The Impact of Implementation of Standardized Quality Management Systems on Management of Liabilities in Group Purchasing Organizations

Zimon, Dominik; Zimon, Grzegorz

doi:10.12776/qip.v23i1.1210

Cited by 29 publications

(22 citation statements)

References 15 publications

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“…A relevant milestone for this was Annex SL, published in 2012 to homogenize the high-level structure of its standards and facilitate integrated management systems [39][40][41]. The benefits generated in companies by the implementation of these standards are highlighted in the literature [42,43]. Among them, ISO 9001 and ISO 14001 has been received much attention, since they are the most implemented ISO standards in the world [44][45][46].…”

Section: Integrated Management Systems With Iso 50001 and Other Iso Smentioning

confidence: 99%

Challenges Presented in the Implementation of Sustainable Energy Management via ISO 50001:2011

et al. 2019

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Considering the importance of ISO 50001 in sustainable development, the objective of this research is to identify the challenges found by organizations during the implementation of ISO 50001:2011, according to the literature. To address this objective, a systematic search was conducted. Scientific papers from the following international databases were used: Science Direct, Emerald Insight, Scopus, Springer, Wiley, and Taylor and Francis. Permutations of the terms “ISO 50001” and “Challenges”, “Barriers”, “Lacks”, “Gaps”, “Obstacles”, “Problems”, and “Limitations” were searched. Following this strategy, 206 documents were found. After removing book chapters, articles from proceedings, duplicate articles, and articles that did not mention any challenge related to ISO 50001, 17 articles were left. Eleven challenges were found in these articles. The most cited challenges were: “Lack of Resources-Limitations (HR, Technologies, Infrastructure, Financial, Time)”, “Difficulty to determine the energy baseline and energy performance indicators”, “Human Resources deficiencies (competences, knowledges, and abilities)”, and “Lack of management support and/or commitment”. The challenges most cited shows the need for better planning before implementation as well as a comprehensive analysis of the organization’s requirements and features. The findings of this research show that this theme is still underexplored. The results presented can contribute to future industrial policies to potentialize countries’ economies.

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Section: Integrated Management Systems With Iso 50001 and Other Iso Smentioning

confidence: 99%

Challenges Presented in the Implementation of Sustainable Energy Management via ISO 50001:2011

et al. 2019

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“…The higher the profitability results, the better the situation and the higher the level of profits. That means control of costs, including the costs of bankruptcy which may not be [16]. The financial liquidity ratio should be in the range of 1.2-2.…”

Section: Results -Indicators Informing About Business Bankruptcymentioning

confidence: 99%

Bankruptcu Risk Assessment Measures of Polish SMEs

Chłodnicka¹,

Zimon²

2020

Wseas Transactions on Business and Economics

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The accuracy of economic decisions depends on the quality of financial information, mainly derived from financial statements prepared by business entities and other units. Thus, there is a need to create so-called information systems for early warning. Good information could protect many entities from the risk of bankruptcy. This is particularly true for micro, small and medium-sized business entities. For such entities there is a need to create simple indicators informing about the impending financial crisis, most often associated with the loss of the ability to settle current liabilities. The aim of the article is to present a group of financial indicators on the basis of which managers can easily and most importantly very quickly assess the possibility of financial difficulties arising, which will result in the bankruptcy of an individual. Most importantly, the indicators presented can be used by managers of small enterprises with great ease. The indicators presented are primarily addressed to a group of small and medium-sized enterprises thanks to which managers can protect an enterprise against bankruptcy.

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“…In the literature one can find various opinions on the subject of the level of net working capital. There are the authors who recommend maintaining high levels of net working capital, there are also those who strongly criticize it [5,6,7,8].…”

Section: Working Capital -Literature Reviewmentioning

confidence: 99%

“…K. Smith [16] suggests that working capital decisions also affect business performance. On the other hand, Y.J Wang [17] states that large, rich companies from Japan and Taiwan have significantly lower levels of working capital compared to businesses with lower market values. So there is a group of authors who strongly criticize the high level of net working capital [18,19].…”

Section: Working Capital -Literature Reviewmentioning

confidence: 99%

Management Strategies of Working Capital in Polish Services Providing Companies

Zimon

2020

Wseas Transactions on Business and Economics

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Net working capital aims at keeping companies in good financial condition and, above all, ensuring their financial security. It appears in micro, small, medium and large companies operating in every sector. In the case of services providing companies working capital management is very limited as in such businesses there is no inventory, which is the least liquid element of current assets. Therefore, in such companies working capital management strategies are based on the management of short-term receivables, short-term investments and short-term liabilities. In the paper services providing companies operating in the transport and tourism sectors have been presented. The research period covers the years 2016-2018. By means of selected statistical methods and appropriate financial indicators it was found that transport companies used different working capital management strategies compared to companies operating in the tourism sector.

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The Impact of Implementation of Standardized Quality Management Systems on Management of Liabilities in Group Purchasing Organizations

Cited by 29 publications

References 15 publications

Challenges Presented in the Implementation of Sustainable Energy Management via ISO 50001:2011

Challenges Presented in the Implementation of Sustainable Energy Management via ISO 50001:2011

Bankruptcu Risk Assessment Measures of Polish SMEs

Management Strategies of Working Capital in Polish Services Providing Companies

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