Information sharing - Abu Dhabi - National bank - Supply chain
The aim of this paper is to provide detailed information about sustainable practices in information in supply chain and the impacts in the business world. A case study was embarked on of the National Bank of Abu Dhabi one of the world's safest bank and a bank with branches and office in other countries. The study was to examine how the bank handles information sharing among its supply chains.
This study points out the opportunities and challenges associated with information sharing with the supply chain. Emphasis is put on the discussion on the various methods of information sharing among organizations. However, future research is encouraged to build on these findings since the use of a single case cannot be used to make a general conclusion. A deeper look into other banks in different parts of the world.
The study provides practical recommendations developed from the discussion. The issue of sustainable information sharing is an emerging trend and has raised interest especially in organizations that have different branches and offices in many parts of the world and depends on supply chains to run their businesses. The literature review in the study expounds on how to carry out sustainable information sharing to the supply chain.
[...] Over the 18 foreign countries, the bank has 60 branches and offices in these countries. It has Islamic banking service that is operated by Abu Dhabi Islamic Finance Company. The bank has received various recognitions in the world. Global finance magazine named the bank among the worlds' safest bank in the emerging markets. In 2012, the bank was awarded Asian Banker Award 2012' by the Best Payment Infrastructure Project for the banks technological advancement. The Asian Banker granted the bank with ‘Best Bank in the UAE' award in 2013. [...]
[...] The link to better sustainable supply chain management is through information sharing among the partners. Technology has advance, and the use of computers have increased in the recent years. Each and every day developers are making new applications that mostly involve both storing information and simultaneous use by several individuals. More than ever, information is readily accessible as internet usage has spread to almost all corners of the world (Hanna & Boyson, 1993). In contrast from days in the past, the information is safe from physical damage; the use of cloud services where information is stored on the internet safe from any physical damage (World Bank, 2002). [...]
[...] A large number of the respondents agreed to all the questions on sustainability practices and their advantages. Sustainable practices improve organization compliance on environmental compliance; 60% of the respondents agreed to the statement. The same response was on; reduction on energy consumption reduces the consumption for hazardous material, increases sales and market share, reduction of waste and disposal costs and improves resource management efficiency. Over 58% of the respondents agreed to sustainable practices having a positive effect on the social performance. [...]
[...] Different scholars have tried to examine the relationship between a firm's performance and sustainable development practices or corporate social responsibility. Most of them have showed that there is a positive relationship between a company's performance and corporate social responsibility. This brings out one hypothesis of the study; do banks with better sustainable development practices perform better. Rogers, Jalal and Boyd in their survey, of more than 30 financial institution from the year 2000- 2005 showed that sustainable development practices at these banks improved their performance as they engaged in activities such as micro lending, financing sustainable development and performing environmental risk analysis before funding or lending to any business ventures (Rogers, Jalal & Boyd, 2012) Then comes the question of how sustainability can be defined and applied to supply chain and if there is a relationship between the concepts of sustainability and supply chain management and information sharing lead to economic success of the firm. [...]
[...] Technology uncertainty has effect on the supply chain integration Table 17 Figure 17 From the table and figure 17 above of the respondents agreed that technological uncertainty will affect supply chain integration; three more respondents strongly agreed that technological uncertainty will affect supply chain integration of the respondents neither agreed or disagreed whereas two of the respondents disagreed that technological advances will have an effect on the integration of the of the supply chain Sustainable practices improve organizational compliance to environmental standards Table 18 Figure 18 From the table and figure 18 above, an overwhelming number of the respondents represented by 73% agreed that sustainable practices improve organizational compliance to environmental compliance. Four of the respondents strongly agreed to sustainable practices improving organizational compliance to the environment. [...]
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