The design of a flexible capital-constrained global supply chain by integrating operational and financial strategies

Wang, Mengyue; Huang, Hong-Xuan

doi:10.1016/j.omega.2018.11.016

Cited by 19 publications

(10 citation statements)

References 65 publications

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“…The SCF strategies usually include two related but distinct issues: (1) dealing with monetary issue among SC partners and financial organizations and (2) managing the cash flow of both internal and external of organization (Wang and Huang, 2019). The SSCF approach can benefit from collaboration among the SC participants, which generally results in lower debt costs, more loans-obtained opportunities or working assets reductions and generates more values to the consumers (Gelsomino et al , 2016; Bui et al , 2020b).…”

Section: Discussionmentioning

confidence: 99%

Comparing world regional sustainable supply chain finance using big data analytics: a bibliometric analysis

Tseng

Bui

Lim

et al. 2021

IMDS

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PurposeSustainable supply chain finance (SSCF) is a fascinated consideration for both academics and practitioners because the indicators are still underdeveloped in achieving SSCF. This study proposes a bibliometric data-driven analysis from the literature to illustrate a clear overall concept of SSCF that reveals hidden indicators for further improvement.Design/methodology/approachA hybrid quantitative and qualitative approach combining data-driven analysis, fuzzy Delphi method (FDM), entropy weight method (EWM) and fuzzy decision-making trial and evaluation laboratory (FDEMATEL) is employed to address the uncertainty in the context.FindingsThe results show that blockchain, cash flow shortage, reverse factoring, risk assessment and triple bottom line (TBL) play significant roles in SSCF. A comparison of the challenges and gaps among different geographic regions is provided in both advanced local perspective and a global state-of-the-art assessment. There are 35 countries/territories being categorized into five geographic regions. Of the five regions, two, Latin America and the Caribbean and Africa, show the needs for more improvement, exclusively in collaboration strategies and financial crisis. Exogenous impacts of wars, natural disasters and disease epidemics are implied as inevitable attributes for enhancing the sustainability.Originality/valueThis study contributes to (1) boundary SSCF foundations by data driven, (2) identifying the critical SSCF indicators and providing the knowledge gaps and directions as references for further examination and (3) addressing the gaps and challenges in different geographic regions to provide advanced assessment from local viewpoint and to diagnose the comprehensive global state of the art of SSCF.

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Section: Discussionmentioning

confidence: 99%

Comparing world regional sustainable supply chain finance using big data analytics: a bibliometric analysis

Tseng

Bui

Lim

et al. 2021

IMDS

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“…Liu et al [16] discussed the optimal decision under the risk hedging strategies of the option and the advance purchase discount contracts. Wang and Huang [17] revealed that collaborative decision-making on logistics and financial resources could effectively reduce exchange rate risks and improve the flexibility and performance of the supply chain. Bolandifar and Chen [18] investigated the optimal hedging strategy of risk-neutral firms in supply chain settings, concluding that both processors and retailers benefit from the retailers' pricing power when their margins are linked to purchase cost.…”

Section: Exchange Rate Risk Management Strategymentioning

confidence: 99%

Research on Financial Hedging Decision Based on Exchange Rate Risk in Transnational Supply Chain

Wang

Xiong

Hui

2021

Discrete Dynamics in Nature and Society

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This paper considers a three-echelon manufacturer-retailer-supplier supply chain, the purpose of which is to investigate the influence of the bilateral exchange rate risks of import and export and the leading company’s financial hedging on the decision-makers of the supply chain. Firstly, it constructs the profit function and the financial hedging decision-making model of each member in the decentralized supply chain. Secondly, it introduces the incentive mechanism of exchange rate risk hedging in the centralized supply chain. Thirdly, from the perspective of wholesale price agreements and revenue-sharing contracts, it discusses the impact of financial hedging behavior and bilateral exchange rate risks on the decision-making process of each member through mathematical modeling. Finally, it explores the relationships of decision variables through simulation analysis. The results illustrate that (i) for decentralized and centralized decision-making, the manufacturer’s expected profit and profit variance decrease with the increase of the fluctuations of import and export exchange rates under the hedging strategy for exchange rate risks; (ii) compared with the decentralized supply chain, the manufacturer’s expected profit in the centralized supply chain decreases slightly under the revenue-sharing contract; (iii) in the centralized supply chain, if the manufacturer’s risk hedging ratio is high, its profit variance is smaller than that of the decentralized supply chain and the expected profits of the retailer and the supplier will increase significantly; and (iv) for the members of the transnational supply chain, centralized decision-making is better than decentralized decision-making.

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“…The content of operational strategies, classification approaches to them, the main stages of development, as well as the importance of operational strategies in the development of supply chain, coordination with financial, information and corporate strategies, the formation of operational strategies by enterprises of various fields of activity, set out in the scientific works of a number of scientists: Chapman and Gatewood (2017), Chase, Jacobs and Aquilano (2019), Wang and Huang (2019), Santa et al (2020), Tarigan and Siagan (2021), Zatta et al (2021), Ishfaq and Raja (2020) and Zhang, Zhang and Yue (2021).…”

Section: Literature Reviewmentioning

confidence: 99%

The main aspects of choosing the enterprises' operating strategy

Karpenko¹,

Pienova²,

Melnychuk³

et al. 2021

Ind. Jour. Manag. & Prod.

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Retail trade occupies an important place in the economy of Ukraine, ensuring the sale of manufactured goods to end consumers. For retailers, it is important to achieve timeliness and reliability of services to meet customer needs, which can be achieved through the formation of operational strategy. The purpose of the article is to form a methodological approach to the development of operational strategy of retail enterprises, which is based on the requirements of corporate strategy, selected in accordance with the stage of the life cycle of the industry. The development of this methodological approach was carried out on the basis of Hill's model and system approach. As a result, a logical scheme of the process of developing an operational strategy is presented, which is specified by the list of input and output information. In order to determine the stage of the life cycle of the market of retail services in Ukraine, the eponymous concept of Porter was applied and the analysis was carried out according to the criteria: consumers and their behaviour, sales costs, changes in services, the nature of competition, profitability and found that the retail services market is growing. The method of observation, comparative and analytical method was used for the analysis, the Herfindahl-Hirschman index (HHI) was calculated on the basis of the data of the largest retail trade enterprises of Ukraine. As a result, it was found that the market of retail services in Ukraine is growing. With this in mind, an operational strategy for Ukrainian retailers has been proposed, which should aim to ensure the flexibility and variability of the operating system. The defined general direction of the operational strategy will allow to establish the content of decisions on the choice of operational processes, as well as the infrastructure to support them.

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The design of a flexible capital-constrained global supply chain by integrating operational and financial strategies

Cited by 19 publications

References 65 publications

Comparing world regional sustainable supply chain finance using big data analytics: a bibliometric analysis

Comparing world regional sustainable supply chain finance using big data analytics: a bibliometric analysis

Research on Financial Hedging Decision Based on Exchange Rate Risk in Transnational Supply Chain

The main aspects of choosing the enterprises' operating strategy

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