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Stream/Area:
-
Subject:
-
Paper ID:
10.55041/IJSREM40181
Volume:
8 |
12 |
Dec 2024
Pages:
Publication Frequency:
Monthly (12 issues per year)
License:International Journal of Scientific Research in Engineering and Management follows the Creative Commons Attribution 4.0 (CC BY 4.0) License, allowing free use and distribution with proper attribution.
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
Publication Date
12/28/2024
Peer Review Type
Double-Blind Peer Review
Review Rounds: 2
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Conflict of Interest
The authors declare no conflict of interest related to this research work.
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