Economic Archive

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  Concepts for Material Requirements Planning in the Company

  This article makes a systematic review of modern concepts of the management of material requirements for the company. There is also a consistent debate over the essence and specific technologies for planning the material requirements of the company. Special attention is paid to technology for determining the quantities of firm orders, which ... This article makes a systematic review of modern concepts of the management of material requirements for the company. There is also a consistent debate over the essence and specific technologies for planning the material requirements of the company. Special attention is paid to technology for determining the quantities of firm orders, which determine the quantities to buy in the company concerning the characteristics of the concept of buffer stock. A conclusion has been reached that, when planning the company's material requirements, the concept of buffer stock is easily applicable because planned orders can be defined simply by buffer stock being deducted from the initial balance of stocks available. On the other hand, a buffer period of delivery is somewhat more difficult to apply, because it cannot be obtained by artificially increasing the main period of delivery using some value of security.

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  Deficincies in the Implementation of SWOT Analysis

  SWOT analysis is one of the strategic analysis methods most widely employed to ‘reconcile’ advocates of introverted management concepts (organizational excellence, process management, economical pro¬duction, etc.) and extroverted approaches (marketing, strategic management for results, early warning systems, etc.). It gives prominence to both the ... SWOT analysis is one of the strategic analysis methods most widely employed to ‘reconcile’ advocates of introverted management concepts (organizational excellence, process management, economical pro¬duction, etc.) and extroverted approaches (marketing, strategic management for results, early warning systems, etc.). It gives prominence to both the envi¬ronment and the internal state of a subject in order to examine possible combinations of internal and external factors and generate ideas for strategic choices. Reviewing SWOT analyses as a constituent of all current strategic documents gives grounds for the assertion that its implementation is strikingly limited in terms of methodology, which renders it impossible to draw ade-quate conclusions or identify feasible development strategies. This article supports the thesis that SWOT analysis might be far more useful when it is properly implemented and its full potential is utilised.

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  Cities as Attractive Tourist Destinations

  Research into major urban centres as tourist destinations may be conducted from various perspectives. Analysis is essential since they bear a number of important characteristics which add to their appeal and influence choice as being possible tourist destinations. Related arguments are presented in the first part of the paper where the formulation ... Research into major urban centres as tourist destinations may be conducted from various perspectives. Analysis is essential since they bear a number of important characteristics which add to their appeal and influence choice as being possible tourist destinations. Related arguments are presented in the first part of the paper where the formulation of the research is also made. The second part of the paper defines the concept of ‘city tourism destination’ and the elements of its contents. These elements are crucial for designing conceptual and practical models to improve the power of city tourism destinations. Part three and part four of the research paper provide a brief description and apply a methodology based on the Global Power City Index in analysing the ranking of the world top ten city tourism destinations in 2014.