Empowering End-User by Risk mitigation concepts in operational procurement through digitization (Published)
The current digital revolution has an impact on every sector of the Business, so automatically the procurement processes will also be affected; words like “Industry 4.0”, “IoT” and “Procurement 4.0” are floating all around. The purpose of this research paper to show that procurement is also a vital part of the supply chain industry. Procurement has three levels in which it is used in the industry i.e. Strategic, Tactical and Operational. The focus is further narrowed down to show operational procurement processes (P2P/R2P) in deep. The risks associated with P2P processes have been discussed in detail, further it is also shown how these risks can possibly be mitigated with automation. Automation of operational procurement processes in today’s competitive world is very important and this research shows how these automation concepts can be implemented, and which benefits will it bring to any organization? Emerging literature, case studies, blogs, expert opinions, citations are used to fulfill this task. This research contributes to explore further research on the automation of tactical and strategic procurement processes
Keywords: Automation, IOT (internet of things), Industry 4.0, Maverick Buying, Procurement, Risk Management, Supply chain management, operational procurement (p2p/r2p), procurement 4.0, scrm
The Researching of the Industry 4.0 Affecting the Efficiency of the Logistics Management in Vietnam (Published)
In Vietnam, the industrial revolution 4.0 (Industry 4.0) is on the onset and will affect all socio-economic sectors, while completely transforming the current production and management system. Industry 4.0 can give the Vietnamese economy a rare opportunity to break through and Vietnam is actively preparing for this opportunity, especially the logistics management. Besides, the growth of IT poses opportunities and challenges for logistics. As internet retailing increases, the companies are accepting orders from their clientele across the borders. The competences of staff and staff skills have been found to influence the efficiency of logistics performance in different industries. It is nowadays crucial to understand the importance of logistics both in the levels of the individual firm and the total economy. The study results had 200 the managers of enterprises who interviewed and answered about 13 questions. Data collected from July 2016 to December 2017 and analyzed KMO test, Cronbach’s Alpha and the result of KMO analysis which used for multiple regression analysis. Managers’ responses measured through an adapted questionnaire on a 5-point Likert scale. The results showed that there were three factors, which included of factors following human resource (HR), economic environment (EE), information technology (IT) with significance level 5 percent. In addition, all of three components affecting the efficiency of the logistics management with significance level 5 percent. The research results processed from SPSS 20.0 software.
Keywords: (IT), Industry 4.0, LHU, Logistics, Management