Literature Review Literature review is one of the most significant sections of a dissertation as it consists of the views of the various scholars and authors. In this section of the dissertation, several books, journals, articles, and magazines are reviewed for forming a strong foundation for the entire research…
Download file to see previous pages...
The following literature review includes the various books, articles and journals to explore the research topic of stock control and recording (Hart 2006). Operations management Operations management can be described as the area of management study that dealt with concepts of design engineering, management information system, industrial engineering, production management, quality management, accounting, and inventory management to facilitate the function of planning, scheduling, use and control of service organization as well as of manufacturing organization. In simpler terms, operations management is a process of converting inputs such as information, labor, material into the outputs in the form of goods and services. Also, in this process efforts are made to minimize the cost and maximize the net operating profit. Thus, highest level of efficiency is achieved by administration of business practices through operations management. Along with this, resources are acquired, developed and utilized to achieve the organizational objectives (Shim and Siegel 1999). All functions of operation, tactical and strategic level are included in the range of the operational management. Thus, operations management includes the issues related with production scheduling and control, equipment maintenance policies, inventory management, traffic and material handling and quality control and inspection (Lewis and Slack 2003). Process mapping/flow charting/value stream mapping Process mapping is also known as flow charting, value stream mapping and process charting. It is a technique of converting business workflow and processes in to step-by-step diagram and visual. It has been complimented as one of the oldest and most valuable techniques for streamlining work. This technique can provide best results if used by experienced facilitators. An existing process can be understood in a better manner as well as can be improved. Thus, the main benefit as well as the objective of the process mapping is improving the business result. The diagram of process mapping defines all the aspects related with organization like business of the organization, responsible people of the organization, what is the standard of the process and how success of a business determined (Bicheno and Elliot 1997). Thus, it clarifies all the requirements of the internal business process. Process mapping is important to get control over the organization as it helps in developing an understanding in the basic processes of business. In the procedure of process mapping, process map is achieved as output. Thus, it is the final diagram with all the shapes of arrows and ovals which depicts the process from beginning to end. Each action within a process is depicted by each shape. Creating a process map requires through understanding of every step within the process such as resources, inputs and outputs. Inputs are gathered from the employees who are closest to the process (Bettley, Mayle and Tantoush 2005). Along with this, other techniques are also used to gather the inputs or information like surveys, observation and brainstorming. Furthermore, there are different shapes which are used to form a process map. For example, a rectangle is used to represent action step, cylinder represents databases whereas parallelograms represents inputs and outputs (Madison 2005). Then, different steps are followed to construct a process map, which are as follows: Step 1: Determination of Boundaries which specifies where
...Download file to see next pagesRead More
Cite this document
(“Stock control and recording Literature review Example | Topics and Well Written Essays - 6500 words”, n.d.)
Retrieved from https://studentshare.org/management/1393000-stock-control-and-recording
(Stock Control and Recording Literature Review Example | Topics and Well Written Essays - 6500 Words)
“Stock Control and Recording Literature Review Example | Topics and Well Written Essays - 6500 Words”, n.d. https://studentshare.org/management/1393000-stock-control-and-recording.
Efficient Market Hypothesis: Is the Stock Market Efficient?
Efficient Market Hypothesis (EMH), introduced four decades ago, was the dominating theory in the academic community that explained how the financial market works. Nowadays, although it is challenged by both the theoretical and practical studies (e.g.
Most citizens live under poverty, although there are countries like Malaysia which although is a middle income country it has achieved commendable development through the years. They are also characterized by lack of minerals and resources unlike the countries in the developed world.
Analysts have found that higher incidences of investment are being found in the emerging countries. The concentration of the Equity Portfolio Flows (EPF) is the highest among a cluster of emerging economies, Latin America being the biggest destination for foreign investors (Claessens, 1993).
According to Kotler (2003), “A retail store encompasses all functions involved in the sale of goods or services to its ultimate consumers”. The retail store differs in size, intensity of service, status of formation and the varied items it sells. They are named differently according the varying elements mentioned above.
However, the popular finding is that there is still some degree of inconclusiveness with the kind and amount of results exhausted by previous studies. Mama (2010, pp.98), for example, explained that such inconclusiveness may be caused by some failure in methodological strategies used.
SOEs sold their shares to their own employees. They also merged to form joint stock companies in a similar manner and the overall effect was low liquidity of stocks, restricted stock trading and incurring of huge losses by the