Browsing by Author "Ayodele, Ademola Emmanuel"

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Cost Performance of Overall Equipment Effectiveness in Manufacturing: The Activity-Based Effectiveness Approach
(University of the Witwatersrand, Johannesburg, 2024) David, Elmarie; Ayodele, Ademola Emmanuel
This research paper aimed to develop, validate, and implement a structured and replicable method for assessing overall equipment effectiveness (OEE) using a cost-oriented approach known as the Activity-Based Effectiveness (ABE) methodology. Integrating principles from both the Overall Equipment Effectiveness (OEE) and Activity-Based Costing (ABC) methodologies, the proposed ABE methodology offered a systematic framework for evaluating and enhancing organizational performance. By shifting the focus from time-based or percentage-based metrics to cost-based metrics, the ABE approach sought to enhance understanding, benchmarking, and decision-making within organizations. The study adopted a mixed-methods approach, involving two phases of data collection. Firstly, an electronic survey and interview questionnaire were administered to participants employed across various organizational levels within the manufacturing industry. A minimum of 125 participants were surveyed, and the data were analysed using SPSS software. Secondly, the ABE methodology was implemented at a case company operating in the automotive component manufacturing sector, where OEE data were collected over a three-month period from ten different machines. The collected data were analysed using the ABE methodology, with informed consent obtained from the case company and strict confidentiality measures in place. The findings revealed that the implementation of the ABE approach facilitated a clear identification of areas requiring improvement, thereby enhancing understanding, benchmarking, and decision-making processes. However, it should be noted that this study was limited to the implementation of the ABE system within a single case company. While the standardized cost approach implied generalizability, it could not be conclusively verified through this research alone. Additionally, since the case company already had OEE and ABC methodologies in place prior to the study, the full implementation of the ABE system remained untested. Nevertheless, this research offered a practical framework for calculating OEE as a cost metric in a structured manner, thereby supporting organizational effectiveness.
Essays on Agricultural Finance, Financial Development, and Economic Growth in Nigeria
(University of the Witwatersrand, Johannesburg, 2024) Ayodele, Ademola Emmanuel; Tweneboah, George
This study examines essays on agricultural finance, financial development and growth in Nigeria. It focuses on investigating the individual and joint effects of agriculture finance and financial development indicators on growth. Also, the research computed the threshold of agricultural finance at which financial development indicators optimizes inclusive growth in Nigeria. To achieve these research objectives, we adopted both the Endogenous growth and Solow-Swan theoretical foundation; and employed the Autoregressive Distributed Lag (ARDL) and Quantile Autoregressive Distributed Lag (QARDL) techniques. The study utilized time series data from the Central Bank of Nigeria (CBN) Statistical Bulletin and World Bank World Development Indicators (WDI) covering 1980 to 2022. The results reveals that agriculture finance exerted significant negative impact on economic growth in the short-run; however, the long-run impact of agriculture finance on economic growth is positive. Also, it was observed from that financial development indicators (bank deposit, credit to private sector and market capitalization) have positive impact on economic growth. Although, bank deposits exerted negative impact on agricultural output growth, credit to private sector and market capitalization impacted positively on agricultural output growth. Furthermore, it was observed from the QARDL results that positive links exist between agriculture finance, financial development indicators and inclusive growth in the short-run. Also, the interactive effects of agriculture finance and financial development indicators on inclusive growth were positive in the short and long-run periods. Lastly, the threshold effects of agricultural finance suggest an optimal level that maximizes inclusive growth, indicating policymakers should consider an 11% to 14% allocation of GDP per employed person to the agricultural sector. Therefore, the study recommends as key access to agricultural credit, as well as ensuring proper monitoring to boost growth in Nigeria. Importantly, credit to the agricultural sector should be kept within the established threshold level, since agricultural finance might exert some adverse effects on inclusive growth when it exceeds the established threshold levels.
Inventory management and firm competitive advantage for online sales
(University of the Witwatersrand, Johannesburg, 2023) Hassen, Nishaat; Ayodele, Ademola Emmanuel
To remain competitive and to gain an advantage over competitors, companies are required to supply their goods more efficiently to the customer and streamline the process to make sure the product ordered reaches the recipient as soon as possible. However, under the ongoing COVID-19 pandemic suppliers and retailers have been forced to enter E-Commerce and online ordering which is all based on effective stock and inventory management. Existing research conducted shows a lack of sufficient information linking an effective inventory management system and process to the value it adds in gaining a competitive advantage. Notable since the advent of COVID, online sales have surged warranting that companies supply goods much faster without any delay to retain customers and to gain new customers. To make products available within the right time has become a competitive advantage for suppliers and retailers. The current study investigated how competitive advantage can be gained for online sales through identifying best practices for inventory management for distribution and logistics companies. The research implemented a cross-sectional approach, whereby information was elicited from 127 personnel comprising top management team, managers and operational workers of logistics and distribution companies in Johannesburg, South Africa. Both descriptive and inferential statistic were conducted. The partial least square structural equation modelling displayed a structural relationship between competitive advantage and inventory management practices dimensions., With COVID 19 majorly impacting operations firms are advised to manage orders more efficiently and forecast in meeting demand fluctuations