Beverage Manufacturing Company Research Articles

Integrating ERM with HACCP for Enhanced Efficiency in SME Beverage Manufacturing: The Case of SME Beverage Manufacture Company in Rembang, Indonesia

This study presents an approach to determining the most impactful risks faced by an SME beverage manufacturing company in Rembang, Indonesia. Indonesia’s food and beverage market is highly competitive, especially for small and medium-sized enterprises (SMEs) that aim to sustain and grow their businesses. Focusing more on their business strategy, these SMEs often overlook risk management, which can lead to significant losses. The study employs a methodology that combines Enterprise Risk Management (ERM) with Hazard Analysis Critical Control Points (HACCP) to detect and evaluate potential risks in the production process, ultimately providing recommendations for the best possible corrective actions to manage these risks. The ERM framework highlighted three major risks associated with defective products, water shortage, and blackout, while the HACCP analysis pinpointed five critical control points (CCPs) in the production process of boiling, cooling, mixing, filling/bottling, and packaging. Based on these results, the study suggests corrective actions of installing backup generators, securing additional water supplies, and implementing homogenizers will benefit the company.

The Effect of Data Quality on Decision-Making. A Quasi Experimental Study

The current study aimed to investigate the relationship between data quality dimensions (completeness and timeliness) and decision-making efficiency. The researcher adopted the quasi-experimental approach to answer the research questions and hypotheses. The study participants consist of 60 subjects, distributed into 2 groups. The first group consisted of 20 sales executives from Saudi beverage manufacturing companies. The other group had 40 participants from Al-Imam university. The study experiment consisted of 4 scenarios, two for each dimension, that give the participants scenarios and ask them to make the best decision based on these data. The scenarios were applied through face-to-face meeting and time to take decisions was recorded by participants. For the first data quality dimension, completeness of data, both groups got scenarios where complete and incomplete data were offered, and they were asked to choose the best available option based on the offered data. For the second dimension, the groups were offered up-to-date data and obsolete data and were asked to choose the best decisions based on the scenarios. The results were analyzed for correlations to check If there is a correlation between the responses of the two groups. The study found strong evidence for a correlational relationship between data quality dimensions and decision-making efficiency at 0.05 and 0.01 significance level for the student and employee groups respectively. The study found that high-quality data leads to both better and faster decisions in both groups. There were no significant differences between occupation, or gender and time taken for making a decision. The current study highlights the importance of data quality dimensions. It urges organizations to use up-to-date data, and complete data sets to base their decisions.

Moderating Effect of Organizational Culture on the Relationship between Supply Chain Integration and Performance in Food and Beverage Manufacturing Companies in Kenya

The purpose of the study was to determine the moderating effect of organizational culture on the relationship between supply chain integration and performance in the manufacturing sector of Kenya. The study employed an explanatory research design. The study used network theory. The target population was 217 procurement managers from 217 food and beverage manufacturing companies. A sample size of 140 respondents was selected. The study employed a simple random sampling technique to choose the sample. The collection of primary data was facilitated by the administration of a questionnaire. The data were subjected to regression analysis for the purpose of analysis. The findings of the study provide confirmation that there is a moderating effect of organizational culture (β1 = 0.224, P < 0.05) on the relationship between supply chain integration and the performance of food manufacturing firms. The research findings indicate that the influence of supply chain integration on the performance of food manufacturing firms is contingent upon the organizational culture. Food and beverage manufacturing businesses should consider enhancing the comprehensiveness of their supply chain integration procedures. This may be achieved by granting suppliers access to their inventory management systems, enabling them to make timely choices on inventory replenishment. The integration of supply chains facilitates the exchange of management practices across enterprises, enhances the management of supplier expertise, and allows suppliers to communicate any difficulties that may impact order fulfillment to the organization.

Collaboration in the Physical Distribution Service Quality of Soft Drinks: A Case Study of Beverage Manufacturing Companies in South Africa

Collaboration in the Physical Distribution Service Quality of Soft Drinks: A Case Study of Beverage Manufacturing Companies in South Africa

Pengaruh Profitabilitas, Likuiditas, Nilai Tukar, Inflasi, Suku Bunga dan Leverage Terhadap Financial Distress pada Perusahaan Manufaktur Makanan dan Minuman yang Terdaftar pada BEI Periode 2019 - 2021

This study aims to analyze and determine the effect of Profitability, Liquidity, Exchange Rate, Inflation, Interest Rates and Leverage on the Financial Distress of Food and Beverage Manufacturing Companies Listed on the IDX between 2019 - 2021. Techniques for collecting data use documentation. While the type of data is quantitative using secondary data. For the population using Food and Beverage Manufacturing Companies listed on the IDX for the 2019-2021 period, totaling 30 companies where the sampling is purposive sampling so that the total sample is 10 companies x 3 years = 30 financial statements. Then the data analysis uses multiple linear regression analysis, coefficient of determination, as well as t test and F test. The following are the results of the study (1) Profitability partially significantly affects financial distress. (2) Liquidity partially significantly affects financial distress. (3) The exchange rate partially does not significantly affect financial distress. (4) Inflation partially does not significantly affect financial distress. (5) Interest rates partially do not significantly affect financial distress. (6) Leverage partially does not significantly affect financial distress. (7) Profitability, liquidity, exchange rate, inflation, interest rates and leverage significantly affect financial distress.

Pengaruh Return on Asset, Return on Equity Terhadap Harga Saham pada Perusahaan Manufaktur Sub Sektor Food and Beverage yang Terdaftar di Bursa Efek Indonesia pada Tahun 2019–2021

This research aims to investigate the influence of Return on Assets (ROA) and Return on Equity (ROE) on share prices in manufacturing companies in the Food and Beverage sub-sector listed on the Indonesia Stock Exchange during the 2019–2021 period. The sampling method used was purposive sampling with certain criteria. Ten companies were selected as samples from a population of 47 Food & Beverage Manufacturing companies after applying the purposive sampling method. Analysis was carried out through multiple regression and hypothesis testing using the partial t-test, simultaneous F test with a significance level of 5%, and coefficient of determination test. This research aims to provide a deeper understanding of the relationship between Return on Assets (ROA) and Return on Equity (ROE) with stock prices in the context of Food and Beverage manufacturing companies. The results of this research are expected to provide a significant contribution to academic and practical literature in the field of corporate finance. Therefore, this research has relevant implications for investors, company management, and interested parties in making investment decisions in the Food and Beverage sector.

Reverse logistics and performance of food and beverage manufacturing firms in Kenya

Purpose: This study aimed to determine the relationship between Reverse Logistics and the performance of food and beverage manufacturing firms in Kenya. Methodology: An explanatory research design was employed in the study. All 172 of Kenya’s registered food and manufacturing businesses were considered using the census approach. Using questionnaires, primary data was gathered. This study employed 172 questionnaires. Version 25 of the SPSS statistical program was used to analyze the data. Findings: The study found that there is a correlation of 0.705 between Reverse Logistics and the performance of Kenyan food and beverage manufacturing companies. Reverse Logistics accounted for 49.4% of the variation in the performance of food and beverage manufacturing firms in Kenya. A unique contribution to theory, practice, and policy: The Stakeholders theory was validated. The study noted that the use of packaging that is returnable may save costs for the firms and improve efficiency. Reverse logistics can help a company identify ways to reuse, resell or recycle materials that would otherwise end up in a landfill. Implementing reverse logistics not only helps in profit margins but also helps improve the company’s brand reputation.

Pengaruh Tax Planning, Mekanisme Bonus dan Kepemilikan Asing terhadap Transfer Pricing Perusahaan Makanan dan Minuman Periode 2019-2021

The study aims to analyze and obtain empirical evidence of the influence of tax planning, bonus mechanisms and foreign ownership of transfer pricing in the sub-sector food and beverage manufacturing companies in the BEI period 2019-2021. Independent variables in the study are tax planning, bonus mechanisms and foreign ownership. While the dependent variable in this study is transfer pricing. This research analysis method uses multiple regression analysis. The sample collection was done using purposive sampling method so that the sample amount was obtained as many as 14 companies with a span of 3 years, then obtained 55 company financial statements data as research observation. The results of this study showed that (1) tax planning has no effect on transfer pricing, (2) bonus mechanisms have no effect on transfer pricing, (3) foreign ownership has a significant effect on the company’s value, (4) tax planning, bonus mechanisms and foreign ownership simultaneously affects transfer pricing.

Financial Ratios, Capital Structure, and EVA Impact on IDX Food and Beverage Manufacturers 2019-2021 Performance

This study examines how financial ratios, capital structure, and economic value added (EVA) affect Indonesia Stock Exchange-listed food and beverage manufacturers' financial performance. The study examined 14 companies as a sample and used financial statements from the Indonesia Stock Exchange website as secondary data. Descriptive statistical tests, classical assumption tests, multiple linear analysis, and hypothesis tests using t, F, and determination coefficient tests are some ways that data can be analyzed. The study found that financial ratio negatively affects the financial performance of Indonesia Stock Exchange-listed food and beverage companies (t count -2.943 < t table 2.024, significance values 0.006 < 0.05). Capital structure variables do not significantly affect financial performance for Stock Exchange-listed food and beverage manufacturing companies (t-calculus 0.728 < t-table 2.024, significance values 0.471 > 0.05). Economic value added (Eva) doesn't significantly affect companies that make food and drinks listed on the Indonesia Stock Exchange, as shown by t count -1.217 < t table 2.024 and significance value 0.231 > 0.05. Food and drink companies listed on the Indonesia Stock Exchange can make more money thanks to financial ratio, capital structure, and Eva. This is backed up by F count 4.096 > There are significance levels of 0.013 and 0.05 in F table 3.24. The independent variable in this study explains 18.5% of the company's financial performance.

Intangible Resources and Organizational Performance of Food and Beverage Manufacturing Companies in Nairobi County, Kenya

Purpose: This study examined the influence of intangible resources on performance in the food and beverage manufacturing firms in Nairobi County. The study further sought to examine the relationship between company reputation, organizational structure, human capital, innovation capabilities and performance among food and beverage manufacturing industry in Nairobi County.
 Methodology: A descriptive survey research design was adopted in the study. The target population included 45 Large-Scale food and Beverage Manufacturing Companies in Nairobi County, Kenya. The unit of analysis was the food and beverage manufacturing company whereas the unit of observation was the managers of the companies. Census sampling method was used in selecting all the respondents to participate in the study. Questionnaires was used for collecting data. A pilot study was done to determine the questionnaires' validity and reliability. The collected data was analyzed quantitatively using both descriptive and inferential statistics. Statistical Package for Social Sciences was used to summarize the descriptive data into frequencies and percentages, which were then displayed using figures, tables, and charts. Multiple regression analysis was used to examine the inferential statistics. The inferential analysis assisted in establishing the relationship between the study variables, as well as in drawing findings and making recommendations for the study.
 Findings: The study found that the components of intangible resources account for 44.7% of the variation in the performance of enterprises in the food and beverage industry. Additionally, company reputation, Human capital, and innovation capabilities had a positive and significant influence on the performance of food and beverage companies. Organizational structure and Performance of Food and Beverage Companies was positive but insignificantly related.
 Unique Contribution to Theory, Practice and Policy: Resource Based View Theory, The Global Most Admired Companies (Fortune GMAC) Model, Theory of Human Capital, Mintzberg’s Five Structures Model and Schumpeter’s Theory of Innovation may be used to anchor future studies in the manufacturing companies. The study recommends that management should make more investment in adopting technology and improving their production processes. Additionally, the management should focus on building the capacity of their staff members through regular and consistent training. The organizational policy may also be reviewed so as to include structures that support the overall training and development of the staff members in the company. Besides training, the policies should also be draft to provide clear ways in which the companies can be able to build and communicate their brand to consumers so as to have a better reputation which as observed in the analysis contributes significantly to the improved performance of the food and beverage companies.

Green Procurement and Performance of Food and Beverage Manufacturing Firms in Kenya

Purpose: The purpose of this study was to determine the relationship between green procurement and the performance of food and beverage manufacturing firms in Kenya.
 Methodology: An explanatory research design was employed in the study. All 172 of Kenya's registered food and manufacturing businesses were considered using the census approach. Using questionnaires, primary data was gathered. This study employed 172 questionnaires. Version 25 of the SPSS statistical program was used to analyze the data. The primary data was analyzed using descriptive and inferential statistical analysis techniques. Descriptive statistics gives the profile of the respondents, that is, the frequencies and their percentages; whereas inferential statistics adopts a hierarchical, moderated, multiple regression analysis model in order to determine the effect of the explanatory variable.
 Findings: The study found that there is a correlation of 0.701 between green procurement and the success of Kenyan food and beverage manufacturing companies. Green procurement accounted for 48.7% of the variation in the performance of food and beverage manufacturing firms in Kenya.
 Unique Contribution to Theory, Practice and Policy: Strategic Choice theory was adopted and validated. By incorporating stakeholders, assessing policy choices, making educated judgments, aligning with capacities, adjusting to changes, minimizing risks, and encouraging cooperation for sustainable procurement practises, Strategic Choice Theory could assist Kenya in developing a complete green procurement policy. The study found that implementing green procurement would; conserve the environment, reduce unnecessary costs to a firm, improve customer satisfaction, improve firm reputation, increase product acceptance, and increase the sales volume.

Design, Implementation, and Evaluation of an Automated Liquid Dispensing Machine

The metering of industrial manufacturing liquids is constantly being updated. Using an automated system, metered dispense can now be more accurate to its theoretical value. This system can help reduce the difference between theoretical and metered volumes in manufacturing applications. This paper describes an automated liquid dispensing machine that uses an AT Mega 328 microcontroller to control the metered volume to the programme set point. The machine's design and implementation include hardware systems assembled from various modules with various functions, such as a microcomputer, power supply, liquid level detection, liquid discharge, conveyor and container detection, and LCD modules. The data collected by the liquid level detection module is analyzed when the system is started to determine the liquid level in the tank. A user loads empty containers onto the conveyor, which are then transferred to the discharge point. The machine calculates the equivalent time in seconds to open the discharge solenoid valve via its control relay and dispenses the desired volume based on the user set point. The experiment performed on the machine with water as the test liquid revealed that the automated dispensing machine's maximum time permissible is 35 s, which corresponds to an equivalent volume of approximately 700 mL of water. Experiments were conducted to compare the theoretical time required to obtain a specified volume to the time required for the machine to dispense the same volume. The results showed that the machine's accuracy is approximately 97.87 %. Therefore, the machine can be used in beverage manufacturing companies, pharmaceutical industries, and laboratories to dispense and fill specified fluids that meet the machine's specifications.

The Impact of Return on Assets, Debt Equity Ratio, and Return on Equity on Stock Prices of Food and Beverage Manufacturing Companies Listed on the Indonesia Stock Exchange from 2019 to 2021

The purpose of this study is to examine and analyze the influence of Return on Assets (ROA), Debt to Equity Ratio (DER), and Return on Equity (ROE) on stock prices in food and beverage sector manufacturing companies listed on the Indonesia Stock Exchange. In conducting the analysis, there are various types of ratios with different functions that can be used. Of the numerous ratios, the financial ratios used in this study are ROA, DER, and ROE as independent variables, and the Stock Price as the dependent variable. The sample collection technique in this study used a purposive sampling technique with 30 companies selected as samples from a population of 54 food and beverage sector industries for the 2019-2021 period, which are listed on the Indonesia Stock Exchange (IDX). The method in this study uses a quantitative approach and the data source in this study uses secondary data sources that include documentation studies. This method is used to gather data from companies related to the variables under study. In testing the hypothesis, this study uses Multiple Linear Regression Analysis. From the hypothesis testing in the study, it was found that, simultaneously, ROA, DER, and ROE, which are the independent variables, influence the Stock Price of food and beverage manufacturing companies listed on IDX for the 2019-2021 period, which is the dependent variable. In addition, the results of partial hypothesis testing in this study found that, partially, ROA, DER, and ROE do not affect the Stock Price of manufacturing companies listed on the IDX for the 2019-2021 period.

The Effect of Financial Performance, Leverage and Company Size on Company Value in the Food and Beverage Manufacturing Sector

This study's objective is to empirically establish whether financial performance, leverage, and firm size have a partial or simultaneous impact on firm value for the Food and Beverage Manufacturing companies listed on the Indonesia Stock Exchange between 2018 and 2020. Financial success as determined by ROA, leverage as determined by DER, and company size as determined by Size—as well as one dependent variable—firm value as measured by PBV—make up this study. There are 23 companies in this study that fit the requirements and have a combined revenue of 69 financial statements in Between 2018 and 2020, businesses in the food and beverage industry listed on the Indonesia Stock Exchange (IDX). According to the research, a firm's financial performance increases its value. In light of the fact that the Leverage variable has an impact on company value, firm size positively affects the worth of the company. Based on the study's findings, it can be said that financial performance, leverage, and firm size all affect corporate value simultaneously food and beverage sector in 2018-2020

The Influence of Fourth Party Logistics Services on Performance of Manufactuirng Sector in Kenya: A Study in Food and Beverage Manufacturing Firms

The aim of this study was to establish the relationship between fourth party logistics services and performance of food and beverage manufacturing companies in Kenya. This research study adopted a descriptive and cross-sectional research designs. Data was collected from the food and beverage manufacturing firms using self-administered questionnaires. The data collected was analyzed by use of descriptive and inferential statistics. The findings from the study revealed that freight management, logistics information systems management, customer relations management and product Packaging had a significant influence on the performance of food and beverage processing firms. The study concluded that fourth party logistics through freight management, logistics information system, customer relations management and product Packaging were critical in enhancing the performance of food and beverage processing firms in Kenya. The study recommends that the management of food and beverage processing firms ought to embrace fourth party logistics services by having a freight management framework, enhancing use of logistics information systems, bringing customers on board and embracing effective and innovative ways of Packaging the products in order to gain performance.

The Influence Of Profitability, Liquidity, Solvency, Activities, And Company Size On Company Value (Empirical Study of Food and Beverage Manufacturing Companies Listed on the Indonesia Stock Exchange in 2019-2021)

This study aims to determine the effect of profitability, liquidity, solvency, activity and firm size on firm value. The population in this study are food and beverage sub-sector manufacturing companies listed on the Indonesian stock exchange in 2019-2021. While the samples obtained were 28 companies. The technique of determining the sample using a purposive sampling technique, the research method is a quantitative method. This study uses the Package For Social Science Statistical Software (SPSS 22). The results showed that profitability had no effect on firm value with a significance value of 0.229> 0.05, solvency had no effect on firm value with a significance value of 0.0.243> 0.05, liquidity had no effect on firm value with a significance value of 0.525 > 0.05, activity has an influence on firm value with a significance value of 0.034 <0.05, and firm size has no effect on firm value with a significant value of 0.081 > 0.05, while simultaneously the independent variables affect the dependent variable with significant value 0.040 <0.05.

The Effect of Motivation, Competence and Organizational Commitment on Performance of Employees in Food and Beverage Manufacturing Company

This study intends to examine and determine the impact of organizational commitment as an intervening variable on employee performance at one food and beverage company. In order to sample, permanent workers were given questionnaires using the Likert scale and one of the non-probability sampling approaches, known as saturation sampling. The SPSS application's route analysis is used in the data analysis process. There are two sub-structures in the research findings. In Sub-structure I, it is demonstrated that organizational commitment is significantly influenced by motivation, that it is not significantly influenced by human resource competence, and that it is significantly influenced concurrently by both motivation and human resource competence. According to Sub-Structure II, employee performance is significantly influenced by motivation, human resource competencies, organizational commitment, and employee performance. Additionally, employee performance is significantly influenced simultaneously by motivation, human resource competencies, and organizational commitment.

The Relationship between Corporate Social Responsibility and Employee Satisfaction with the Business Performance of Beverage Companies in West Java

This research aims to evaluate the connection between corporate social responsibility (CSR), the level of satisfaction experienced by employees, and the level of success experienced by the organization as a whole in a beverage manufacturing company located in West Java. Data from around two hundred workers in the beverage industry were gathered through the application of quantitative research methodologies. The study's findings indicate a good connection between CSR, employee satisfaction, and the performance of businesses. According to the findings of this study, corporate social responsibility (CSR) and business performance are connected in a way that is mediated through employee happiness. These findings have significant repercussions for businesses that want to boost their financial performance by increasing their commitment to CSR and the satisfaction of their workforce.

Moderating effect of organization culture on the relationship between supplier development and organizational performance in food and beverage manufacturing companies in Kenya

Supplier development may serve as a better tool that firms can leverage to improve and sustain their organizational performance. The purpose of this study was to determine the moderating effect of organization culture on the relationship between supplier development and organizational performance of food and beverage manufacturing companies in Kenya. The study employed a descriptive survey research design utilizing the resource dependency theory. The target population was procurement managers and procurement officers from 217 food and beverage manufacturing companies in Kenya registered under the Kenya Association of Manufacturers as of 2017. A sample of 248 respondents was drawn. Primary data were collected through the use of a questionnaire. The reliability coefficient was assessed using Cronbach’s alpha. The content validity of the instrument was determined by the researcher using expert judgment. The analysis of the data was done using descriptive and regression analysis with the help of SPSS V26. The regression coefficients showed that the interaction between supplier development and organization culture on the performance of food manufacturing firms was significant (β = 0.058, t = 4.68, P < 0.05). The organizational culture moderates the relationship between supplier development and the performance of food and beverage manufacturing firms in Kenya. The study concluded that supplier development influences the performance of food and beverage manufacturing companies. Further, organization culture moderates the relationship between supplier development and the performance of food manufacturing firms. The management of food and beverage manufacturing companies in Kenya should enhance supplier development so as to enable the provision of better services and also to be competitive and achieve organizational goals for their survival.

Financial Ratio, Reputation of Public Accountant Office and The Timeliness of Audited Financial Statements

Financial reports provide information needed when making decisions that act as intermediaries for financial transmission and measurement. If the company is late in sending the requested report, it will get a warning. The purpose of this study was to examine the effect of firm size, profitability, solvency, and KAP reputation on audit delay. The population and sample used in this research are 26 food and beverage manufacturing companies in 2019–2021. Using a sampling technique that is purposeful sampling with secondary data types The tool used to test this research uses SPSS 26. The results of the study state that company size has a negative effect on audit delay. Solvency has a positive influence on audit delays. Profitability and reputation of the public accounting firm have no effect on audit delay.