Outsourcing and Organisational Efficiency of Issues in Nigeria: Rivers State University as a Case Study (Published)
This paper is a theoretical paper, and its purpose was to discuss literature on the relationship between outsourcing and organizational efficiency. The paper offers a detailed assessment of outsourcing and its implications for organizational operations and functionality. The resource-based theory was adopted as the theoretical foundation for the study, and it offered a strong position in support of the imperatives of focusing on key assets and responsibilities as a way of enhancing organizational efficiency and ultimately competitiveness. The position reached based on the congruence of views, specifies outsourcing as commendable and required for the efficient functioning of organizations today. On this note, it was concluded that the features of cost and organizational operations are efficiently addressed through the adoption of outsourcing practices and behaviour which are strategic and which allow for the organizations focus on its own key and primary functions. The study also recommended that the practice of outsourcing should be such that emphasizes more on the additional functions and areas identified as weak or overly costly to the organization. Such features can be addressed through a shift in responsibilities to other organizations which are more proficient and structured for that purpose.
Keywords: Cost, Operations, Organizational efficiency, Outsourcing, resources
DEVELOPMENT OF A DYNAMIC PROGRAMMING MODEL FOR OPTIMIZING PRODUCTION PLANNING (Published)
Production planning is the backbone of any manufacturing operation, and its main objective is to determine the quantity of products to be produced and inventory level to be carried from one period to the other, with the objective of minimizing the total costs of production and the annual inventory, while at the same time meeting the customers’ demand. A mathematical model was developed for a multi-product problem using Dynamic Programming approach and the solution procedure proposed by Wagner and Whitin was adopted. The model is very useful in solving a problem with multi-stage problem, a particular situation in which there is appreciable variation in average periodic demand and availability of raw materials among the different periods. It also stipulates the minimum quantities of the product to produce per period and the corresponding inventory levels such that total production cost is minimized over the planning periods
Keywords: Cost, Dynamic, Inventory., Minimum, Model, Production