International Journal of Advanced Research

Digital Transformation through the Implementation of ERP (Enterprise Resource Planning) in Manufacturing Companies

Fahmi Ruziq — 2024-12-11

The digital transformation of manufacturing companies has gained momentum, particularly through the implementation of Enterprise Resource Planning (ERP) systems. ERP systems are integrated software platforms that streamline core business functions, including finance, human resources, procurement, and production. These systems significantly improve operational efficiency, reduce costs, and enhance decision-making capabilities within manufacturing firms. The centralization of data and automation of routine tasks eliminate data silos and manual errors, leading to better coordination, real-time insights, and optimized resource allocation. However, ERP adoption comes with challenges, such as resistance to change, the complexity of system integration, and customization costs. Despite these hurdles, the long-term benefits, such as cost savings, improved collaboration, and enhanced customer relationship management, outweigh the initial investments. As ERP systems evolve with emerging technologies like artificial intelligence (AI) and the Internet of Things (IoT), they offer even more advanced capabilities in predictive maintenance, real-time monitoring, and automated decision-making. This paper concludes that ERP systems are crucial for the digital transformation of manufacturing companies, helping them become more agile, cost-efficient, and competitive in an increasingly digital world.

The Role of Technology in Digital Financial Services Transformation

Syafiq — 2024-12-14

The digital transformation of financial services, driven by technological advancements, is reshaping the global financial landscape. Technologies such as mobile payments, blockchain, artificial intelligence (AI), cloud computing, and machine learning have not only increased efficiency and accessibility but have also expanded financial inclusion, enabling millions to access banking services previously unavailable to them. Mobile money platforms like M-Pesa in Kenya and Alipay in China exemplify the potential of digital financial services in bridging the gap between the banked and unbanked populations. Additionally, blockchain technology has enabled innovations like decentralized finance (DeFi), cryptocurrencies, and smart contracts, which are reducing costs and enhancing transparency in financial transactions. AI and machine learning are improving risk management, fraud detection, and customer personalization. However, the rapid expansion of digital financial services also introduces challenges related to cybersecurity, privacy, regulatory compliance, and the digital divide. Ensuring the security of digital platforms and creating inclusive access for underserved populations are key areas requiring attention. Ultimately, while technology has brought significant opportunities, it is essential to address these challenges through effective regulation and investment in infrastructure to ensure that digital financial services contribute to global financial empowerment and economic growth.

The Role of Teachers in Forming a Superior Generation in the Digital Era

Grace Tan Mei Ling — 2024-12-15

The role of teachers in shaping a superior generation in the digital era is very important considering the rapid development of technology that affects all aspects of life, including education. This study aims to explore the role of teachers in utilizing technology to create innovative, flexible, and relevant learning to the needs of students in the 21st century. The method used in this study is mixed methods, by combining qualitative approaches through in-depth interviews and quantitative through questionnaires. The results of the study show that most teachers have good digital literacy and have integrated technology into the learning process. However, the challenges faced include limited training time, uneven access to technology, and gaps in supervision of technology use at home. Technology-based learning can improve students' skills such as collaboration, communication, and problem solving. In addition, this study emphasizes the importance of the role of teachers in instilling digital ethics and overcoming social challenges posed by technology. Collaboration between teachers, parents, and the government is needed to create a learning environment that supports the formation of a superior generation that is able to face global challenges in the digital era.

Product Innovation Analysis as a Strategy to Survive in Competitive Markets

Zahara Meutia — 2024-12-28

This study aims to analyze the role of product innovation as a strategy to survive in a competitive market. Product innovation is the main key for companies in facing tight competition in the era of globalization and rapid technological development. This study uses a quantitative descriptive method with a survey approach to small, medium, and large companies in several industrial sectors. Data were collected through questionnaires and in-depth interviews with company management who have experience in developing innovative products. The results of the study show that product innovation has a significant positive impact on the competitiveness and performance of the company, both in terms of increasing sales, customer loyalty, and market share. Factors that support the success of product innovation include the use of technology, research and development (R&D), and a focus on customer needs. In addition, obstacles that are often faced in implementing innovation include limited resources, capital, and access to technology. Proposed solutions include increasing investment in technology, collaboration with research institutions, and implementing customer-centric strategies.

The Influence of Entrepreneurship in the Higher Education Environment on Entrepreneurial Motivation

Sattar Rasul — 2024-12-29

This study aims to analyze the influence of entrepreneurship in the university environment on students' entrepreneurial motivation. Along with the increasingly rapid economic development, entrepreneurship has become an attractive career choice for the younger generation, especially students. Universities as educational institutions have a strategic role in shaping the character and entrepreneurial mindset of students through the entrepreneurship programs they organize. This study uses a quantitative approach with survey methods and multiple regression analysis to identify factors that influence entrepreneurial motivation. The results of the study show that entrepreneurship in universities, which include entrepreneurship courses, seminars, training, and business incubators, have a significant influence on increasing students' entrepreneurial motivation. These entrepreneurship programs provide knowledge, skills, and support that are very important for students to start their businesses. In addition, social support from family and friends as well as economic conditions also play a role in increasing students' entrepreneurial motivation. The conclusion of this study is that entrepreneurship in universities contributes positively to encouraging students to enter the business world, so universities need to continue to develop their entrepreneurship programs to support the creation of innovative and competitive young entrepreneurs.

Study of the Application of Environmentally Friendly Concepts in Micro and Small Businesses

Atika Aini Nasution — 2024-12-29

This study aims to analyze the application of environmentally friendly concepts in micro-enterprises and understand the factors that influence the implementation of these sustainable practices. Amidst increasing global awareness of environmental issues, micro-enterprises have an important role in supporting sustainable development through more responsible business practices. The research method used is a qualitative descriptive approach with data collection techniques through observation, in-depth interviews, and literature studies. The research sample consists of several micro-enterprises in the production and service sectors in certain areas that have begun to implement environmentally friendly concepts in their business operations. The results of the study indicate that some micro-entrepreneurs have adopted environmentally friendly practices such as the use of environmentally friendly raw materials, waste management, energy efficiency, and the use of simple technology. However, the implementation of this concept still faces several obstacles, including limited capital, access to environmentally friendly technology, and lack of knowledge and socialization about the long-term benefits of these practices. Factors such as government support, incentive policies, and ongoing assistance are considered important drivers for the successful implementation of environmentally friendly concepts.

Analysis of the Relationship Between Tax Compliance and National Financial Health Indicators

Mela Novita Rizki — 2024-12-30

This study examines the relationship between tax compliance and national financial health, focusing on how tax compliance rates influence key financial indicators such as public debt, fiscal deficits, inflation rates, and economic growth. Using data from a diverse sample of countries, both developed and developing, the study employs quantitative analysis through regression models to explore the impact of tax compliance on these financial outcomes. The results indicate that countries with higher tax compliance tend to have lower debt-to-GDP ratios, smaller fiscal deficits, stable inflation rates, and stronger economic growth. Institutional quality, digital tax systems, and tax morale are also identified as significant factors that enhance compliance and, in turn, improve financial health. Furthermore, the study highlights the long-term benefits of sustained tax compliance efforts and the importance of international cooperation in enhancing tax revenue collection. The findings provide valuable insights for policymakers aiming to improve fiscal stability by focusing on tax compliance as a key component of their economic strategies. Ultimately, the study demonstrates that effective tax systems are crucial for ensuring long-term financial stability and fostering sustainable economic growth.