Our Accountant Consulting South African Blog

Published Aug 27, 20
6 min read

Find Accountant Consulting Africa

The sequential blended technique was utilized in this study. This method consists of either a quantitative and qualitative (quant-qual) research study or a qualitative and quantitative (qual-quant) research study. Combined approach studies present a pragmatic world view. With this method diverse types of information are collected which lead to an understanding of the research issue (Creswell 2009:18): The quant-qual research study begins with a broad study in order to generalise outcomes to a population and after that, in a second stage, focuses on qualitative, open-ended interviews to collect detailed views from participants.

To adapt the questionnaire content for the qualitative study, the products (or questions) in the questionnaire were categorised by the scientists to form the styles or topics for the focus group discussions. A third component in the type of readily available literature of primarily supply chain market associated reports and publications were integrated to compare the findings.

My South Africa Acts AfricaOur Accountant Consulting Africa

The SASC members include primarily large cargo owners and logistics provider in South Africa. (Cargo owners are associated with logistics activities for their own products [freight], and the company provide logistics services to other organisations.) These cargo owners and provider are confronted daily with difficulties in the organisation environment that affect their effectiveness, effectiveness, customer support and eventually the competitiveness of the entire supply chain (Badenhorst-Weiss & Waugh 2014:285).

Nineteen (19) service environment threat aspects were determined and consisted of in the questionnaire. The survey was talked about with the scientists and an analytical expert and boosted several times prior to finalisation and was evaluated to guarantee the credibility of the instrument. The survey was carried out in 2013 amongst members of the SASC, the Chartered Institute of Logistics and Transportation in South Africa (CILTSA) and the Transportation Online Forum (Badenhorst-Weiss & Waugh 2014:285).

Follow-up emails were sent out to increase the low action rate. Due to rigorous research study principles guidelines at the institution the researchers are connected to, the researchers could not utilize techniques such as further emails, putting pressure on the people to respond or offer rewards to increase the response rate. Therefore, sadly, just 51 functional reactions were received.

Our International Accounting Standards South Africa

Regardless of the low action rate and the resultant bias it was decided to continue with the catching of the data, since the findings of the study formed only one of the inputs to the study. The finished questionnaires were looked for disparities and omissions and the caught information was processed and analysed utilizing SPSS (Badenhorst-Weiss & Waugh 2014:285).

Naslund (2002) stated that logistics researchers likewise require to do qualitative research studies: 'Furthermore, if we truly wish to develop logistics, to establish new theories and ideas, then we require to question our paradigms, methodologies and choice of techniques.' The qualitative study was performed by ways of a focus group discussion - My Talent Management South Africa.

A focus group is specified by Cooper and Schindler (2008) as: [t] he simultaneous involvement of a small number of research study participants (typically 8 to 10) who engage at the instructions of a mediator to create information on a particular issue or subject, commonly utilized in explorative research studies and usually last 90 minutes to 2 hours (Search for accountancy firm near you).

704) According to Cooper and Schindler (2011:162), the sample design of a qualitative study can be non-probability or purposive and the sample size little. With non-probability or purposive sampling not all the individuals in the population will get an equal possibility to be picked (Zikmund et al. 2013:392). This indicates that scientists have the flexibility to choose participants subjectively, that is, each member of the population does not have a known chance of being included (Cooper & Schindler 2008:379). "However due to the fact that the knock-on effect is felt in several layers in the supply chain, I believe there'll be rather a bit of Tier 1 to Tier 3 supplier mapping post-COVID." As soon as making business have done the mapping, it may be clear that they're too reliant on specific suppliers or specific regions.

( It's much like consumers might have a back-up shop to get items they require.) "As COVID-19 started to rear its awful head, we started to feel the impact locally because of the physical stock that was coming out of the Far East," Linnell says. "That was a known danger that started to affect the supply chains for a lot of companies in South Africa.

Number One Compliance Africa

So that was among the techniques." Under typical scenarios, it requires time for producing business to onboard brand-new suppliers. However on the planet of COVID-19, some companies were so desperate to get stock that they were partnering with suppliers that put them at threat. Sometimes, there was carelessness that triggered quality assurance problems or straight-out fraud that cost business (and federal governments) millions.

" For some of the pharmaceutical business, there's clearly been a huge need for products (masks, ventilators, and so on). But they could not keep up with the need for what was needed so they were searching for numerous suppliers all over the location. Regrettably, breakdowns in the procurement procedures were unavoidable." To prevent this kind of disturbance throughout the COVID-19 pandemic, producing business must do more detailed research study into their providers.

It has to do with understanding who your suppliers are, what products or services they supply, and how reliant you are on them. Once you've 'run the risk of ranked' them, you can put mitigating controls in location. "Take a look at numerous strategies for your different suppliers based upon items, services, and danger exposure," Linnell says. "If it's a vital single source provider simply put, I can only get a component from them and not from anyone else then typically we put in location service level agreement stipulations that state that the supplier should make an alternate strategy to make sure services to the organisation.

Once they've supplied that info, we can understand the wider impact." If a supplier can't meet their arrangement, due to COVID-19 or any other factor, it is necessary to know this. Unfortunately, many production companies have an issue with reporting. They may sign up an incident but not be able to totally comprehend how it impacts the whole organisation (View our accounting firms in south africa nearby) (My IFRS South Africa).

" For instance, if a manufacturing company has a raw material problem, it tends to stay in that department. It does not get aggregated up or escalated as a danger. Worse, companies are going back to antiquated Excel-based reporting when they ought to be using advanced supply chain mapping software that can depict the interdependencies." Undoubtedly, with all the improvements in technology from huge information and expert system to advanced analytics and the ' Internet of Things' now is a good time for companies to discover about the brand-new tools that might make things simpler during COVID-19 and beyond.