The strategy of financial flows formation in a logistics system

The term logistics has long been used to control and optimize all flows, including information and finance. The article discusses the new direction of logistics - logistics of financial flows and outsourcing as a management tool of financial flows in logistics systems, showing the existing in the world practice methodologies for assessing the economic efficiency of handing over the business functions to other organizations and examining their applicability to Belarusian industrial enterprises

The strategy of financial flows formation in a logistics system

The term logistics has long been used to control and optimize all flows, including information and finance. The article discusses the new direction of logistics - logistics of financial flows and outsourcing as a management tool of financial flows in logistics systems, showing the existing in the world practice methodologies for assessing the economic efficiency of handing over the business functions to other organizations and examining their applicability to Belarusian industrial enterprises

Institutional and organizational features of cross-border cargo traffic in the post-soviet space integration terms. Part I

The article covers the technical, technological, institutional, and organizational barriers of cross-border transportation of cargo. The study uses an institutional approach as a methodological alternative to other approaches. The study touches on institutional and organizational problems of border crossing checkpoints arrangement, the consequences of the application of unified transport documents and the introduction of electronic communication forms. Particular attention is paid to the analysis of demonstrative actions and the daily practice of reducing the time of customs procedures and reducing transaction costs of cross-border cargo traffic. Herewith it is indicated that the most effective way to improve the efficiency of cross-border transportation of cargo suggests simultaneous implementation of technical and institutional innovations. Emphasis is placed on identifying the institutional and organizational features of the international road transportation of cargo, in particular, the problems of the evolution of the guaranteed customs duties payment institute, the permission system in the implementation of cross-border cargo traffic. The fact that the state support of national entrepreneurs requires a mechanism to ensure the parity of Russian and foreign carriers, at least in the field of cargo transportation for state needs, with the involvement of credit resources of government-linked banks is highlighted. It is underlined that the first step towards improving the institutional environment of international road transportation should envisage the elimination of all informal (shadow) relations in this sphere. The article identifies institutional features of cargo transportation in specific areas such as deliveries by road to China through Kazakhstan, and the challenges and prospects for the use and development of transit potential of Kaliningrad Region. The article shows institutional and organizational characteristics of combined transportation in cross-border traffic. The article concludes that the development of cross-border transportation of cargo and the implementation of transport and transit potential of EAEU member states may and should become a powerful source of income for business entities, budgets of all levels and households, as well as the driving force of industrial and technological upgrading and institutional and organizational evolution of economic systems of the countries and integration associations.The article has been prepared with the support of the Russian Foundation for Basic Research (Project № 15-06-06939 a «Modelling the cyclical evolution of mutual influence of the national transport system and the state of the markets of goods (services), labor and capital in terms of integration and global instability»)

A Study on Factors Influencing Brand Loyalty in Mobile Service Providers Among College of Business Students of Universiti Utara Malaysia

Mobile phones have become a necessity in human life. This is due to technological advances that allow people to communicate with each other anywhere and at any time. This also contributes to the increase in the telecommunication sector of the country. Leading telecommunication companies are now competing with each other to become a major provider and attract more customers. This situation also will lead the customers often switch from one provider to another provider to get the best service. As competition is increasing among the companies, it is necessary for them to know about the customers’ perception on price, service quality, promotions, and trends that play a vital role in choosing the mobile service providers. This study aims to find out what are critical factors that play an important role to select the telecommunication service provider. This study was conducted among College of Business students of Universiti Utara Malaysia. The data is processed by using quantititave analysis. The method used in analyzed the data are Descriptive Analysis and Multiple Regression Analysis as there are four variables involved in this study, which are price, service quality, promotions, and trends. The results provides a comprehensive analysis of the important factors for the customer to select the mobile service providers. The analysis confirms that the significant positive relationship of trends towards brand loyalty. It will be a great challenge for the service providers to prepare their strategic plan in maintaining customer loyalty, and at the same time expending their customer base. In conclusion, the mobile service providers should emphasize the factor such as trends that can maintain customer loyalty as customers today are more intelligent and smart

Bulky household waste management in a UK local authority area: current practice, challenges and improvement opportunities

Charnwood Borough Council (CBC), an English local authority, recently introduced a Zero Waste Strategy encompassing targets for waste minimisation and recycling of household waste above UK Government baselines. To achieve these targets various areas of household waste management need to be amended to improve recycling performance. The bulky waste collection service, collecting large items such as furniture and electrical goods was identified as an area to target for improvement. A case study approach was adopted using data collected on a daily basis by CBC to quantify the number and type of items in the bulky waste stream. Current practices of managing bulky household waste are explored; identifying challenges in dealing with this waste stream such as financial and logistical challenges in identifying, collecting, repairing and storage. However, there is potential to increase recycling of some discarded items, particularly the large numbers of mattresses and some wooden furniture unsuitable for reuse

Changing technology and the payment system

On September 11, 2000, Jamie B. Stewart, Jr., First Vice President and Chief Operating Officer of the Federal Reserve Bank of New York, delivered the following remarks at Sibos 2000, the international banking operations seminar sponsored by the payment network SWIFT (Society for Worldwide Interbank Financial Telecommunications).Payment systems ; Technology ; Banks and banking - Customer services ; Bank competition ; Electronic funds transfers

Conducting of the linkage between information systems strategy (ISS) and Operation Strategy in the case of 'X' Airlines in Arabic gulf country

The integration of IS/IT strategy with other business units' strategies has become an important issue. The layer of integration through business strategies requires an explanation of interrelationships so that business objectives appropriate to the available resources and market conditions can be established. This study is a comprehensive examination of the relationship between IS and operational strategy at 'X' Airlines. Operation is considered one of the core activities at 'X'. In this study, the researcher employs a qualitative method, presenting the literature on IS integration and utilising a case study approach to understand the how and why of using IS at 'X'. This study discusses the existing frameworks, both theoretical and practical, for IS strategic integration. The results show that there are strong relationships but as a traditional kind of back office support of IS for operational strategy within 'X'

Financial Innovation of the Chinese Financial Markets: New Types of Chattel Pledges

The author examines some of the difficulties relating to chattel pledges in China from a financial innovation perspective. This article finds that: (i) under current Chinese financial practice, legal innovation exists in pledges over bank accounts and dynamic pledges; (ii) the new types of chattel pledge faces difficulties establishment and implement of a pledge; (iii) the numerus clausus principle is called into question and should be relaxed to recognize the new types of chattel pledges by way of a broad interpretation, and party autonomy should be taken into account in the realization of them

Road Transportation Management Potentiality Enhancement for Linking Special Economic Zones and Border Trade Activities in Mukdahan Province, Thailand

Abstract— The purpose of this article is to study the knowledge, to create a model for improving the Road Transportation Management Potentiality for linking the special economic zone and border trade in Mukdahan province, Thailand, and to study the effect of increasing the potential of road transport management on business performance. Mixed research method was used. The sample was 316 road freight entrepreneurs in the border economic and trade areas in Mukdahan province, from a population of 1,500 people, including 12 interviewees. Data were collected by using questionnaires and interview forms. The data gathered was tested by using various statistical techniques to ensure that the information is reliable and accurate in Structural Equation Modeling (SEM).  The results found that increasing the potential of road transport management for linking special economic zones and border trade in Mukdahan province with Inbound-Outbound Transportation (IOT) had a direct positive impact on Performance of Firm Management (PFM), with the three most important capabilities: security, documentation procedures, and vehicle management, whereas the three most outstanding results are cheaper, faster, and better. To implement this model, entrepreneurs, therefore, need to give first priority in developing operational manuals such as safety standard transportation manual, customs clearance from Mukdahan province to Laos PDR manual, and vehicle management manual