The Importance of Supply Chain Management on Financial Optimization
| Main Author: | Agus, Arawati; Graduate School of Business (UKM-GSB), Universiti Kebangsaan Malaysia, 43600, Bangi, Selangor |
|---|---|
| Format: | Article info application/pdf eJournal |
| Bahasa: | eng |
| Terbitan: |
Institute of Research and Community Outreach - Petra Christian University
, 2013
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| Subjects: | |
| Online Access: |
http://jurnalindustri.petra.ac.id/index.php/ind/article/view/18844 http://jurnalindustri.petra.ac.id/index.php/ind/article/view/18844/18540 |
| ctrlnum |
article-18844 |
|---|---|
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<dc schemaLocation="http://www.openarchives.org/OAI/2.0/oai_dc/ http://www.openarchives.org/OAI/2.0/oai_dc.xsd"><title lang="en-US">The Importance of Supply Chain Management on Financial Optimization</title><creator>Agus, Arawati; Graduate School of Business (UKM-GSB), Universiti Kebangsaan Malaysia, 43600, Bangi, Selangor</creator><subject lang="en-US">Supply chain management, supply chain performance, financial optimization, mediating effect and regression based mediated analysis.</subject><description lang="en-US">Many manufacturing companies are facing uncertainties and stiff competition both locally and globally, intensified by increasing needs for sophisticated and high value products from demanding customers. These companies are forced to improve the quality of their supply chain management decisions, products and reduce their manufacturing costs. With today’s volatile and very challenging global market, many manufacturing companies have started to realize the importance of the proper managing of their supply chains. Supply chain management (SCM) involves practices such as strategic supplier partnership, customer focus, lean production, postpone concept and technology &amp; innovation. This study investigates the importance of SCM on financial optimization. The study measures production or SCM managers’ perceptions regarding SCM and level of performances in their companies. The paper also specifically investigates whether supply chain performance acts as a mediating variable in the relationship between SCM and financial optimization. These associations were analyzed through statistical methods such as Pearson’s correlation and a regression-based mediated analysis. The findings suggest that SCM has significant correlations with supply chain performance and financial optimization. In addition, the result of the regression-based mediated analysis demonstrates that supply chain performance mediates the linkage between SCM and financial optimization. The findings of the study provide a striking demonstration of the importance of SCM in enhancing the performances of Malaysian manufacturing companies. The result indicates that manufac-turing companies should emphasize greater management support for SCM implementation and a greater degree of attention for production integration and information flow integration in the manufacturing system in order to maximize profit and tzerimize cost.</description><publisher lang="en-US">Institute of Research and Community Outreach - Petra Christian University</publisher><date>2013-12-04</date><type>Journal:Article</type><type>Other:info:eu-repo/semantics/publishedVersion</type><type>File:application/pdf</type><identifier>http://jurnalindustri.petra.ac.id/index.php/ind/article/view/18844</identifier><identifier>10.9744/jti.15.2.77-84</identifier><source lang="en-US">Jurnal Teknik Industri; Vol 15, No 2 (2013): DECEMBER 2013; 77-84</source><language>eng</language><relation>http://jurnalindustri.petra.ac.id/index.php/ind/article/view/18844/18540</relation><rights>Authors who publish with this journal agree to the following terms:Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).  </rights><recordID>article-18844</recordID></dc>
|
| language |
eng |
| format |
Journal:Article Journal Other:info:eu-repo/semantics/publishedVersion Other File:application/pdf File Journal:eJournal |
| author |
Agus, Arawati; Graduate School of Business (UKM-GSB), Universiti Kebangsaan Malaysia, 43600, Bangi, Selangor |
| title |
The Importance of Supply Chain Management on Financial Optimization |
| publisher |
Institute of Research and Community Outreach - Petra Christian University |
| publishDate |
2013 |
| topic |
Supply chain management supply chain performance financial optimization mediating effect and regression based mediated analysis |
| url |
http://jurnalindustri.petra.ac.id/index.php/ind/article/view/18844 http://jurnalindustri.petra.ac.id/index.php/ind/article/view/18844/18540 |
| contents |
Many manufacturing companies are facing uncertainties and stiff competition both locally and globally, intensified by increasing needs for sophisticated and high value products from demanding customers. These companies are forced to improve the quality of their supply chain management decisions, products and reduce their manufacturing costs. With today’s volatile and very challenging global market, many manufacturing companies have started to realize the importance of the proper managing of their supply chains. Supply chain management (SCM) involves practices such as strategic supplier partnership, customer focus, lean production, postpone concept and technology & innovation. This study investigates the importance of SCM on financial optimization. The study measures production or SCM managers’ perceptions regarding SCM and level of performances in their companies. The paper also specifically investigates whether supply chain performance acts as a mediating variable in the relationship between SCM and financial optimization. These associations were analyzed through statistical methods such as Pearson’s correlation and a regression-based mediated analysis. The findings suggest that SCM has significant correlations with supply chain performance and financial optimization. In addition, the result of the regression-based mediated analysis demonstrates that supply chain performance mediates the linkage between SCM and financial optimization. The findings of the study provide a striking demonstration of the importance of SCM in enhancing the performances of Malaysian manufacturing companies. The result indicates that manufac-turing companies should emphasize greater management support for SCM implementation and a greater degree of attention for production integration and information flow integration in the manufacturing system in order to maximize profit and tzerimize cost. |
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Universitas Kristen Petra Surabaya |
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JAWA TIMUR |
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