• Title/Summary/Keyword: Small-sized business

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Analysis of Minimum Logistics Cost in SMEs using Korean-type CIPs Payment System (한국형 CIPs 결제 시스템을 이용한 중소기업의 최소 물류비용 분석)

  • Kim, Ilgoun;Jeong, Jongpil
    • The Journal of the Institute of Internet, Broadcasting and Communication
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    • v.21 no.1
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    • pp.7-18
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    • 2021
  • Recently, various connected industrial parks (CIPs) architectures using new technologies such as cloud computing, CPS, big data, fifth-generation mobile communication 5G, IIoT, VR-AR, and ventilation transportation AI algorithms have been proposed in Korea. Korea's small and medium-sized enterprises do not have the upper hand in technological competitiveness than overseas advanced countries such as the United States, Europe and Japan. For this reason, Korea's small and medium-sized enterprises have to invest a lot of money in technology research and development. As a latecomer, Korean SMEs need to improve their profitability in order to find sustainable growth potential. Financially, it is most efficient for small and medium-sized Korean companies to cut costs to increase their profitability. This paper made profitability improvement by reducing costs for small and medium-sized enterprises located in CIPs in Korea a major task. VJP (Vehicle Action Program) was noted as a way to reduce costs for small and medium-sized enterprises located in CIPs in Korea. The method of achieving minimum logistics costs for small businesses through the Korean CIPs payment system was analyzed. The details of the new Korean CIPs payment system were largely divided into four types: "Business", "Data", "Technique", and "Finance". Cost Benefit Analysis (CBA) was used as a performance analysis method for CIPs payment systems.

Outsourcing Strategy of Accounting Information Systems (회계정보시스템(AIS) 아웃소싱)

  • Kim, Dong-Il
    • Journal of Digital Convergence
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    • v.10 no.7
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    • pp.99-106
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    • 2012
  • This study analyzed about medium-sized companies with AIS systems and outsourcing services to relate that the system performance. In addition, for the most efficient outsourcing of AIS management plan were analyzed. In this study, studied the practical environment of AIS outsourcing that separated the operating departments and administrative departments and divisions information to small-mid size companies. The results of this study can be summarized as the first, small business outsourcing companies of AIS introduction of the initial accounting module if you run a higher job performance were analyzed. Second, AIS in the outsourcing of integrated modules for the system to operate through the performance was very high. Integrated operation to be analyzed according to the synergistic effect. The results of this study AIS in the future of manufacturing outsourcing, and how small and medium-sized building is expected to give alternation.

A Study on Evaluation of Online Trading System in MRO Supply Business

  • JEONG, Dongbin
    • The Journal of Economics, Marketing and Management
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    • v.10 no.2
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    • pp.1-13
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    • 2022
  • Purpose: The findings are expected to be used as basic data for policy establishment for systematic support and upbringing of small and medium-sized suppliers through the current status and characteristics of the industrial structure of the MRO consumable materials industry as a whole and the market trend. Research design, data, and methodology: This survey is conducted in 2019 mainly for companies that operate consumable materials delivery business, and the survey size is about 25,000 in advance (selected) and about 2,000 in the main survey. Using cluster analysis and multidimensional scaling, we derive the visualization of the homogeneous grouping of cases and the relationship structure between them. Results: Based on the attributes of reason for not having an online trading system, it is classified into three and four clusters for industry and company size, respectively, and the feature and pattern of each individual can be are relatively evaluated and visualized. Conclusions: Small and medium-sized consumable material suppliers specialize in products rather than fierce pricing strategies or external expansion strategies and it is more effective to establish a plan to promote the growth of both large and small enterprises through cooperation with large corporations.

Analyses of the Effects of Government Export Promotion Programs on Export Performance: Empirical Evidence for Small and Medium-Sized Enterprises in Korea

  • Beom-Cheol Cin;Kuk-Hyun Choe
    • Journal of Korea Trade
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    • v.26 no.5
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    • pp.39-55
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    • 2022
  • Purpose - This study empirically examines the effect of the Korean government export promotion program (EPP) on small and medium-sized enterprise (SMEs) export performance using firm-level data. Unlike most previous studies that investigated some specific samples of firms, this study analyzes a vast amount of SME data of the Korean Small and Medium Business Administration over the period 2005 to 2008. Design/methodology - An endogeneity problem arises when a firm's probability of being selected is correlated with the likelihood of successfully implementing EPPs. To control for the endogeneity of the EPPs in a relatively short-period sample, we employ 2-Stage Residual Inclusion (2SRI) RE-Tobit and bivariate Tobit procedure. Findings - Analyses show that Korean government EPPs have positive significant effects on SME exports. Empirical results also show that SME export activities are significantly encouraged by R&D investment and capital intensity, but not obviously by labor productivity. Originality/value - This study provides evidence that SME capital intensity, R&D investment, and the number of workers are significant determinants to SME exporting activities, whereas per worker labor cost and employee education are not. These results imply that even for SMEs, firm size is a major factor in promoting exporting activities.

The impacts of Small and Medium-sized Bank Loan on Bank's Equity Ratio and Performance in Korean Banking Industry (중소기업 대출이 은행 자기자본비율과 경영성과에 미치는 영향)

  • Lee, Sang-Wook
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.18 no.2
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    • pp.625-630
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    • 2017
  • We analyzed the relationship between small- and medium-sized corporate bank loans and bank's equity ratio, as well as small- and medium-sized corporate bank loans and bank's performance in Korean banking industry. Using the data from the Bank of Korea and the Financial Supervisory Service, we made a panel data set, including small and medium corporate loan ratio, BIS ration, basic equity ratio, performance ratio, etc. We found a positively significant relationship between small- and medium-sized corporate loans and bank's equity ratio. There was a positive change of this relationship between the pre-financial crisis and post-financial crisis periods. In the post-financial crisis period, small- and medium-sized corporate bank loans had a significantly positive impact on the bank's equity ratio and bank's performance. We expect that these results will give new insights and contribute to the already-existing knowledge as well as to the Korean government institutions that are interested in the impact of small- and medium-sized corporate bank loans.

A Study on Redesign of Office Panel System (사무용 패널 시스템 리디자인 개발)

  • Shin, Eung-Sun
    • Journal of the Korea Furniture Society
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    • v.23 no.2
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    • pp.195-206
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    • 2012
  • Since of 2000s, Office furniture have been much changes in the design as the expanding demand for the diversity and variability of office space. Especially, OA System Furniture including Panel System were developed by the shape and configuration considering the members' communication and teamwork. However, It is limited to the situation for the leading manufacturer of office furniture, Most small business cope with a negative policy because development personnel and expense. Thus, Accounted for the majority of the office furniture manufacturing, Small and medium-sized furniture manufacturers are needed measures of development that reflect these realities, rapid and practical. This study suggests redesign in a way that a small and medium-sized furniture manufacturers to overcome the limited design development environment and rapidly respond to changing market conditions. And this study has an intend to develop the Office Panel System.

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Capability in Competing for a National Quality Award among Small and Medium-sized Companies in Taiwan

  • Li, Shao-Chang;Hsu, Ru-Chin
    • International Journal of Quality Innovation
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    • v.5 no.2
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    • pp.141-158
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    • 2004
  • The Taiwan National Quality Award (TNQA) has been conducted for 14 years. However, small and medium-sized companies (SMSCs) rarely win the TNQA. This study undertakes a capability analysis to explore how SMSCs do win the TNQA. A survey instrument involving 149 questions extracted from 'the 2001 Handbook of Standard Criteria for Evaluation of TNQA' is used to measure the capability of SMSCs in competing for the TNQA. The paper concludes with a summary of the essential qualities required by an SMSC if it is to compete successfully for the TNQA.

Assessment of the Working Environment, Production and Transportation Practices for the Packaged Meal(Dosirak) Manufacturing Establishments in Seoul City and Kyungki-do Province (서울.경기지역 도시락 제조업체의 구조 및 생산 실태조사)

  • Kye, Seung-Hee;Yoon, Suk-In;Kwak, Tong-Kyung
    • Journal of the Korean Society of Food Culture
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    • v.3 no.3
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    • pp.293-299
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    • 1988
  • 34 packaged meal (Dosirak) manufacturing establishments were assessed in terms of working environment, production and transportation practices. Questionnaires and facility check-lists were developed. Most establishments were small in business, and production personnel as well as production facilities were insufficient compared with production capacity of establishments. Mean production capacity for packaged meals in terms of optimum and maximum levels were 6,500 and 15,166 meals in large sized establishments; 2,662 and 8,301 in medium; and 2,112, and 4,733 in small respectively. Those figures indicate potentially hazardous practices in production especially in small and medium sized establishments. Most meals were produced to order. Transportation facility and kitchen space were assessed as insufficient.

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A study on healthcare institution selection of healthcare consumers using theory of consumption values : Focusing on relations among clinics or small sized hospitals, general hospitals, and large-sized hospitals (소비가치 이론을 이용한 의료소비자의 의료기관 선택 요인 분석 : 중소병원, 종합병원, 대형종합병원 비교 중심으로)

  • Kim, Yang-Kyun;Kim, Jun-Seok
    • Journal of Korean Society for Quality Management
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    • v.37 no.4
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    • pp.71-86
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    • 2009
  • The healthcare environment today is changing rapidly with factors of healthcare consumers in selecting medical institutions also altering at a fast pace under the circumstances. In this study, the theory of consumption values established by Sheth in 1991 is adopted in order to examine particular value affecting consumer selection of healthcare institutions. For the purpose of this study, healthcare consumers were surveyed using questionnaires developed based on the five values of Sheth supplemented by value of effort to acquire hospital information and value in health. Consequently, 24 consumption values affecting selection process were confirmed through discriminant analysis. As a result of regression analysis on factors affecting consumer selection of healthcare institution, effort to acquire hospital information and age among demographic characteristics of respondents are determined important predictors for consumer selection of general hospitals over clinics or small-sized hospitals. Further, service, reputation scale of healthcare institution among functional values and importance of health and effort to acquire hospital information among value in health are identified as significant predictors for consumer selection of large-sized general hospitals over clinic or small-sized hospitals. This study suggests not only vital implications for marketing strategy of healthcare institutions, but also methods to promote positive image for healthcare providers. In addition, this study closely examines the cause of the leaning phenomenon of healthcare comsumers toward large-sized general hospitals.

Designing an Automated Production Information Platform for Small and Medium-sized Businesses (중소기업의 자동화 생산 정보 플랫폼 구축 모델 설계)

  • Jeong, Yoon-Su;Kim, Yong-Tae;Park, Gil-Cheol
    • Journal of Convergence for Information Technology
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    • v.9 no.1
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    • pp.116-122
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    • 2019
  • In recent years, small and medium-sized businesses are rapidly changing to an industrial structure where process/quality/energy data aggregates can be automatically or real-time to achieve global competitiveness. In particular, real-time information analysis produced in the production process of small businesses is evolving into a new process process that analyzes, predicts, prescribes and implements significant performance of small businesses. In this paper, we propose a platform-building model that can transform the automated production information system of small businesses into big data so that they can upgrade data that is generated by small businesses. The proposed model has the capability to support operational efficiency (consulting and training) and strategic decision making of small businesses by utilizing a variety of data on the basic information of products produced by small businesses for data collection by smart SMEs. In addition, the proposed model is characterized by close cooperation between small and medium-sized businesses with different regional characteristics and areas of information sharing and system linkage.