Odai Khamaiseh, Mohammad Alghababsheh, Saowanit Lekhavat and Mushfiqur Rahman
This study examines the impact of inter-organisational justice (i.e. distributive, procedural and interactional) in the buyer–supplier relationship on supply risk and, in turn, on…
Abstract
Purpose
This study examines the impact of inter-organisational justice (i.e. distributive, procedural and interactional) in the buyer–supplier relationship on supply risk and, in turn, on a firm’s marketing and financial performance.
Design/methodology/approach
A structured survey was administered both online and in-person to Jordan-based manufacturing companies. The 137 responses received were analysed using partial least structural equation modelling.
Findings
The study found that while establishing both procedural and interactional justice in the relationship has a negative impact on supply risk, promoting distributive justice, surprisingly, has no impact. Moreover, supply risk was found to be detrimental to the firm’s marketing and financial performance.
Research limitations/implications
This study considers only the direct role of inter-organisational justice in reducing supply risk. Future research could enhance our understanding of this role by exploring the underlying mechanisms and conditions that could govern it.
Practical implications
Managers can alleviate supply risk by ensuring procedural and interactional justice in the relationship through involving suppliers in the decision-making processes, consistently adhering to established procedures and communicating transparent and ample information.
Social implications
Addressing supply risk can help in maintaining community resilience and economic stability.
Originality/value
The study highlights inter-organisational justice as a new approach to mitigating supply risk. Moreover, by examining how supply risk can affect a firm’s marketing performance, it also highlights a new implication of supply risk. Furthermore, by exclusively examining the impact of supply risk on a firm’s financial performance, the study provides a more nuanced interpretation of the effect of supply risk and how it can be reduced.
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Ebenezer Afum, Yaw Agyabeng-Mensah, Charles Baah and Essel Dacosta
This study aims to find out whether firms in the local textiles industry are benefiting from the combined implementation of lean practices (LPs) and quick-response manufacturing…
Abstract
Purpose
This study aims to find out whether firms in the local textiles industry are benefiting from the combined implementation of lean practices (LPs) and quick-response manufacturing (QRM) during the era of COVID-19. The study further explores the mediating role played by quick response manufacturing in the relationship between LPs, internal process performance (IPP) and customer performance.
Design/methodology/approach
A questionnaire is used to garner data from 123 local firms in Ghana’s textile industry. The analysis for all the hypothesized relationships is done using partial least square structural equation.
Findings
The results of the study indicate that LPs significantly strengthen the implementation of QRM. The result also suggests that LPs and QRM can be combined to influence IPP and customer performance. The results further suggest that QRM mediates the relationship between LPs, IPP and customer performance.
Originality/value
This study proposes and develops an integrated research model that explores the synergistic application of LPs and QRM in achieving improvements in IPP and customer performance from an emergent country perspective during the era of COVID-19. QRM serves as an important mechanism through which the relationship between LPs, IPP and customer performance can be explained.
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Feibai Huang, Jonathan Rothenbusch, Konstantin Schütz, Sophie Fellenz and Björn-Martin Kurzrock
We demonstrate the practical application of machine learning (ML) techniques in document processing, addressing the increasing need for digitalization in the real estate industry…
Abstract
Purpose
We demonstrate the practical application of machine learning (ML) techniques in document processing, addressing the increasing need for digitalization in the real estate industry and beyond. Our focus lies on identifying efficient algorithms for extracting individual documents from multi-page PDF files. Through the implementation of these algorithms, organizations can accelerate the digitization of paper-based files on a large scale, eliminating the laborious process of one-by- one scanning. Additionally, we showcase ML-powered methods for automating the classification of both digital and digitized documents, thereby simplifying the categorization process.
Design/methodology/approach
We compare two segmentation models that are presented in this paper to analyze the individual pages within a bulk scan, identifying the starting and ending points of each document contained in the PDF. This process involves extracting relevant features from both the textual content and page design elements, such as fonts, layouts and existing page numbers. By leveraging these features, the algorithm accurately splits multi-document PDFs into their respective components. An outlook is provided with a classification code that effectively categorizes the segmented documents into different real estate document classes.
Findings
The case study provides an overview of different ML methods employed in the development of these models while also evaluating their performance across various conditions. As a result, it offers insight into solutions and lessons learned for processing documents in real estate on a case-by-case basis. The findings presented in this study lay the groundwork for addressing this prevalent problem. The methods, for which we provide the code as open source, establish a solid foundation for expediting real estate document processing, enabling a seamless transition from scanning or inbox management to digital storage, ultimately facilitating machine-based information extraction.
Practical implications
The process of digitally managing documents in the real estate industry can be a daunting task, particularly due to the substantial volume of documents involved, whether they are paper-based, digitized or in digital formats. Our approach aims to streamline this often tedious and time-consuming process by offering two models as simplified solutions that encourage companies to embrace much-needed digitization. The methods we present in this context are crucial for digitizing all facets of real estate management, offering significant potential in advancing PropTech business cases. The open-source codes can be trained further by researchers and practitioners with access to large volumes of documents.
Originality/value
This study illustrates effective methods for processing paper-based, digitized and digital files, along with tailored ML models designed to enhance these methods, particularly within the real estate sector. The methods are showcased on two datasets, and lessons learned are discussed.
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Anannya Gogoi, Jagriti Srivastava and Rudra Sensarma
While firms in developing countries are increasingly adopting lean practices of inventory management, there is limited evidence showing the impact of lean practices on firm…
Abstract
Purpose
While firms in developing countries are increasingly adopting lean practices of inventory management, there is limited evidence showing the impact of lean practices on firm performance in countries such as India. Lean practices improve the financial performance of the firms through superior cost-reduction measures and operational efficiencies. This paper examines the impact of inventory leanness in Indian manufacturing firms on their financial performance.
Design/methodology/approach
The authors measure inventory leanness based on stochastic frontier analysis (SLA), apart from using conventional measures available in the literature. The authors analyze the impact of inventory leanness on the financial performance of firms by examining data for 12,334 unique Indian manufacturing firms for the period 2009–2018. The authors present a comparative analysis using different methods of inventory leanness and study the effects on firm performance.
Findings
First, the authors find that only 68 industries out of 411 industries follow lean practices, i.e. most industries do not follow lean practices. Second, the estimation results show that there exists a positive relationship between inventory leanness and firm performance. The results suggest that an inverted U-shaped relationship exists between inventory leanness and firm performance for the entire sample. In particular, 17% of the industries in the sample exhibit such a relationship, and it is sufficiently strong to show up in the average regression results for the entire sample.
Originality/value
The authors introduce a novel measure of inventory leanness named stochastic frontier leanness based on the SFA method used in production economics. It measures leanness by benchmarking the inventory levels against the industry “frontier”. Furthermore, the authors conduct an empirical study of the lean-financial performance relationship with a large panel dataset of Indian firms instead of the survey-based methods that were previously used in the literature.
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Abdullah Kaid Al-Swidi, Mohammed A. Al-Hakimi and Hamood Mohammed Al-Hattami
This paper aims to explore how lean manufacturing practices (LMPs) predict sustainable performance (SP) in the context of manufacturing small and medium-sized enterprises (SMEs…
Abstract
Purpose
This paper aims to explore how lean manufacturing practices (LMPs) predict sustainable performance (SP) in the context of manufacturing small and medium-sized enterprises (SMEs) in less developed countries, like Yemen. In particular, it investigates the mediating effect of corporate social responsibility (CSR) under different levels of competitive intensity (CI).
Design/methodology/approach
Hierarchical regression analysis was used to analyze data gathered from a survey of 259 Yemeni manufacturing SMEs.
Findings
The findings confirm that LMPs affect CSR, which in turn affects SP. This study also confirms that LMPs have a positive indirect effect on SP through CSR, which diminished in the presence of CI.
Practical implications
This study provides useful insights for policymakers and firms’ managers, who are anticipated to show a higher commitment to CSR in their firms when adopting LMPs to enhance their firms’ SP, especially under a low level of CI.
Originality/value
This paper contributes to expanding knowledge on the effect of LMPs on SP through CSR constrained by the level of CI.