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Development of Decision Support Tool for Transport Forwarding Company Operating within Netherlands and Italy

This paper investigates the development of a decision support tool for a Latvian transportation company operating in the Dutch and Italian markets. Models and algorithms for optimizing freight routes using Excel and Python are included. Digitalization of logistics processes is recognized as a key to improve efficiency and reduce costs. Two methods for solving the traveling salesman problem were examined and compared: Excel with Solver and Python with the NetworkX library.The methodology involved collecting data from Google My Maps, creating Excel spreadsheets, and developing Python software to automate route optimization. The results showed that both methods improved route planning, reducing time and cost, as well as reducing carbon footprint.The study emphasizes the importance of integrating technologies such as machine learning and big data into logistics to increase flexibility and adaptability. Recommendations were offered to further improve and implement these technologies for sustainable business development and increased competitiveness in international markets.

Author: Anastasija Škaduna

Supervisor: Berdymyrat Ovezmyradov

Degree: Professional Bachelor

Year: 2024

Work Language: English

Enhancing Logistics Efficiency in Small Textile Businesses in India: Leveraging MS Dynamics AX for Process Optimization and Cost Reduction

The study explores the factors influencing Microsoft Dynamics AX implementation in small- scale textile enterprises in India's rapidly growing market. It identifies three main factors: cost- related aspects, integration with existing systems, and change management. Organizational preparedness is crucial, involving managing customization costs, employee resistance, and training. The effectiveness of MS Dynamics AX in logistics management depends on technological infrastructure and data migration operations. Efficient management of licensing and maintenance expenses, strong communication, and user acceptance can ensure long-term success

Author: Nithin Vinoy

Supervisor: Genadijs Gromovs

Degree: Professional Bachelor

Year: 2024

Work Language: English

Increasing the efficiency of the company as a result of the organization of optimal procurement procedures

The purpose of the study is to explore and analyse the organisations procurement procedures, their efficiency and the possibilities for increasing it in the company “MKStar”.To achieve the purpose of the Bachelor's work, the author set out the following tasks: 1) Explore theoretical aspects of procurement procedures for improving efficiency. 2) Analyse the market trends of a particular sector. 3) To examine the subject company and its procurement procedures. 4) To perform an analysis of procurement procedures of the company. 5) To draw conclusions and proposals on increasing the efficiency of the company based on the results of the study.The study used these data collection methods: document analysis, semi-structured expert interviews and secondary data analysis.In the work, the author used purchasing analysis methods such as: ''Inventory Turnover'', ''Lean'' and the ''Kralyk Matrix''.The main results of the work relate to joint cooperation between the supplier of raw materials. One way to optimize collaboration is to integrate supplier and buyer purchasing software. One of the problems identified in the work is the fragmentation of suppliers warehouses, which consequently affects the availability of raw materials.

Author: Rūdolfs Klāvs Baķis

Supervisor: Renāte Indrika

Degree: Professional Bachelor

Year: 2024

Work Language: Latvian

Increasing the efficiency of a manufacturing enterprise

This bachelor’s thesis is dedicated to the study of methods for improving the efficiency of a manufacturing enterprise. The work examines the theoretical aspects of determining efficiency, analyzes various approaches to its research and methods of improvement, and emphasizes the importance of strategic planning.The practical part of the research includes a description of the company's activities, an assessment of its financial condition, and a SWOT analysis. The work also reviews sales data in various segments of the non-alcoholic beverages market in Latvia, which helps identify problem areas and develop improvement recommendations.Particular attention is paid to the development of a production process improvement plan, including a detailed analysis of current operations and optimization proposals.The work is based on the analysis of the company's financial indicators for the period from 2020 to 2022, which allows identifying trends in profitability and liquidity indicators.The presented conclusions and recommendations can be used to enhance the efficiency of the enterprise and improve its competitive position in the market.

Author: Vitāliušs Mareks Kolodinskis

Supervisor: Aleksandrs Medvedevs

Degree: Professional Bachelor

Year: 2024

Work Language: Latvian

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