ICBI 2015
Permanent URI for this collectionhttp://repository.kln.ac.lk/handle/123456789/10527
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Item Multidimensional Framework for Procurement Selection Criteria for Warehouse Management in Sri Lanka(Faculty of Commerce and Management Studies, University of Kelaniya, 2015) Konara, K.M.G.K.; de Zoysa, T.S.; Rajini, P.A.D.; Wijerathne, M.G.D.T.A chain is only as strong as its weakest link. In order to retain the effectiveness and efficiency of a Supply Chain (SC), each segment or the link of the SC require to perform their portion, effectively and efficiently. Modern organizations are in a process of creating innovative concepts and practices in order to obtain the competitive edge among the competitors. Warehouse Management (WM) is one such concept that has been introduced to improve the performance of SC. It plays a major role as the most commonly procured business function over the years, whereas world class companies has identified it as an enabler for improving logistics. However irrespective of the worldwide revolutionary achievements gained by SC and WM, procurement of WM within the Sri Lankan context is still lagging behind. Therefore this research is mainly intended to develop framework which enable evaluating procurement options of WM for the Sri Lankan context. To achieve the aforementioned aim literature survey and questionnaires survey were used as main data collection tools while Relative Importance Index (RII) method and Analytic Hierarchy Process (AHP) multi-criterion decision making tool were used to analyze data. The scope of the framework extends to both micro and macro environments of the related industry. Thus it comprises the criteria of economic, geographical, technological, quality related, service level, legal and social environment. The findings revealed that there are mainly three procurement methods presence in Sri Lankan WM industry namely in house option, outsource option and semi outsource option out of which outsourcing been the widely accepted method. Economic and geographical criteria became the mainly considered criteria when selecting a WM. the developed framework can be used as a guideline for decision making when procuring WM services for an organization within the Sri Lankan contextItem A Survey on Capital Budgeting Techniques Practiced by the Sri Lankan Commercial Sector(Faculty of Commerce and Management Studies, University of Kelaniya, 2015) Ranaweera, A.L.; Fernado, C.S.P.K.; Rajini, P.A.D.; Weerasinghe, R.P.N.P.Capital Budgeting (CB) is one of the most important areas of firms’ decision making process that contributes to long term growth of the firm. Various Capital Budgeting Techniques (CBTs) are being widely used among financial expertise. Several techniques are commonly used to evaluate capital budgeting projects such as Discounted Cash Flow techniques such as Net Present Value (NPV), Internal Rate of Return (IRR) and Profitability Index (PI)) and Non-Discounted Cash Flow techniques such as Payback Period (PP) and Accounting Rate of Return (ARR)). Recent studies highlighted that financial managers favor methods such as the NPV, IRR or PP techniques (Lawrence, et al., 1997). The use of techniques is varying with different factors including organizations, managers, and size of the project. This study particularly finds the Capital Budgeting Techniques (CBT) practiced in Sri Lankan commercial sector organizations. A semi-structured questionnaire survey was conducted to gather empirical findings with the selected sample. It was found that majority of the firms are using NPV as a primary CBT while the second is given to PP and IRR respectively. Some firms adopt more than one technique to be a primary tool and it was highlighted that NPV and IRR as the most commonly used combination in project evolutions. The study found that majority of the firms adopts Weighted Average Cost of Capital (WACC) as an independent measure of cost of capital. It was revealed there is a high tendency towards adopting CBTs to evaluate the projects in Sri Lankan commercial sector.