Articles

Optimizing Fast Moving Product Inventory Management Using the Economic Order Quantity (EOQ) Method: A Case Study at a Minimarket

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In today’s highly competitive retail industry, inventory management plays a vital role in maintaining operational stability and company profitability. Imbalances in inventory, whether it be overstocking or stockouts, can have a significant negative impact on operating costs and customer satisfaction. This study focuses on the problem at Indomaret outlets, which often reorder fast-moving products based on subjective intuition without precise mathematical calculations, thereby triggering cost inefficiencies. The purpose of this study is to analyze the level of inventory cost efficiency by applying the Economic Order Quantity (EOQ) method. This study uses a quantitative descriptive approach. Data was collected through historical documentation, including annual demand data, average ordering costs, and storage costs per unit. The analysis was conducted by comparing the Total Inventory Cost (TIC) between the conventional method currently applied by the company and the results of the EOQ method calculation. The results show that the application of the EOQ method is able to provide more optimal order quantity recommendations with more efficient frequency compared to the company’s actual method. The application of EOQ has been proven to significantly minimize total inventory costs. These findings recommend the need to integrate the EOQ algorithm into the retail inventory management information system to support accurate decision-making and ensure sustainable operational efficiency.

Strategic Talent Management in UAE Industries: Comparative Insights into Attraction and Retention Across Aviation, Oil & Gas, Banking, and Retail Sectors

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Talent management has emerged as a critical strategic imperative for organizations operating in the competitive landscape of the United Arab Emirates (UAE). This comprehensive study examines the strategic talent management practices employed by leading corporations across four key economic sectors: aviation, oil & gas, banking & finance, and retail & e-commerce. Through a multi-theoretical lens incorporating Resource-Based View (RBV), Human Capital Theory, and Social Exchange Theory, this research analyzes how organizations attract, develop, and retain talent in alignment with UAE’s Vision 2031 and Emiratization objectives. The study employs a mixed-methods approach, combining quantitative analysis of talent management effectiveness with qualitative insights from corporate case studies of Emirates Airlines, ADNOC, Emirates NBD, and Noon.com. Findings reveal that while compensation and career development remain fundamental retention drivers, contemporary talent strategies increasingly emphasize employer branding, diversity and inclusion (D&I), sustainability initiatives, and technology-driven HR analytics. The research demonstrates significant sector-specific variations: aviation prioritizes global branding and service excellence, oil & gas focuses on Emiratization and technical skill development, banking emphasizes digital innovation and ESG-driven practices, while retail leverages flexibility and customer-centric cultures. The study contributes to strategic human resource management literature by providing empirical evidence of talent management effectiveness in a rapidly developing economy and offers practical insights for HR practitioners navigating the complexities of multicultural workforce management in the Gulf region.

Determinants of Financial Literacy, Digital Literacy, Internet Penetration and Consumer Confidence Level Mediated by Fintech Growth on Retail Industry Growth in Indonesia

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This study evaluates how financial literacy, digital literacy, internet penetration, and consumer confidence influence retail industry growth in Indonesia, emphasizing the mediating role of fintech. In the era of industry 4.0, technology, especially fintech, has transformed conventional financial business models into digital ones, accelerating transactions and financial inclusion. The Covid-19 pandemic has further driven digitalization, although it has posed major challenges for the retail industry. This study aims to determine the actual impact of the development of fintech applications including the influence of financial literacy, digital literacy, internet penetration and consumer confidence levels on the development or growth of retail in Indonesia. This study uses a quantitative method with a focus on analyzing the relationship between financial literacy, digital literacy, internet penetration, and consumer confidence levels in the growth of the retail industry, both directly and through the mediation of fintech growth. The data used are secondary data that include information on the financial literacy index, digital literacy index, internet penetration level, consumer confidence index, fintech adoption level, and retail performance indicators. To overcome incomplete data, imputation and proxy variable methods are used. The analysis was conducted using multiple linear regression to identify direct relationships between variables, and structural equation modeling (SEM) to comprehensively evaluate the influence of fintech mediation. This study shows that financial literacy, digital literacy, and consumer confidence levels have a significant influence on retail growth, both with and without fintech growth mediation. Digital literacy and consumer confidence levels have a positive impact, reflecting that understanding of digital technology and consumer confidence contribute to retail development. Conversely, financial literacy shows a negative influence. Internet penetration does not show a significant influence on retail growth, either directly or through fintech mediation.

Proposed Business Strategy to Increase Profitability in Food & Beverage Industry (Case Study: Pt Ganesha Abaditama)

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Indonesia’s retail industry is one of the most promising due to its large population and rising purchasing power from middle-class individuals and millennials with increased spending habits. Food and beverages are part of Indonesia’s retail industry. Ganesha, a manufacturer, and supplier of packaged spices has seen sales decline in the last two years. Outperforming supermarket competitors to increase sales requires a new business strategy to gain competitive advantages. This study uses the AFI framework to design a new business strategy. Porter’s Five Forces, customer, and consumer analysis are used for external business analysis. Resource-based view analysis, core competencies gap analysis, and VRIO analysis are used to analyze the internal business environment. Interviews, questionnaires, and observation provided primary data. Websites, books, articles, and journals provided secondary data. The two data sets are combined for the SWOT analysis, and the TWOS matrix is used to develop strategies. Results show that underpricing rivals and increasing product value will increase market share. Innovating the supply chain, production, and technology helps lower selling prices. Innovating existing products, packaging, and variations helps add product value. However, product innovation requires more market research to determine consumer interest.