufacturing sectors in 2019. The companies were asked the most critical technologies in development, going towards Industry 4.0. The research tools were LimeSurvey, Mailing List Server, Excel, Power BI (Desktop, Publishing Server to distribute the results). The used analysing methods were making calculations, pivot tables, models, dasboards. We found that a significant portion of businesses, 78 %, use mobile devices in the manufacturing process. The three most relevant digital technologies are geolocating (GPS, GNSS), cloud computing, and sensor technology. The current level of digitalization and integration cannot be said to be high, but respondents are very optimistic about expectations. Improvements are expected in all areas in the next 2-3 years in terms of digitalisation and integration. Vertical integration involves, first and foremost, cooperation with partners in the supply chain. Horizontal integration means close, real-time connectivity and collaboration within the company. Unfortunately, between 6% and 15% of SMEs (approximately 9% on average) and large enterprises, 36% have a digital strategy. According to the survey, the sector needs significant improvement and creating a digitalization strategy.
-
International Financial Reporting Standards Convergence Process for Small and Medium-Sized Entities
1-12Megtekintések száma:1018The "International Financial Reporting Standards (IFRS) Convergence Process for Small and Medium-Sized Entities (SMEs)" seeks to address the unique challenges and requirements faced by smaller businesses in adhering to international accounting and reporting standards. This initiative recognizes that SMEs operate in diverse economic environments and have distinct financial reporting needs compared to larger enterprises. The primary purpose of this convergence process is to enhance the relevance, accessibility, and practicality of IFRS for SMEs, fostering consistency in financial reporting practices across global markets.A project to create accounting standards appropriate for small and medium-sized businesses (SMEs) is being worked on by the International Accounting Standards Board. This abstract provides an overview of the convergence process involving International Financial Reporting Standards (IFRS) for Small and Medium Sized Entities (SMEs). With the global landscape of financial reporting constantly evolving, the integration of IFRS tailored specifically for SMEs marks a pivotal transition towards harmonizing financial reporting practices. This paper examines the essential elements and implications of this convergence, addressing the challenges and benefits faced by SMEs as they align with these international standards. The analysis delves into the driving factors behind the convergence, including the necessity for a unified and transparent financial reporting framework, aiming to facilitate comparability and accessibility of financial information across borders. Furthermore, the abstract discusses the potential impact on SMEs' financial reporting quality, decision-making processes, and access to capital. Through a comprehensive review of the convergence process, this abstract seeks to contribute to the understanding of the significance and implications of adopting IFRS for SMEs, thereby providing valuable insights for practitioners, regulators, and stakeholders in the financial reporting ecosystem.
-
Generative Design of Articulated Rod of Radial Engine
36-47Megtekintések száma:792The constant need for improvement drives humans to look for the best possible option in every field. Computer Aided Design (CAD) is no exception, to follow the best method of designing a product and finalizing it, researchers came up with an idea to generate multiple designs using fixed input values and finalizing the most appropriate one. The objective is achieved using an iterative design process based on algorithms by a specific software. Generative design introduces a new experience based on the Integration of machine dynamics in the manufacturing of objects and about experience. In this work generative design method was investigated on an articulated rod, one of the most important components of the rotary engine, to effectively improve the overall working performance of the engine and enhance its performance by decreasing its mass. Since fuel consumption by the machine can be greatly reduced by lowering the mass, so the goal is to minimize the weight of the rod while mechanical characteristics have to be within the acceptable values. Also, finite element analysis (FEA) was investigated on the part as to ensure the reliability of the rod before and after optimization.
-
Role of Lean and Agile Supply Chain Models for Pellet Fuel Technologies
119-130Megtekintések száma:362Business organisations constantly strive to improve their processes, both internal and external. Within the supply chain of a product, different strategies can be applied. This paper aims to answer the basic questions like what is the core of lean and agile SCM strategies, what are the differences of the two models, and how can they be combined. This paper examines further, which of these SCM models and what elements of them can be applied for wood pellet supply chains, also examining the possibility of their combination. The result of these examinations is, that even though fuel pellets can be considered as simple commodity and not a very innovative product, diversity in input characteristics, optimization of fuel pellet technology process variables and changes in output market qualities and quantities need sometimes agile, flexible answer from pellet fuel SCM. The basically lean character of pellet fuel technologies and SCM can further enhanced by implementing agile SCM model elements, as is the increased integration of suppliers into the supply chain.
