Pandemic turned into pandemonium: the effect on supply chains and the role of accounting information

Velayutham, Ajantha; Rahman, Asheq; Narayan, Anil K.; Wang, Michael

doi:10.1108/aaaj-08-2020-4800

Cited by 42 publications

(60 citation statements)

References 27 publications

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“…Finally, Cluster 6 respects the discussion on how the measures implemented by States in regards to the COVID-19 pandemic affected the supply chains, and how accounting information can have a role in this problem. Scholars contribute to disseminating the importance of accounting management information as an input to mitigate supply chain uncertainties in times of crisis, in case organizations can align the accounting information flows with the supply chain activity flows (Velayutham et al, 2021).…”

Section: Resultsmentioning

confidence: 99%

Trends in the Management Accounting Research: A Review of the Literature Published during the COVID-19 Pandemic

Santos¹,

Dias²,

Alexandre³

et al. 2021

Fifth International Scientific Conference ITEMA Recent Advances in Information Technology, Tourism, Economics, Management and A

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Management accounting theory aims to contribute to managers using accounting reports for supporting their management decisions. During the COVID-19 pandemic, such insights would be essential for supporting decisions during lockdowns and other policy makers’ rules imposed by this health crisis. To unveil how academic literature addresses management accounting challenges arising from the COVID-19 specific context, this study conducts an automated computer analysis of the bibliometric data addressing financial issues related to the COVID-19 pandemic.

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Section: Resultsmentioning

confidence: 99%

Trends in the Management Accounting Research: A Review of the Literature Published during the COVID-19 Pandemic

Santos¹,

Dias²,

Alexandre³

et al. 2021

Fifth International Scientific Conference ITEMA Recent Advances in Information Technology, Tourism, Economics, Management and A

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“…Some studies have highlighted the importance of performance management as a key tool for managing supply chain (Chiarini & Vagnoni, 2015;Hong et al, 2018), enhancing SCM activities and relationships (Mouritsen et al, 2001;Hofmann & Kotzab, 2010), reducing relational risk or promoting greater cooperation through trust building (Coletti et Asian Journal of Business and Accounting 15(1), 2022 al., 2005;Abdullah et al, 2020). As pointed out by Velayutham et al (2021), the recent Covid-19 pandemic has uncovered the lack of visibility as a problem in certain supply chains and they identified that accounting information can be used to increase the visibility throughout the supply chain.…”

Section: Information Sharing and The Role Of Accountingmentioning

confidence: 99%

Accounting Information and Supply Chain Management Practices in the Era of IR 4.0: The Case of a Japanese Subsidiary in Malaysia

Azhar¹,

Mohamad²,

Pitchay³

2022

AJBA

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Manuscript type: Research paper Research aims: This study aims to explore the interplay between accounting information and supply chain management (SCM) practices of a Malaysian subsidiary whose shares are largely owned by a Japanese parent company. Design/Methodology/Approach: This study follows a qualitative, case study methodology. The major sources of this study’s data were collected through semi-structured interviews, documentary reviews and informal observations. Research findings: Influenced by its parent company’s management style that concerns aligning business practices with the fourth Industrial Revolution (IR 4.0), the case company has subscribed to a set of accounting systems and SCM practices to manage its complex business activities. As much as accounting systems influence its SCM practices more naturally, SCM practices also influence its accounting practices quite extensively. On the one hand, it has used accounting reports to manage its cashflow, to develop its marketing plan, and to monitor its performance. On the other hand, its SCM practices have shaped the ways pricing and performance measures are set with much negotiation. Theoretical contribution/Originality: Using the Resource Based View (RBV) as a theoretical lens, this study analyses the role of accounting within the context of the supply chain network by exploring how accounting systems influence and/or get influenced by SCM practices. Practitioner/Policy implications: The findings are important in shedding light on the interplay between accounting and SCM in view of their strong networks and mutual roles in relation to the natural supply chain setting of a Japanese subsidiary company by relating to the IR 4.0’s demands. Research limitation/Implications: This study is based on one case study and that the specific accounting information that were reported in the company were not identified. This study has revealed that information sharing has streamlined SCM and influenced performance as members in the supply chain network are able to collaborate in a more integrated and seamless manner to enhance the organisational competitive advantage as highlighted by the RBV theory and as emphasised by IR 4.0. Keywords: Accounting Systems, Case Study, Japanese Subsidiary, SCM Practices, IR 4.0 JEL Classification: M41

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“…Whilst this may provide short-term interventions to mitigate the risk, it fails to address supply chain vulnerabilities in the long term (Butt 2021). Velayutham et al (2021) debate that organisations that are genuinely focused on resilience will learn from the pandemic to plan and prepare for future SCDs. From the interviewees' testimonials, it was noticed that whilst the retailers have a long-term focus on addressing the pandemic, they struggled to strike a balance between mitigating the disruption whilst planning for the long-term.…”

Section: Following a Clear Strategy For Long-term Planningmentioning

confidence: 99%

Responding to supply chain disruptions caused by the COVID-19 pandemic: A Black Swan event for omnichannel retailers

Weber

2021

J. transp. supply chain manag.

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Background: The COVID-19 pandemic has triggered unprecedented growth in digital commerce and has accelerated the digital transformation of many retailers. An unforeseen event, such as the COVID-19 pandemic, is often referred to as a ‘Black Swan’ event – being of low probability to occur but causing substantial disruptions to a supply chain. Lockdown restrictions imposed to curb the spread of coronavirus resulted in significant external and internal disruptions to retailers’ supply chains. Omnichannel retailer’s ability to respond to the pandemic’s disruption hinges on resilient supply chain strategies.Objectives: This article explored the major supply chain disruptions experienced by South African omnichannel retailers because of the COVID-19 pandemic. Furthermore, it investigated the response strategies employed by the retailers as part of their efforts to mitigate the disruptions caused.Method: This study followed a qualitative, exploratory research design. Data were collected through 17 semi-structured interviews with the senior managers from nine different large omnichannel retailers in South Africa.Results: The study found that omnichannel retailers experienced external and internal supply chain disruptions during the pandemic. The most noticeable external disruption was the drastic migration of consumers to online channels and the retailers’ inability to meet demand surges. Internally, systems constraints of both front- and back-end operations were identified as prominent disruptions. In response, the omnichannel retailers highlighted the importance of being agile to unlocking investments and scale capacity, to plan for the long-term, and to make strategic decisions, fluently.Conclusion: This article adds to the body of knowledge by being one of the first empirical studies to explore the impact of the COVID-19 pandemic on omnichannel supply chains in South Africa. In addition, this article adds to the scarce publications on the impact a ‘Black Swan’ event such as the COVID-19 pandemic can have on supply chains and possible ways retailers can react to similar disruptions in future.

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Pandemic turned into pandemonium: the effect on supply chains and the role of accounting information

Cited by 42 publications

References 27 publications

Trends in the Management Accounting Research: A Review of the Literature Published during the COVID-19 Pandemic

Trends in the Management Accounting Research: A Review of the Literature Published during the COVID-19 Pandemic

Accounting Information and Supply Chain Management Practices in the Era of IR 4.0: The Case of a Japanese Subsidiary in Malaysia

Responding to supply chain disruptions caused by the COVID-19 pandemic: A Black Swan event for omnichannel retailers

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