This paper reports the findings of an applied research on inventory management at a textile chain store in Malaysia. It specifically examined the relationship between inventory management and company's performance. Interviews with the company management were conducted to identify the inventory management issues and system used by the company. The relationship between the inventory management and company performance was determined based on inventory days and return on asset (ROA) analysis. The research found that company X had a few inventory problems such as unorganized inventory arrangement, large amount of inventory days / no cycle counting and no accurate records balance due to unskilled workers. The study also proved that there was a significant relationship between return on asset (ROA) and inventory days. This paper also provides recommendation to the company and for further research. Index Terms-inventory management, performance
As a fast expanding business, the Halal industry is now estimated at USD 2.1 trillion. The attention and demand for Halal certified services and products continues to rise throughout the world because Halal is not only for religious obligations, but there is also a rising demand from non-Muslims. Halal is not only concerned about religious requirements such as the right way to slaughter animals and prepare food. Halal products also attract non-Muslim consumers as it also focuses on where the resources and materials of the product come from. Hence, traceability and integrity of the product are part and parcel of a product being labelled Halal. Halal practices do not come to an end when the product has been manufactured as a product could easily lose its Halalness if it gets contaminated during the transportation and storage prior to retailing. Hence, training industry professional is crucial as the lack of professionalism in the transport and logistics process in the supply chain may cast doubts on the Halal status of a product. This study focuses on the level of training that professionals in the third party logistics industry have on Halal standards and what must be done to bridge the gap in training. The current research relies heavily on disclosed and published materials such as logistics firms annual reports, journals, newspapers and business magazines articles, published reports produced by consultants, special studies and reports commissioned by the Malaysian Government for an analysis of the current state of industry.
<p>Generation Y, individuals age 34 years and below are dominating the workforce in Malaysia today with nearly half of the labour force comprised of this generational cohort. They will be playing a vital role in the Malaysian labour market and will have unprecedented impact to the country’s future economic growth. However, a dilemma confronting leaders today is the limited understanding when leading the Gen Y. This paper is not empirically based but merely conceptual in nature. It is aimed at presenting the preliminary work for a study. The concepts of leadership and the many theories that have evolved are examined. Review of past literature concerning the Gen Y and their leaders are deliberated. From the literature review, many missing parameters were discovered. Firstly, studies in Gen Y mostly covers motivation, values, behaviours, job satisfaction and organisational commitment but not on leadership preferences per se. In addition to that many of the studies conducted are in the Western perspectives and to accept the results entirely will be an over-generalisation. Lastly, the field of leadership is continuously evolving inspired by the current wants and needs. Thus this brings light to the intention of this study which is to explore the leadership preferences of Gen Y employees specifically looking at the local context. The conceptual framework proposed as the foundation of this study consists of the different leadership theories from early days of trait theory to the more contemporary transformational leadership theory. This conceptual framework will guide in the data collection process whereby a basic qualitative method is proposed as the most suitable approach for this study. It will be based on the interpretive or constructivist perspective where multiple realities and lived experiences of Gen Y concerning their leadership preferences will be uncovered through in depth interviews with the participants involved.</p>
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