Assessing the Scope and Importance of Material Handling in Enhancing Operational Efficiency and Competitive Advantage for Fifa Oil Industries
This study explores the significance of material handling in enhancing the operational efficiency and competitive advantage of FIFA Oil Industries, a key player in the oil and gas sector. Material handling, encompassing the movement, storage, and management of raw materials and finished products, directly impacts the company's ability to streamline processes, reduce costs, and comply with stringent safety and environmental regulations. The research leverages theoretical frameworks such as Lean Manufacturing, the Theory of Constraints, and the Resource-Based View to understand how efficient material handling contributes to operational success. Key areas of focus include cost reduction, improved inventory management, integration of advanced technologies, and adherence to compliance standards. The study concludes that effective material handling is a strategic asset for FIFA Oil Industries, enabling it to enhance customer satisfaction, ensure sustainability, and maintain a competitive edge in a dynamic market environment. Keywords: Material Handling, Operational Efficiency, Competitive Advantage, Talent Management, Sustainability
Authors
- D. N. Prabhakar Murthy
- ASHBIN NAZAR
Institutions
- Bangalore University (IN)
Publication Details
- Journal
- INTERANTIONAL JOURNAL OF SCIENTIFIC RESEARCH IN ENGINEERING AND MANAGEMENT
- Published
- 2024-12-30
- DOI
- https://doi.org/10.55041/ijsrem40181
- Primary Topic
- Quality and Supply Management
- Type
- article
- Field-Weighted Citation Impact
- 0.00