International Journal of Management & Entrepreneurship Research最新文献

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Conceptual foundations of Tech-Driven logistics and supply chain management for economic competitiveness in the United Kingdom 技术驱动型物流和供应链管理促进英国经济竞争力的概念基础
International Journal of Management & Entrepreneurship Research Pub Date : 2024-07-15 DOI: 10.51594/ijmer.v6i7.1295
Osemeike Gloria Eyieyien, Victor Ibukun Adebayo, Augusta Heavens Ikevuje, David Chinalu Anaba
{"title":"Conceptual foundations of Tech-Driven logistics and supply chain management for economic competitiveness in the United Kingdom","authors":"Osemeike Gloria Eyieyien, Victor Ibukun Adebayo, Augusta Heavens Ikevuje, David Chinalu Anaba","doi":"10.51594/ijmer.v6i7.1295","DOIUrl":"https://doi.org/10.51594/ijmer.v6i7.1295","url":null,"abstract":"The concept paper explores the transformative potential of technology in enhancing the logistics and supply chain sector to bolster the UK's economic competitiveness. This executive summary highlights the paper's primary objectives, theoretical frameworks, and anticipated outcomes, focusing on the integration of advanced technologies to streamline supply chain operations and drive economic growth. This paper aims to provide a comprehensive framework for understanding how technology can be leveraged to optimize logistics and supply chain management in the UK. It underscores the importance of a robust and efficient supply chain as a cornerstone of economic competitiveness, enabling businesses to reduce costs, improve delivery times, and enhance overall operational efficiency. Central to this paper is the exploration of various technological innovations that can revolutionize supply chain management. It discusses the impact of emerging technologies such as the Internet of Things (IoT), artificial intelligence (AI), blockchain, and big data analytics on the logistics sector. These technologies enable real-time tracking, predictive analytics, enhanced transparency, and improved decision-making processes, which are crucial for maintaining a competitive edge in the global market. The paper delves into theoretical models and frameworks that support the integration of technology into supply chain management. It examines concepts such as the Digital Supply Chain (DSC) model, which emphasizes the interconnectedness of digital technologies in creating a seamless supply chain network. Additionally, the paper explores the Supply Chain Operations Reference (SCOR) model, which provides a structured approach to measuring and improving supply chain performance through technology-driven metrics and best practices. Addressing the practical challenges of implementing tech-driven logistics, the paper highlights issues such as cybersecurity risks, high initial investment costs, and the need for skilled labor. It proposes solutions like fostering public-private partnerships, investing in cybersecurity measures, and developing training programs to build a tech-savvy workforce capable of managing advanced supply chain systems. The expected outcomes of tech-driven logistics and supply chain management include increased operational efficiency, reduced operational costs, improved customer satisfaction, and enhanced agility in responding to market changes. These improvements can significantly contribute to the UK's economic competitiveness, positioning it as a leader in the global supply chain landscape. The paper provides a strategic roadmap for integrating advanced technologies into the logistics sector. By leveraging these technologies, the UK can enhance its supply chain efficiency, drive economic growth, and maintain a competitive advantage in the global economy. The paper calls for concerted efforts from policymakers, industry leaders, and academia to foster an environm","PeriodicalId":507950,"journal":{"name":"International Journal of Management & Entrepreneurship Research","volume":"39 4","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141649032","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Innovations in Project Monitoring Tools for Large-Scale Infrastructure Projects 大型基础设施项目的项目监测工具创新
International Journal of Management & Entrepreneurship Research Pub Date : 2024-07-15 DOI: 10.51594/ijmer.v6i7.1294
Muritala Omeiza Umar, Azubuike Chukwudi Okwandu, Dorcas Oluwajuwonlo Akande
{"title":"Innovations in Project Monitoring Tools for Large-Scale Infrastructure Projects","authors":"Muritala Omeiza Umar, Azubuike Chukwudi Okwandu, Dorcas Oluwajuwonlo Akande","doi":"10.51594/ijmer.v6i7.1294","DOIUrl":"https://doi.org/10.51594/ijmer.v6i7.1294","url":null,"abstract":"Innovations in project monitoring tools are paramount for the effective execution of large-scale infrastructure projects. This study aims to explore the transformative role of these tools in enhancing project performance, accuracy, and efficiency. The research employs a comprehensive review of existing literature, case studies, and the latest advancements in project monitoring practices. The study highlights that integrating digital tools such as Building Information Modeling (BIM), unmanned aerial vehicles (UAVs), and Geographic Information Systems (GIS) significantly improves project coordination and real-time decision-making. Automated progress monitoring technologies reduce reliance on manual data entry, enhancing the accuracy of project assessments. Additionally, sensor-based monitoring techniques enable predictive maintenance strategies, extending the lifespan of aging infrastructure. The findings underscore the importance of interoperability among digital tools and the need for robust monitoring models capable of adapting to the dynamic nature of infrastructure projects. Web-based applications and systems engineering principles further enhance the efficacy of project monitoring by providing real-time data and facilitating efficient communication among stakeholders. In conclusion, the integration of innovative project monitoring tools is pivotal for the successful execution and management of large-scale infrastructure projects. These technologies not only enhance project performance and reduce risks but also ensure sustainable and long-term infrastructure development. The study recommends continued research and investment in advanced monitoring systems to address existing challenges and unlock new opportunities for improving project outcomes. Embracing these innovations will be crucial for the construction industry to meet future demands and achieve higher standards of efficiency and sustainability. \u0000Keywords:  Building Information Modeling (BIM), Unmanned Aerial Vehicles (UAVs), Geographic Information Systems (GIS), Automated Progress Monitoring, Predictive Maintenance, Project Performance Optimization.","PeriodicalId":507950,"journal":{"name":"International Journal of Management & Entrepreneurship Research","volume":"15 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141646419","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Specialized training organization for faculty members at educational institutions, developing educational management officials 为教育机构教职员工提供专门培训的组织,培养教育管理官员
International Journal of Management & Entrepreneurship Research Pub Date : 2024-07-08 DOI: 10.51594/ijmer.v6i7.1281
Dr. Tran Thi Thom, MA Ha Thi Ngoc
{"title":"Specialized training organization for faculty members at educational institutions, developing educational management officials","authors":"Dr. Tran Thi Thom, MA Ha Thi Ngoc","doi":"10.51594/ijmer.v6i7.1281","DOIUrl":"https://doi.org/10.51594/ijmer.v6i7.1281","url":null,"abstract":"The faculty team plays a crucial role in determining the quality of education in institutions. To meet the demands for enhanced training quality, educational institutions and training centers for educational management officials need strategies and training plans to develop the specialized skills and expertise of faculty members. Within this framework, the author discusses various issues related to the professional skills and expertise of faculty members, proposing directions for organizing training to enhance their professional capabilities in educational institutions and training centers for educational management officials. \u0000Keywords:  Faculty, Training, Professional Expertise, Education Management Training.","PeriodicalId":507950,"journal":{"name":"International Journal of Management & Entrepreneurship Research","volume":"107 36","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141667234","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Digital transformation in oil and gas production: Enhancing efficiency and reducing costs 石油和天然气生产的数字化转型:提高效率、降低成本
International Journal of Management & Entrepreneurship Research Pub Date : 2024-07-06 DOI: 10.51594/ijmer.v6i7.1263
David Chinalu Anaba, Azeez Jason Kess-Momoh, Sodrudeen Abolore Ayodeji
{"title":"Digital transformation in oil and gas production: Enhancing efficiency and reducing costs","authors":"David Chinalu Anaba, Azeez Jason Kess-Momoh, Sodrudeen Abolore Ayodeji","doi":"10.51594/ijmer.v6i7.1263","DOIUrl":"https://doi.org/10.51594/ijmer.v6i7.1263","url":null,"abstract":"Digital transformation is reshaping the oil and gas industry, driving efficiency improvements and cost reductions across its operational landscape. This paper explores the profound impact of digital technologies such as automation, IoT, big data analytics, AI, and machine learning. These technologies optimize exploration, drilling, production, and maintenance processes by enabling real-time monitoring, predictive maintenance, and data-driven decision-making. Key benefits include enhanced operational efficiency through streamlined processes, reduced downtime, and optimized resource utilization. Digital twins and AI-driven analytics are pivotal in prolonging asset lifespan, improving safety protocols, minimizing operational risks, and enhancing overall productivity. Despite these advancements, legacy infrastructure, cybersecurity risks, and organizational resistance pose significant hurdles. However, overcoming these challenges presents opportunities for innovation and competitive advantage. Looking ahead, the future of digital transformation in oil and gas lies in emerging technologies like blockchain, AR/VR, and quantum computing, which promise to revolutionize industry practices further. Successful adoption of digital transformation strategies is crucial for companies that navigate market complexities, achieve sustainability goals, and maintain leadership in a rapidly evolving global landscape. \u0000Keywords:  Digital Transformation, Oil and Gas Industry, Automation, IOT, AI, Predictive Maintenance.","PeriodicalId":507950,"journal":{"name":"International Journal of Management & Entrepreneurship Research","volume":" 5","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141671980","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Innovative digital marketing strategies for SMEs: Driving competitive advantage and sustainable growth 中小企业的创新数字营销战略:推动竞争优势和可持续增长
International Journal of Management & Entrepreneurship Research Pub Date : 2024-07-06 DOI: 10.51594/ijmer.v6i7.1265
Tochukwu Ignatius Ijomah, Courage Idemudia, Nsisong Louis Eyo-Udo, Kikelomo Fadilat Anjorin
{"title":"Innovative digital marketing strategies for SMEs: Driving competitive advantage and sustainable growth","authors":"Tochukwu Ignatius Ijomah, Courage Idemudia, Nsisong Louis Eyo-Udo, Kikelomo Fadilat Anjorin","doi":"10.51594/ijmer.v6i7.1265","DOIUrl":"https://doi.org/10.51594/ijmer.v6i7.1265","url":null,"abstract":"In the rapidly evolving digital landscape, small and medium-sized enterprises (SMEs) must adopt innovative digital marketing strategies to drive competitive advantage and sustainable growth. This review explores the critical components and benefits of leveraging digital marketing for SMEs, emphasizing how tailored strategies can enhance market presence, customer engagement, and business performance. SMEs face unique challenges in resource allocation and market competition, necessitating cost-effective and impactful marketing approaches. Innovative digital marketing strategies, including search engine optimization (SEO), social media marketing, content marketing, email campaigns, and data-driven analytics, provide SMEs with the tools to compete effectively against larger enterprises. By utilizing these strategies, SMEs can achieve greater visibility, attract a broader audience, and convert prospects into loyal customers. SEO and content marketing play a pivotal role in enhancing online visibility and organic traffic. By producing high-quality, relevant content and optimizing it for search engines, SMEs can improve their search rankings and attract targeted audiences. Social media platforms offer powerful channels for engaging with customers, building brand awareness, and fostering community. Through targeted advertisements and influencer partnerships, SMEs can reach specific demographics and drive engagement. Email marketing remains a cost-efficient strategy for maintaining customer relationships and promoting products or services. Personalized email campaigns can nurture leads, encourage repeat business, and build customer loyalty. Additionally, data-driven analytics enable SMEs to measure campaign performance, understand customer behavior, and make informed decisions to refine marketing efforts. The integration of innovative technologies such as artificial intelligence (AI) and machine learning further enhances digital marketing capabilities. AI-driven tools can automate tasks, provide insights into customer preferences, and optimize marketing strategies in real-time. For instance, chatbots can improve customer service, while predictive analytics can forecast trends and personalize marketing messages. In conclusion, innovative digital marketing strategies are essential for SMEs seeking to drive competitive advantage and sustainable growth. By embracing SEO, social media marketing, content marketing, email campaigns, and data-driven analytics, SMEs can maximize their marketing impact, enhance customer engagement, and achieve long-term business success. Leveraging these strategies allows SMEs to remain agile, responsive, and competitive in the dynamic digital marketplace. \u0000Keywords:  Innovative, Digital Marketing, SMEs, Sustainable Growth, Competitive Advantage.","PeriodicalId":507950,"journal":{"name":"International Journal of Management & Entrepreneurship Research","volume":" 95","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141672722","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The role of data analysis and reporting in modern procurement: Enhancing decision-making and supplier management 数据分析和报告在现代采购中的作用:加强决策和供应商管理
International Journal of Management & Entrepreneurship Research Pub Date : 2024-07-06 DOI: 10.51594/ijmer.v6i7.1262
Victor Ibukun Adebayo, Patience Okpeke Paul, Nsisong Louis Eyo-Udo
{"title":"The role of data analysis and reporting in modern procurement: Enhancing decision-making and supplier management","authors":"Victor Ibukun Adebayo, Patience Okpeke Paul, Nsisong Louis Eyo-Udo","doi":"10.51594/ijmer.v6i7.1262","DOIUrl":"https://doi.org/10.51594/ijmer.v6i7.1262","url":null,"abstract":"This paper explores the evolving role of data analysis and reporting in modern procurement practices, emphasizing their transformative impact on decision-making and supplier management. Historically rooted in manual processes, procurement has transitioned to data-driven methodologies propelled by technological advancements. Key aspects include data collection from diverse sources, integration into centralized systems, and application of analytical techniques such as predictive analytics and descriptive analytics. These methodologies enable procurement professionals to gain insights into spending patterns, forecast demand accurately, optimize procurement strategies, and enhance supplier relationships. The importance of real-time reporting in procurement decision-making is highlighted, enabling timely adjustments based on up-to-date insights into market conditions, supplier performance, and operational metrics. Decision Support Systems (DSS) further empower procurement managers by synthesizing complex data sets, facilitating scenario analysis, and recommending optimal cost reduction and risk mitigation strategies. Supplier management benefits significantly from data-driven approaches, with criteria like quality performance, delivery metrics, and cost competitiveness being rigorously evaluated through data analysis. Risk management strategies leverage data to anticipate and mitigate supplier-related risks, ensuring continuity and resilience in supply chain operations. The implications for the future of procurement underscore the continued evolution towards predictive supply chain analytics, blockchain technology for transparency, AI-driven automation, sustainability initiatives, and enhanced supplier collaboration platforms. These advancements will further optimize procurement processes, strengthen strategic partnerships, and drive sustainable business practices in an increasingly competitive global market. \u0000Keywords:  Data Analysis, Reporting, Procurement, Decision-Making, Supplier Management.","PeriodicalId":507950,"journal":{"name":"International Journal of Management & Entrepreneurship Research","volume":" 4","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141672061","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Best practices in SAP implementations: Enhancing project management to overcome common challenges SAP 实施的最佳实践:加强项目管理,克服常见挑战
International Journal of Management & Entrepreneurship Research Pub Date : 2024-07-06 DOI: 10.51594/ijmer.v6i7.1256
Oluwatosin Abdul-Azeez, Alexsandra Ogadimma Ihechere, Courage Idemudia
{"title":"Best practices in SAP implementations: Enhancing project management to overcome common challenges","authors":"Oluwatosin Abdul-Azeez, Alexsandra Ogadimma Ihechere, Courage Idemudia","doi":"10.51594/ijmer.v6i7.1256","DOIUrl":"https://doi.org/10.51594/ijmer.v6i7.1256","url":null,"abstract":"Implementing SAP systems is a transformative process that can significantly enhance business operations, streamline processes, and improve overall efficiency. However, the complexity and scale of SAP implementations often present substantial challenges. These include scope creep, budget overruns, inadequate training, data migration issues, and resistance to change among stakeholders. Effective project management is essential to navigate these obstacles and ensure a successful implementation. This paper explores the best practices in project management for SAP implementations, focusing on strategies to overcome common challenges. Key practices include comprehensive planning, which involves detailed requirement analysis, realistic timeline setting, and resource allocation. Effective communication is another critical factor, ensuring that all stakeholders are informed, engaged, and aligned with the project goals. Regular status updates and feedback loops help in maintaining transparency and addressing issues promptly. Risk management is crucial in anticipating potential problems and developing mitigation strategies. This involves identifying risks early, assessing their impact, and implementing measures to minimize their effects. Ensuring adequate training and support for end-users is also vital to address resistance to change and enhance user adoption. Providing continuous learning opportunities and fostering a culture of adaptability can ease the transition and maximize the benefits of the new system. Another best practice is leveraging the expertise of experienced SAP consultants and project managers who can provide valuable insights and guidance throughout the implementation process. Utilizing agile methodologies can also be beneficial, allowing for iterative development and flexibility to adapt to changing requirements. In conclusion, successful SAP implementations require robust project management practices to overcome common challenges. By adopting comprehensive planning, effective communication, proactive risk management, and adequate training, organizations can enhance their SAP implementation projects' success rates. These best practices not only mitigate risks but also ensure that the implementation aligns with business objectives, ultimately leading to improved operational efficiency and business performance. \u0000Keywords: Best Practices, SAP implementations, Project Management, Enhancing, Common Challenges.","PeriodicalId":507950,"journal":{"name":"International Journal of Management & Entrepreneurship Research","volume":" 4","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141672417","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Strategic management and market analysis in business and agriculture: A comparative study 商业和农业中的战略管理和市场分析:比较研究
International Journal of Management & Entrepreneurship Research Pub Date : 2024-07-06 DOI: 10.51594/ijmer.v6i7.1261
Eyitayo Raji, Tochukwu Ignatius Ijomah, Osemeike Gloria Eyieyien
{"title":"Strategic management and market analysis in business and agriculture: A comparative study","authors":"Eyitayo Raji, Tochukwu Ignatius Ijomah, Osemeike Gloria Eyieyien","doi":"10.51594/ijmer.v6i7.1261","DOIUrl":"https://doi.org/10.51594/ijmer.v6i7.1261","url":null,"abstract":"This comparative study explores the business and agricultural sector's strategic management practices and market analysis models. It highlights the similarities and differences in how these two sectors approach strategic planning, competitive advantage, and market dynamics. Businesses typically focus on leveraging financial and technological resources and understanding consumer behaviour. At the same time, agriculture emphasizes natural resource management and environmental factors. Both sectors benefit from effective strategic planning and market analysis, improving performance and sustainability. However, they also face unique challenges, such as technological changes, market volatility, and opportunities through innovation and sustainable practices. The study underscores the importance of cross-sector learning. It suggests future research directions to deepen the understanding of strategic management across diverse industries. \u0000Keywords:  Strategic Management, Market Analysis, Business Sector, Agricultural Sector, Sustainability Practices.","PeriodicalId":507950,"journal":{"name":"International Journal of Management & Entrepreneurship Research","volume":" 28","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141672612","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Advancing strategic procurement: Enhancing efficiency and cost management in high-stakes environments 推进战略采购:在高风险环境中加强效率和成本管理
International Journal of Management & Entrepreneurship Research Pub Date : 2024-07-06 DOI: 10.51594/ijmer.v6i7.1259
Patience Okpeke Paul, Jane Osareme Ogugua, Nsisong Louis Eyo-Udo
{"title":"Advancing strategic procurement: Enhancing efficiency and cost management in high-stakes environments","authors":"Patience Okpeke Paul, Jane Osareme Ogugua, Nsisong Louis Eyo-Udo","doi":"10.51594/ijmer.v6i7.1259","DOIUrl":"https://doi.org/10.51594/ijmer.v6i7.1259","url":null,"abstract":"Strategic procurement is essential for organizational success, particularly in high-stakes environments where efficiency and cost management are critical. This paper explores strategies to enhance procurement efficiency and manage costs effectively. Key focus areas include process optimization through standardization and lean principles, integrating advanced technologies such as AI and blockchain, and the importance of skilled personnel and continuous training. Cost management strategies, including robust cost analysis techniques, effective negotiation tactics, and strong supplier relationship management, are also examined. Emerging trends, such as digital procurement platforms and sustainability practices, are discussed, highlighting their implications for procurement professionals. The paper concludes with a summary of key points. It suggests areas for future research to advance strategic procurement practices further. \u0000Keywords:  Strategic Procurement, Efficiency, Cost Management, Supplier Relationship Management.","PeriodicalId":507950,"journal":{"name":"International Journal of Management & Entrepreneurship Research","volume":" 11","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141672348","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Sustainable procurement in the oil and gas industry: Challenges, Innovations, and Future Directions 石油和天然气行业的可持续采购:挑战、创新和未来方向
International Journal of Management & Entrepreneurship Research Pub Date : 2024-07-06 DOI: 10.51594/ijmer.v6i7.1264
David Chinalu Anaba, Azeez Jason Kess-Momoh, Sodrudeen Abolore Ayodeji
{"title":"Sustainable procurement in the oil and gas industry: Challenges, Innovations, and Future Directions","authors":"David Chinalu Anaba, Azeez Jason Kess-Momoh, Sodrudeen Abolore Ayodeji","doi":"10.51594/ijmer.v6i7.1264","DOIUrl":"https://doi.org/10.51594/ijmer.v6i7.1264","url":null,"abstract":"Sustainable procurement has emerged as a critical oil and gas strategy amidst increasing global concerns over environmental impact and societal expectations. This paper explores the challenges, innovations, and future directions of sustainable procurement practices within the sector. Key challenges include economic feasibility, environmental impact mitigation, social responsibility, and navigating complex regulatory landscapes. Innovations such as technological advancements, process improvements, material innovations, and collaborative efforts are pivotal in overcoming these challenges and advancing sustainability goals. Case studies from leading companies demonstrate the successful implementation of sustainable procurement strategies, highlighting best practices and benchmarks for industry standards. Emerging trends include adopting circular economy principles, supply chain transparency, and integration of sustainability metrics in supplier evaluations. Benchmarking against global standards facilitates continuous improvement and accountability, ensuring alignment with environmental, social, and governance (ESG) criteria. Policy recommendations emphasize the need for regulatory enhancements and international cooperation to incentivize sustainable practices and harmonize standards across jurisdictions. A strategic framework for sustainable procurement is proposed, encompassing goal-setting, stakeholder engagement, innovation, and continuous improvement. Future research should focus on lifecycle analysis, circular economy solutions, social impact assessments, technological innovations, and policy effectiveness to address existing gaps and drive sustainable procurement innovation in the oil and gas industry. \u0000Keywords:  Sustainable Procurement, Oil And Gas Industry, Challenges, Innovations, Future Directions.","PeriodicalId":507950,"journal":{"name":"International Journal of Management & Entrepreneurship Research","volume":" 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141672000","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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