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Abstract
This study aims to analyze the influence of Supply Chain Management on Financial Performance, with Supply Chain Agility and Resilience as the moderation variables. This study uses a quantitative approach using the Partial Least Squares Structural Equation Modeling (PLS-SEM) method, and involves 200 respondents from cement manufacturing companies in the Bogor area. The analysis showed that only one of the three hypotheses proved significant, namely the direct influence of Supply Chain Management on Financial Performance (significance value p = 0.024). Meanwhile, the Supply Chain Agility variable did not significantly moderate the relationship between Supply Chain Management and Financial Performance (p = 0.482), nor did the combination of Supply Chain Agility and Resilience (p = 0.345). These findings emphasize the importance of optimizing supply chain management practices to improve a company's financial performance. On the other hand, the effectiveness of the moderation of agility and resilience requires stronger support through technology integration, adaptive information systems, and the development of human resources that are responsive to change, especially in the context of the relatively stable cement industry.
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References
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References
Alfalla-Luque, R., Luj, D. E., Ia, G., & Marin-Garcia, J. A. (2022). Supply chain agility and performance: evidence from a meta-analysis. https://doi.org/10.13039/501100011033/(Ministry)
Altay, N., Gunasekaran, A., Dubey, R., & Childe, S. J. (2018). Agility and resilience as antecedents of supply chain performance under moderating effects of organizational culture within the humanitarian setting: a dynamic capability view. Production Planning and Control, 29(14), 1158–1174. https://doi.org/10.1080/09537287.2018.1542174
An easy way to help students learn, collaborate, and grow. 2018). www.wileypluslearningspace.com
Barhmi, A. (2019). Agility and Responsiveness Capabilities: Impact on Supply Chain Performance. European Scientific Journal ESJ, 15(7). https://doi.org/10.19044/esj.2019.v15n7p212
Bezawada, A., & Agarwal, R. (2022). Impact of ERP on Supply Chain Management: Enhancing Visibility and Efficiency.
Chopra, S., & Sodhi, M. S. (2022). Reducing the Risk of Supply Chain Disruptions.
Chowdhury, M. M. H., & Quaddus, M. (2016). Supply chain readiness, response, and recovery for resilience. Supply Chain Management, 21(6), 709–731. https://doi.org/10.1108/SCM-12-2015-0463
Eslami, M. H., Jafari, H., Achtenhagen, L., Carlbäck, J., & Wong, A. (2021). Financial performance and supply chain dynamic capabilities: the Moderating Role of Industry 4.0 technologies. International Journal of Production Research. https://doi.org/10.1080/00207543.2021.1966850
Gölgeci, I., & Gligor, D. M. (2022). Guest editorial: Deepening the theoretical understanding of agility and resilience in global supply chains. In International Journal of Physical Distribution and Logistics Management (Vol. 52, Issue 8, pp. 605–613). Emerald Publishing. https://doi.org/10.1108/IJPDLM-09-2022-536
Hair, J. F., Black, W. C., Babin, B. J., & Anderson, R. E. (2019). Multivariate Data Analysis, Eighth Edition. www.cengage.com/highered
Heizer, J., Render, B., & Munson, Chuck. (2020). Operations management: sustainability and supply chain management. Pearson.
Hsieh, C. C., Chen, S. L., & Huang, C. C. (2023). Investigating the Role of Supply Chain Environmental Risk in Shaping the Nexus of Supply Chain Agility, Resilience, and Performance. Sustainability (Switzerland), 15(20). https://doi.org/10.3390/su152015003
Ivanov, D. (2018). Supply chain resilience: Modelling, management, and control. In International Series in Operations Research and Management Science (Vol. 265, pp. 45–89). Springer New York LLC. https://doi.org/10.1007/978-3-319-69305-7_3
Ivanov, D. (2022). Viable supply chain model: integrating agility, resilience, and sustainability perspectives—lessons from and thinking beyond the COVID-19 pandemic. Annals of Operations Research, 319(1), 1411–1431. https://doi.org/10.1007/s10479-020-03640-6
Ivanov, D., & Dolgui, A. (2020). Viability of intertwined supply networks: extending the supply chain resilience angles towards survivability. A position paper motivated by the COVID-19 outbreak. International Journal of Production Research, 58(10), 2904–2915. https://doi.org/10.1080/00207543.2020.1750727
Ivanov, D., & Dolgui, A. (2021). A digital supply chain twin for managing the disruption risks and resilience in the era of Industry 4.0. Production Planning and Control, 32(9), 775–788. https://doi.org/10.1080/09537287.2020.1768450
Ivanov, D., & Dolgui, A. (2022). Stress testing supply chains and creating viable ecosystems. Operations Management Research, 15(1–2), 475–486. https://doi.org/10.1007/s12063-021-00194-z
Junaedy, J., & Pattiasina, V. (2023). Analysis of Financial Performance at PT Semen Indonesia (Persero), Tbk Listed on the Indonesia Stock Exchange. Golden Ratio of Finance Management, 3(1), 35–44. https://doi.org/10.52970/grfm.v3i1.311
Karl, A. A., Micheluzzi, J., Leite, L. R., & Pereira, C. R. (2018a). Supply chain resilience and key performance indicators: A systematic literature review. In Production (Vol. 28). https://doi.org/10.1590/0103-6513.20180020
Logistics-supply-chain-management_compress. (2018).
Pettit, T. J., Croxton, K. L., & Fiksel, J. (2013). Ensuring supply chain resilience: Development and implementation of an assessment tool. Journal of Business Logistics, 34(1), 46–76. https://doi.org/10.1111/jbl.12009
Scholten, K., & Schilder, S. (2015). The role of collaboration in supply chain resilience. Supply Chain Management, 20(4), 471–484. https://doi.org/10.1108/SCM-11-2014-0386
Scholten, K., Stevenson, M., & van Donk, D. P. (2020). Dealing with the unpredictable: supply chain resilience. In International Journal of Operations and Production Management (Vol. 40, Issue 1, pp. 1–10). Emerald Group Holdings Ltd. https://doi.org/10.1108/IJOPM-01-2020-789
Teece, D. J., Dopfer, K., Potts, J., & Pyka, A. (2004). Evolutionary Economics, Routines, and Dynamic Capabilities. https://www.ucl.ac.uk/bartlett/public-purpose/wp2022-17.
Tufan, C., Çiğdem, Ş., Kılıç, Y., & Sayar, G. (2024). Agility and Resilience in Supply Chains: Investigating Their Roles in Enhancing Financial Performance. Sustainability, 16(17), 7842. https://doi.org/10.3390/su16177842
Yu, W., Jacobs, M. A., Chavez, R., & Yang, J. (n.d.). Dynamism, disruption orientation, supply chain resilience, and financial performance impacts: A dynamic capabilities perspective.
Yusuf, Y., Asabe, D., & Geyi, G. (2022). Evidence from the oil and gas industry shows that Agile capabilities are necessary for maximising sustainable supply chain performance.
Yusuf, Y. Y., Adeleye, E. O., & Sivayoganathan, K. (2001). Agile supply chain capabilities: emerging patterns as a determinant of competitive objectives. Internet-Based Enterprise Integration and Management, 4566, 8–19. https://doi.org/10.1117/12.443147