Role of inventory and assets in shareholder value creation

Hilmola, Olli‐Pekka

doi:10.1016/j.eswax.2020.100027

Cited by 10 publications

(11 citation statements)

References 23 publications

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“…The company's inventories include raw materials, work-in-process, and finished goods. Inventory control is essential for companies because it can determine the effectiveness and efficiency of inventory to reduce the amount of inventory without damaging internal efficiency, the accuracy of delivery to customers, and the right inventory level (Hilmola et al, 2020).…”

Section: Inventory Controlmentioning

confidence: 99%

“…The company does not lose the opportunity to serve sales due to a lack of raw material inventory (Abdul, 2018). Controlling the company's inventory with a certain level as needed will provide efficiency and effectiveness because it can estimate the appropriate material needs, timely delivery, and adequate inventory levels (Hilmola, 2020). Effective inventor y control management is recognized as one of the areas that the management of any organization must possess.…”

Section: Introductionmentioning

confidence: 99%

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Effect of Supplier Collaboration on Company Performance through Lean Manufacture and Inventory Control

Riofiandi

Tarigan²

2022

ijbs

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This study examined how supplier collaboration practices can affect company performance through the mediation of lean manufacturing and inventory control in the context of Java, Indonesia. The mediating effect of lean manufacturing and inventory control on the relationship between supplier collaboration practices and company performance was investigated. This survey was collected among 88 manufacturing companies on the island of Java, which are engaged in the chemical and chemical goods sector and the non-metallic minerals industry. Validity and reliability analysis and structural equation modeling to test hypotheses using smartPLS software. This study reveals that supplier collaboration practices positively and significantly affect company performance. In addition, it also found that inventory control positively and significantly mediates the relationship between supplier collaboration practices and company performance. In contrast, lean manufacturing does not significantly mediate the relationship between supplier collaboration practices and company performance. This study contributes to the knowledge of the mediation effect in the practice of inventory control and lean manufacturing on the company performance-supplier collaboration relationship. Company leaders also gain insight on how to collaborate with suppliers to help companies implement more efficient business practices by making continuous improvements and always maintaining inventory levels so that companies can improve their performance.

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Section: Inventory Controlmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Effect of Supplier Collaboration on Company Performance through Lean Manufacture and Inventory Control

Riofiandi

Tarigan²

2022

ijbs

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“…The recent research derives its importance from taking into consideration to focus on the inventory as the current assets, as recommended by the previous studies. For example, a recent study conducted by Hilmola (2020) mentioned the necessity for researchers to conduct additional research on inventory due to the importance in promoting the firm performance and shareholders related to the value creation Ahmed et al, 2020;Ahmed et al, 2016;. The previous research has given an empirical evidence that inventory management strategies had a positive impact on the financial performance (Muchaendepi, Mbohwa, Hamandishe, & Kanyepe, 2019;Alfadhl & Alabdullah, 2013).…”

Section: Introductionmentioning

confidence: 99%

The Inventory Control System’s Weaknesses Based on the Accounting Postgraduate Students’ Perspectives

Ahmed

Alabdullah

Ardhani

et al. 2021

JABE

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The decisions made by the management in recording the amount of selling inventory in the year before the real year are as important as determining and defining the economic order size in the inventory management system. However, studies on accounting management, accounting education, and even operational management did not sufficiently discuss and evaluate such procedures to consider whether or not manipulations, frauds, or mistakes were made by the management. An obvious understanding to determine this kind of action by the managers considered as a vital element to the accounting education is represented in the recent study on the accounting postgraduate students by identifying their opinions in determining and describing whether the inventory management is weak or not and there are violations or not. The recent study is considered qualitative conducted by asking questions to 32 accounting postgraduate students regarding to the weaknesses of inventory management. The findings show that inventory management was not appropriately conducted and there were several problems and violations made by the sales managers. The other findings show that management inventory was used by the sales managers to sell the inventory in line with promoting their interests as they apply an earning management behavior. The findings also demonstrate that such case is not considered as a fraud but as a manipulation behavior.

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“…Fixed assets take part in the production process for a long time, transfer their value to the manufactured products in parts, but at the same time retain their natural form. In this regard, there is a need for their most efficient use [4][5][6].…”

Section: Introductionmentioning

confidence: 99%

Development of a methodological tool for internal control to increase the efficiency of use of fixed assets

et al. 2021

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The basis of the material and technical base of the operation of enterprises are fixed assets. Therefore, the effective organization of accounting and internal control of operations with fixed assets is one of the important tasks facing the management of any enterprise. The purpose of the article consists in development of methodical toolkit of internal control for increase in efficiency of use of the fixed assets. For the development of theoretical bases the article develops the conceptual model of internal control of operations with the fixed assets, which is a logically interconnected system including basic elements of internal control such as purpose, objectives, functions, object, subject, tools, sources of information, regulatory framework, evidence collection, execution of audit results and development of recommendations. In order to improve methodological support, the working papers of internal control were developed in the article. The proposed working documents can be used to identify critical areas of accounting with a high level of risk and determine the means of control necessary to conduct control procedures; to assess the organization and functioning of internal control, the effectiveness of employees responsible for the safety of fixed assets; formation of the information base for management decisions; assessment of risks associated with the acquisition and use of fixed assets.

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Role of inventory and assets in shareholder value creation

Cited by 10 publications

References 23 publications

Effect of Supplier Collaboration on Company Performance through Lean Manufacture and Inventory Control

Effect of Supplier Collaboration on Company Performance through Lean Manufacture and Inventory Control

The Inventory Control System’s Weaknesses Based on the Accounting Postgraduate Students’ Perspectives

Development of a methodological tool for internal control to increase the efficiency of use of fixed assets

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