Enrique Bonsón, Virginia Cortijo, Tomas Escobar, Francisco Flores and Sergio Monreal
The purpose of this paper is to analyse the way in which the insurance industry is facing the renewal of its regulatory framework with respect to the levels of solvency that…
Abstract
Purpose
The purpose of this paper is to analyse the way in which the insurance industry is facing the renewal of its regulatory framework with respect to the levels of solvency that insurance entities should maintain. This paper also addresses how technological initiatives in general, and the eXtensible Business Reporting Language (XBRL), in particular, are making a key contribution to the process of adaptation to the new regulation.
Design/methodology/approach
The paper analyses the particular advantages that the application of the XBRL standard can offer in this process, and highlight new lines for further research.
Findings
After analysing the current situation of the insurance industry, the paper concludes that technological systems, such as XBRL, are necessary to support the consolidation of financial information, and to ensure the digital transparency of the insurer organisations that are engaged in this new regulatory challenge.
Practical implications
XBRL is a key resource in the European Common Reporting Project whose objective is the implementation of Basel II in the European Union. The implementation of Solvency II can benefit from this previous experience. Therefore, it suggest a proposal for action.
Originality/value
The affiliation of the authors to the insurance sector, the academia and the XBRL community contributes to create a complete view of the possibilities of this breaking project.
Details
Keywords
D. Elangovan, G. Sundararaj, S.R. Devadasan and P. Karuppuswamy
Manufacturing organisations are expected to produce their products with prompt delivery using better supply chain activities. Starting from the procurement of raw materials to the…
Abstract
Manufacturing organisations are expected to produce their products with prompt delivery using better supply chain activities. Starting from the procurement of raw materials to the delivery of final products, there are inevitable losses occurring due to major time delays in supply chain activities. Hence it is essential to study, understand and track these major time delays by developing futuristic supply chain risk management strategies. This paper reports a research which was conducted to meet this requirement. During this research, major time delays were investigated by conducting a questionnaire supported interview based survey in 15 manufacturing organisations. On analysing the responses, pilot strategies for achieving loss reduction have been proposed. The paper is concluded by pointed out the necessity for developing dynamic models for achieving loss reduction and continuous improvement.
Details
Keywords
The purpose of this paper is to investigate the contributions of successful total productive maintenance (TPM) initiatives to competitive manufacturing. It also seeks to…
Abstract
Purpose
The purpose of this paper is to investigate the contributions of successful total productive maintenance (TPM) initiatives to competitive manufacturing. It also seeks to critically examine the implications of strategic TPM implementation initiatives in an Indian manufacturing organisation.
Design/methodology/approach
The study is carried out at a precision tube mill that has successfully implemented TPM and has reaped significant benefits as a result of TPM implementation, to study the TPM implementation issues and achievements realised as a result of strategic TPM implementation. The approach is directed towards the justification of TPM implementation for its support to competitive manufacturing in Indian industries.
Findings
The study reveals the exploits of Indian entrepreneurs with TPM practices and highlights the contributions of TPM in realising the overall organisational goals and objectives. The study reveals that strategic TPM initiatives can significantly contribute towards the improvement of manufacturing performance in the organisation, leading to the realisation of core competencies for meeting global challenges.
Research limitations/implications
The study is conducted to develop an understanding of contributions of TPM initiatives towards building manufacturing competencies in Indian manufacturing industry. The present study endeavours to investigate the effect of an aggressive TPM implementation plan for strategically meeting global challenges and competition.
Practical implications
The study highlights the contributions of strategic TPM initiatives to organisational performance and highlights the need for the successful management of TPM programmes for establishing sustained maintenance improvement initiatives.
Originality/value
The study highlights the contributions made by holistic TPM implementation at a precision tube mills in an Indian manufacturing enterprise.
Details
Keywords
Jagdeep Singh and Harwinder Singh
The purpose of this paper is to assess TPM pillars for manufacturing performance improvement in the manufacturing organizations of Northern India and to identify critical and…
Abstract
Purpose
The purpose of this paper is to assess TPM pillars for manufacturing performance improvement in the manufacturing organizations of Northern India and to identify critical and non-critical components based on failure history, to minimize machine downtime, maximize component/machine availability and to identify failure modes, their causes and effects of these failures on machines or components in the case company under study.
Design/methodology/approach
In this paper, TPM pillars in the paint manufacturing plant have been elaborated to ascertain the tangible and intangible benefits accrued as a result of successful TPM implementation. The approach has been directed toward justification of TPM implementation for its support to competitive manufacturing in the context of Indian manufacturing industries.
Findings
Findings suggest that maintenance planning is more effective than small improvements for achieving benefits from TPM pillars. Moreover, results indicated that critical components show average reliability and failure probability of about 50 percent.
Originality/value
The present study encompasses systematic identification of maintenance-related losses, setting up of targets regarding maintenance performance improvements and developing guidelines for achieving enhanced manufacturing system performance through strategic TPM implementation in the manufacturing plant, which can also be important to all concerned with maintenance in various manufacturing enterprises.
Details
Keywords
Sandeep Kumar Singh, Amit Singh, Mamata Jenamani and Nripendra P. Rana
As an emerging technology, Radio Frequency IDentification (RFID) and blockchain have the potential to disrupt many areas of business and social structure. However, it is loaded…
Abstract
Purpose
As an emerging technology, Radio Frequency IDentification (RFID) and blockchain have the potential to disrupt many areas of business and social structure. However, it is loaded with significant technical, social, legal, financial and ethical complications that bring difficulty in its widespread use within the public distribution system (PDS). This research aims to analyze the barriers to integrated RFID and blockchain adoption in developing countries' PDS. Furthermore, this study also aims to validate the proposed framework against the Indian PDS.
Design/methodology/approach
The proposed framework consists of 10 potential barriers to integrated RFID and blockchain adoption. To identify the barriers, this study referred to the extant literature followed by consultations with domain experts. This study prepared the DEMATEL-based questionnaires, collected the data from four domain experts and analyzed them using an integrated Grey-DEMATEL approach.
Findings
The obtained results provide a precise list of barriers and the correlations among them. From the results, it is concluded that the unavailability of a skilled workforce at affordable cost, lack of knowledge about privacy level and unclear return on investment and benefits are the most critical blockchain adoption barriers in the context of Indian PDS.
Originality/value
This research proposes a framework consisting of 10 integrated RFID and blockchain adoption barriers in relation to Indian PDS. It also proposes a method for analyzing causal interrelationships between the barriers while allowing for data input from domain experts. Consequently, the framework is capable of coping with experts' biases and data scarcity.
Details
Keywords
Supply chain risk (SCR) has increasingly attracted academic and corporate interest; however, the SCR debate in academic literature is rather limited to case- and location-specific…
Abstract
Purpose
Supply chain risk (SCR) has increasingly attracted academic and corporate interest; however, the SCR debate in academic literature is rather limited to case- and location-specific studies. Hence, the purpose of this paper is to utilize a systematic literature review (SLR) to explore the SCR research trends and gaps within the management literature.
Design/methodology/approach
To achieve the research objective an SLR, looking into 25 years since 1990, into supply chain risk management (SCRM) was conducted, which resulted in 114 papers.
Findings
While the SCRM literature is growing, results from the SLR identified limited organized understanding of what constitutes a holistic SCR process, and high reliance of particular categories for SCR, such as the high reliance on specific country settings (the USA and the UK); limited presence of cross competitive SCR process analysis and challenges in developing conceptual SCR frameworks.
Research limitations/implications
The SCR embeds categories of location, scope of supply chain, risk management tools, and the industry sectors involved. The search for related publications was mainly used from a wide range of coverage from accountancy to design in SCR; hence, although there is indication to specific industries, and foci of risk, this could be explored further.
Practical implications
This review of SCRM identifies various research gaps and directions for future research to develop theory and a practical understanding of SCR.
Originality/value
The current literature on SCR has been assessed based on its definition and utilization. The current paper bridges this gap by synthesizing the diverse academic journal papers into the categories based on the design continuum, relationship continuum, process continuum and economic continuum. In addition, it highlights the gaps in industry context, theoretical contribution, geographic location, and research methods applied and addresses the scope for further research.
Details
Keywords
Aditi Saha, Rakesh D. Raut, Mukesh Kumar, Sanjoy Kumar Paul and Naoufel Cheikhrouhou
This paper aims to explore the underlying intention behind using blockchain technology (BLCT) in the agri-food supply chain (AFSC). This is achieved by using a conceptual…
Abstract
Purpose
This paper aims to explore the underlying intention behind using blockchain technology (BLCT) in the agri-food supply chain (AFSC). This is achieved by using a conceptual framework based on technology acceptance models that considers various factors influencing user behavior toward implementing this technology in their practices.
Design/methodology/approach
The conceptual framework developed is empirically validated using structural equation modeling (SEM). A total of 258 respondents from agri-food domain in India were involved in this survey, and their responses were analyzed through SEM to validate our conceptual framework.
Findings
The findings state that food safety and security, traceability, transparency and cost highly influence the intention to use BLCT. Decision-makers of the AFSCs are more inclined to embrace BLCT if they perceive the usefulness of the technology as valuable and believe it will enhance their productivity.
Practical implications
This study contributes to the existing literature by providing thorough examination of the variables that influence the intention to adopt BLCT within the AFSC. The insights aim to benefit industry decision-makers, supply chain practitioners and policymakers in their decision-making processes regarding BLCT adoption in the AFSC.
Originality/value
This study investigates how decision-makers’ perceptions of BLCT influence their intention to use it in AFSCs, as well as the impact of the different underlying factors deemed valuable in the adoption process of this technology.
Details
Keywords
Koppiahraj Karuppiah, Bathrinath Sankaranarayanan, Idiano D’Adamo and Syed Mithun Ali
Industry 4.0 (I4.0) not only turns traditional industrial activities upside down but also demonstrates its potential to enhance industrial competitiveness and productivity. In…
Abstract
Purpose
Industry 4.0 (I4.0) not only turns traditional industrial activities upside down but also demonstrates its potential to enhance industrial competitiveness and productivity. In this context, technological advancement and I4.0 is a strategy to be pursued. This study aims to consider different I4.0 technologies by analysing Indian small and medium enterprises (SMEs).
Design/methodology/approach
Key factors and promising I4.0 technologies were selected using literature analysis and experts’ panel. The appropriate I4.0 technology for Indian SMEs is recommended using the fuzzy complex proportional assessment (COPRAS) method.
Findings
Results reveal that ability to expand IT infrastructure, change in the organization’s structure and the capacity to analyse key performance indicators as three crucial key factors in I4.0 implementation. In particular, the smart factory is identified as a better I4.0 for Indian SMEs.
Originality/value
This work has analysed Indian SMEs, but it is appropriate for other developing economies with limited technical resources, financial resources and inadequate skill sets. This work identifies a gap in the current literature, and the findings proposed by this work are oriented to assist decision makers, industrial managers and practitioners in selecting I4.0 technology and enhancing the industrial infrastructure. At the same time, cooperation between the government and industrial community is required to develop programmes for imparting the knowledge of I4.0 among SMEs. The framework used in this study will arm the industrial management in adopting I4.0.
Details
Keywords
Chien-Wen Shen and Phung Phi Tran
This study aims to provide a more complete picture of blockchain development by combining numerous methodologies with diverse data sources, such as academic papers and news…
Abstract
Purpose
This study aims to provide a more complete picture of blockchain development by combining numerous methodologies with diverse data sources, such as academic papers and news articles. This study displays the developmental status of each subject based on the interrelationships of each topic cluster by analyzing high-frequency keywords extracted from the collected data. Moreover, applying above methodologies will help understanding top research topics, authors, venues, institutes and countries. The differences of blockchain research and new are identified.
Design/methodology/approach
To identify and find blockchain development linkages, researchers have used search terms such as co-occurrence, bibliographic coupling, co-citation and co-authorship to help us understand the top research topics, authors, venues, institutes and countries. This study also used text mining analysis to identify blockchain articles' primary concepts and semantic structures.
Findings
The findings show the fundamental topics based on each topic cluster's links. While “technology”, “transaction”, “privacy and security”, “environment” and “consensus” were most strongly associated with blockchain in research, “platform”, “big data and cloud”, “network”, “healthcare and business” and “authentication” were closely tied to blockchain news. This article classifies blockchain principles into five patterns: hardware and infrastructure, data, networking, applications and consensus. These statistics helped the authors comprehend the top research topics, authors, venues, publication institutes and countries.
Research limitations/implications
Since Web of Science (WoS) and LexisNexis Academic data are used, the study has few sources. Others advise merging foreign datasets. WoS is one of the world's largest and most-used databases for assessing scientific papers.
Originality/value
This study has several uses and benefits. First, key concept discoveries can help academics understand blockchain research trends so they can prioritize research initiatives. Second, bibliographic coupling links academic papers on blockchain. It helps information seekers search and classify the material. Co-citation analysis results can help researchers identify potential partners and leaders in their field. The network's key organizations or countries should be proactive in discovering, proposing and creating new relationships with other organizations or countries, especially those from the journal network's border, to make the overall network more integrated and linked. Prominent members help recruit new authors to organizations or countries and link them to the co-authorship network. This study also used concept-linking analysis to identify blockchain articles' primary concepts and semantic structures. This may lead to new authors developing research ideas or subjects in primary disciplines of inquiry.
Details
Keywords
Betul Gokkaya, Erisa Karafili, Leonardo Aniello and Basel Halak
The purpose of this study is to increase awareness of current supply chain (SC) security-related issues by providing an extensive analysis of existing SC security solutions and…
Abstract
Purpose
The purpose of this study is to increase awareness of current supply chain (SC) security-related issues by providing an extensive analysis of existing SC security solutions and their limitations. The security of SCs has received increasing attention from researchers, due to the emerging risks associated with their distributed nature. The increase in risk in SCs comes from threats that are inherently similar regardless of the type of SC, thus, requiring similar defence mechanisms. Being able to identify the types of threats will help developers to build effective defences.
Design/methodology/approach
In this work, we provide an analysis of the threats, possible attacks and traceability solutions for SCs, and highlight outstanding problems. Through a comprehensive literature review (2015–2021), we analysed various SC security solutions, focussing on tracking solutions. In particular, we focus on three types of SCs: digital, food and pharmaceutical that are considered prime targets for cyberattacks. We introduce a systematic categorization of threats and discuss emerging solutions for prevention and mitigation.
Findings
Our study shows that the current traceability solutions for SC systems do not offer a broadened security analysis and fail to provide extensive protection against cyberattacks. Furthermore, global SCs face common challenges, as there are still unresolved issues, especially those related to the increasing SC complexity and interconnectivity, where cyberattacks are spread across suppliers.
Originality/value
This is the first time that a systematic categorization of general threats for SC is made based on an existing threat model for hardware SC.