Enhancing Supply Chains’ Financial and Operational Performance Using the Atride-sterling Approach: A Focus on Financial Reporting and Inventory Management

Document Type : Research Paper

Authors

1 Associate Prof., Department of Industrial Management, Central Tehran Branch, Islamic Azad University, Tehran, Iran.

2 Assistant Prof., Department of Technology Management, Central Tehran Branch, Islamic Azad University, Tehran, Iran.

3 Ph.D. Candidate, Department of Industrial Management, Production and Operations, Central Tehran Branch, Islamic Azad University, Tehran, Iran.

Abstract

Objective
Improving the financial and operational performance of supply chains requires a strong focus on inventory management. Additionally, implementing financial measures at the operational level is crucial for enhancing overall performance. By establishing effective financial strategies at this level, the efficiency and profitability of the supply chain can be significantly increased. This article aims to apply the Atride-Sterling approach to enhance the financial and operational performance of supply chains.
 
Methods
The participants in this research were supply chain managers with a minimum of 15 years of teaching experience and a master's degree or higher. Participants were selected through purposive sampling, focusing on individuals with teaching experience at the elementary school level. A total of 22 experts participated in the study. Data collection was conducted using semi-structured interviews, which continued until theoretical saturation was reached. Thematic analysis, based on the Atride-Sterling model, was employed to analyze the qualitative data. To ensure validity, Holstein's coefficient, Scott's Pi coefficient, Cohen's kappa index, and Krippendorff's alpha were utilized, all of which were confirmed. Atlas.ti software was used for the thematic analysis.
 
Results
The results of the thematic analysis indicate that from the 54 available indicators, 13 fundamental themes can be identified, leading to the emergence of two categories of constructive themes: financial performance and supply chain operations. The identified model encompasses these two constructive themes, which include 13 primary themes: inventory management, financial reporting, operational financial measures, coordination, risk management, supply strategy, demand planning, technology management, logistics strategy, customer engagement, flexibility, supplier relationship management, and quality assurance on a global scale. Given the critical importance of the supply chain to organizational success, enhancing the financial and operational performance of this supply chain is essential.
 
Conclusion
Optimizing coordination between internal and external stakeholders, along with timely logistics management and the sharing of financial information, will enhance productivity, reduce costs, and improve competitiveness. Also, recognizing and managing various risks such as price risk, supplier risk, and market risk, are crucial measures for effectively addressing environmental challenges and seizing opportunities.
Objective
Improving the financial and operational performance of supply chains requires a strong focus on inventory management. Additionally, implementing financial measures at the operational level is crucial for enhancing overall performance. By establishing effective financial strategies at this level, the efficiency and profitability of the supply chain can be significantly increased. This article aims to apply the Atride-Sterling approach to enhance the financial and operational performance of supply chains.
 
Methods
The participants in this research were supply chain managers with a minimum of 15 years of teaching experience and a master's degree or higher. Participants were selected through purposive sampling, focusing on individuals with teaching experience at the elementary school level. A total of 22 experts participated in the study. Data collection was conducted using semi-structured interviews, which continued until theoretical saturation was reached. Thematic analysis, based on the Atride-Sterling model, was employed to analyze the qualitative data. To ensure validity, Holstein's coefficient, Scott's Pi coefficient, Cohen's kappa index, and Krippendorff's alpha were utilized, all of which were confirmed. Atlas.ti software was used for the thematic analysis.
 
Results
The results of the thematic analysis indicate that from the 54 available indicators, 13 fundamental themes can be identified, leading to the emergence of two categories of constructive themes: financial performance and supply chain operations. The identified model encompasses these two constructive themes, which include 13 primary themes: inventory management, financial reporting, operational financial measures, coordination, risk management, supply strategy, demand planning, technology management, logistics strategy, customer engagement, flexibility, supplier relationship management, and quality assurance on a global scale. Given the critical importance of the supply chain to organizational success, enhancing the financial and operational performance of this supply chain is essential.
 
Conclusion
Optimizing coordination between internal and external stakeholders, along with timely logistics management and the sharing of financial information, will enhance productivity, reduce costs, and improve competitiveness. Also, recognizing and managing various risks such as price risk, supplier risk, and market risk, are crucial measures for effectively addressing environmental challenges and seizing opportunities.

Keywords

Main Subjects

References

 
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Industrial Management Journal
Volume 16, Issue 3
2024
Pages 482-501

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