Field Of Supply Chain Management Research Articles

The role of digital transformation in achieving sustainable supply chain management in Industry 4.0: an editorial review perspective

ABSTRACT Before and aftermath of COVID-19 has created multiple waves of digital transformation adoption in supply chain management. The power of potential benefits is realised as a multitude however the transformation phases are not sustainable. This editorial special issue has edited papers of scholarly research contributions to the theory and practice of digital transformation aspects in the field of logistics and supply chain management. Based on the summary of each contribution and an extended literature review on the theme, this editorial paper proposes a novel framework that could facilitate the logistics industry at times of disruptive technologies when firms are struggling to cope with the challenges created due to the COVID-19 pandemic and the recovery.

Challenges in adopting blockchain technology in supply chain management: a too far fetched idea?

PurposeRecent technological advancements, often linked to Industry 4.0, require organizations to be more agile and innovative. Blockchain technology (BT) holds immense potential in driving organizations to achieve efficiency and transparency in supply chains. However, there exist some insurmountable challenges associated with the adoption of BT in organizational supply chains (SC). This paper attempts to categorically identify and systematize the most influential challenges in the implementation of BT in SC.Design/methodology/approachThis study resorts to an extensive literature review and consultations with experts in the field of supply chain management (SCM), information technology and academia to identify, categorize and prioritize the major challenges using VlseKriterijumska Optimizacija I Kompromisno Resenje (VIKOR) and Combined Compromise Solution method (CoCoSo).FindingsThe top three classes of challenges revealed in this study are privacy challenges (PC), infrastructure challenges (IC) and transparency challenges (TC). Maintaining a balance between data openness and secrecy and rectification of incorrect/erroneous input are the top two challenges in the PC category, integration of BT with sustainable practices and ensuring legitimacy are the top two challenges in the IC category, and proper and correct information sharing in organizations was the top most challenge in the TC category.Originality/valueFuture scholars and industry professionals will be guided by the importance of the challenges identified in this study to develop an economical and logical approach for integrating BT to increase the efficiency and outcome of supply chains across several industrial sectors.

Crafting an Inclusive Procurement Policy: Strategies for Embracing Supplier Diversity

Purpose: In today's global marketplace, diversity and inclusion have transitioned from mere buzzwords to indispensable elements of successful business practices. A robust procurement policy that embraces supplier diversity not only cultivates a more inclusive supply chain but also drives economic growth and social progress. Methodology: This article examines key strategies for integrating supplier diversity into procurement policies, drawing insights from existing literature and best practices in the field of supply chain management and diversity initiatives. Findings: The article outlines strategies such as incorporating diverse suppliers into Requests for Proposals (RFPs), setting thresholds for diverse supplier consideration, addressing risk acceptance and deviations, and emphasizing genuine efforts over token gestures. It highlights the importance of striking a balance between excellence and diversity while prioritizing active engagement with diverse suppliers. Unique Contribution to Theory, Practice, and Policy: By synthesizing insights from academic research and real-world case studies, this article offers actionable recommendations for organizations seeking to enhance their supplier diversity initiatives. It underscores the necessity of genuine efforts in supplier diversity initiatives, advocating for the integration of diversity considerations into procurement policies to foster economic empowerment, social equity, and long-term sustainability in supply chain operations.

An enhanced MADM with Lq* q-Rung orthopair multi-fuzzy soft set in healthcare supplier selection

The global healthcare systems have encountered unparalleled difficulties due to the COVID-19 pandemic, underscoring the crucial significance of effective management within healthcare supply chains. This research contributes to the field of healthcare supply chain management by presenting a robust MADM methodology called lattice ordered(Lq*) q-rung orthopair multi-fuzzy soft set(Lq* q-ROMFS-MADM) for supplier evaluation and ranking amidst the challenges posed by the COVID-19 pandemic. Taking inspiration from multi-fuzzy soft set and q-rung orthopair fuzzy set, the present research article proposes a novel framework known as Lq* q-rung orthopair multi-fuzzy soft set (Lq* qROMFSS), which incorporates lattice ordering in q-rung orthopair multi-fuzzy soft set. The effectiveness of the proposed model is confirmed through successful experimentation on various important operations, including union, intersection, complement, restricted union and intersection. Moreover, the verification of De Morgan’s laws for Lq* qROMFSS is carried out specifically for these operations mentioned above. To highlight the significance of the proposed Lq* qROMFSS, a multi-attribute decision-making (MADM) problem is presented, showcasing its application in the domain of healthcare supply chain management. Furthermore, a comparative analysis is conducted to elucidate the advantages of this model in comparison to existing models.

Revolutionizing Retail: Examining the Influence of Blockchain-Enabled IoT Capabilities on Sustainable Firm Performance

Blockchain has revolutionized the field of supply chain management, allowing firms to optimize their operations and achieve enhanced levels of efficiency and environmental responsibility. This study investigates the relationships between the functionalities of the blockchain-enabled Internet of Things (IoT) and many aspects of the supply chain, namely, supplier integration, internal integration, customer integration, and sustainable logistic capabilities. It also analyses the impact of these correlations on the supply chain performance and sustainability of firms. This study is grounded in an empirical inquiry carried out using a questionnaire survey of the retail industry in Pakistan. Partial Least Squares Structural Equation Modelling (PLS-SEM) was employed to analyze the data. The findings indicate a direct correlation between the use of BC-enabled Internet of Things (IoT) capabilities and the integration of the supply chain, as well as logistic capabilities. Furthermore, there is a strong and meaningful correlation between blockchain-enabled supply chain integration and sustainable logistic capabilities and firm performance. The research findings indicate that the combined impact of digital innovations results in higher levels of corporate performance and sustainability. By embracing digitization through blockchain technology, business organizations can attain supply chain excellence. This integration enhances the adoption of environmentally beneficial actions, minimizes waste, and decreases carbon emissions across supply chains, thus reinforcing the connection between sustainable firm performance and environmental sustainability. As a result, the enterprises may execute sustainably through improved logistical capabilities and effective integration. The results hold great theoretical and practical significance for improving supply chain management efficacy and accomplishing multiple SDGs, including SDG-8, SDG-9, SDG-11, and SDG-12.

Bridging the gap: state-of-the-art on vertical integration

Purpose This paper aims to present the vertical integration state-of-the-art and propose an expansion of the operations and supply chain management (OSCM) field by identifying gaps and bottlenecks. Design/methodology/approach This paper uses a systematic literature review based on a sample of 173 OSCM field articles, collected from Scopus and Web of Science databases. Findings There are no single factors, such as future costs, structures or skills development, in the decision to vertically integrate operations. It is necessary to combine the vision of production costs with the perspective of governance and transaction costs. In addition, it is essential to consider the competency perspective and its impact on capability building. Research limitations/implications Few studies have attempted to understand how vertical integration is used in terms of OSCM research themes and theories. Vertical integration can help companies face challenges and serve as a potential solution for achieving better prices, demand control and quality management. Practical implications The significant role of vertical integration mechanisms in supply chains is crucial for managers evaluating a firm's reconfiguration with more vertical operations. Policymakers interested in supporting the smoothness of vertical integration decisions in regulatory agencies play a key role as contingencies. Social implications In times of global challenges, vertical integration is a strategy known to be more effective for firms to obtain a competitive advantage, making them more resilient. Originality/value This paper addresses gaps in the vertical integration theme and provides insights for future research development.

Smart Logistics Management in the Age of Digital Transformation: A Systematic Literature Review

Recently, the Industry 4.0 paradigm has commenced to swiftly grow in the supply chain management and logistics fields. Despite this development in the logistics and supply chain management domain, the investigations of smart logistics (also known as logistics 4.0) are still in maturity. Especially, some areas such as the drivers and inhibitors of smart logistics are still an adequately unexplored area. On the other hand, smart logistics provides highly practical solutions to overcome the increasing difficulties in logistics operations by enabling worldwide cooperation. For this reason, studies in the field of smart logistics are of critical importance. This study addresses this gap by investigating the driving factors to facilitate and barriers to the adoption of smart logistics in the context of the extant literature. A systematic literature review was conducted to provide a comprehensive result to capture the dynamics and benefits of smart logistics and identify barriers deserving of further academic interest. To summarize the novel investigations in this domain, forty (40) papers were chosen and properly analyzed. As a result of the analysis, it was revealed that there are 6 main barriers preventing the adoption and implementation of smart logistics. These are risk-related barriers, data and technology-related barriers, organizational-related barriers, human resource-related barriers, economic-related barriers, and regulation-related barriers. On the other hand, as a result of the literature review, critical factors (such as investing in smart logistics, developing technological infrastructure, generating organizational culture or mission toward smart logistics, and providing top management support) that will both overcome these obstacles and facilitate the adoption of smart logistics have been determined. The accumulation of knowledge and provided insights in this research will provide advantages for both practitioners and academics interested in this emerging novel technology segment.

Gender diversity and injustice among supply chain executives: exploring outcomes that advance social justice

PurposeThis study investigates whether the underrepresentation of women in executive-level roles within the supply chain management (SCM) field is justified or the result of gender injustices. The analysis examines if there is a gender compensation gap within executive-level SCM roles and whether performance differences or other observable factors explain disparities.Design/methodology/approachPublicly reported executive compensation and financial data are merged to empirically test if gender differences exist and investigate whether the underrepresentation of women in executive-level SCM roles is unjust.FindingsWomen occupy only 6.29% of the positions in the sample of 447 SCM executives. Unlike prior studies, we find that women executives receive higher compensation. The analysis does not identify observable factors explaining the limited inclusion of women in top-level roles, suggesting that gender injustices are prevalent in SCM.Research limitations/implicationsThis study only considers observable factors and cannot conclusively determine if discrimination is occurring. The low level of inclusion of women in executive roles suggests that gender injustice is intrinsic within the SCM profession. These findings will hopefully motivate firms to undertake transformative actions that result in outcomes that advance gender equity, ultimately leading to social justice for female SCM executives.Originality/valueThe use of social justice and feminist theories, a focus on SCM roles, and an empirical methodology utilizing objective measures represents a novel approach to investigating gender discrimination in SCM organizations, complementing prior survey-based studies.

Importance of Packaging in Supply Chain Management

Establishment of efficient linkages and making a strong and transparent supply chain is the essence of modern day manufacturing. The inventory costs and transportation costs constitute a large proportion of the overall costs. In a competitive world efficiency of manufacturing would be to reduce the cost of manufacturing to increase profit rather than increase selling price to increase the profit. It is true that customer would be displeased with a product in case it is damaged or tampered. So for reduced inventory, transportation cost and safety and security of the product transported packaging is an important aspect. With the emphasis on Green supply chain efforts are being made to reduce the dependency on packaging materials, more so an effort to go in for reusable packaging materials. The proposed research work has the aim of analyzing the importance of packaging in supply chain management. Review of literature indicates that the aspect of packaging is crucial in the field of supply chain management. Studies carried out on the financial aspects of supply chain management have brought out factors such as lack of attention given to packaging of products. A descriptive research methodology is adopted. In the past such a correlation has not been attempted realistically, thus it was found that a study would be enriching, useful and interesting. The findings will give an insight on to the relevance of practicable methods to undertake innovation in the field of packaging not only at the industry level but also at global operations level and may serve as input in improving profitability, ensuring efficiency in business methods and support further research on the subject.

Blockchain technology and supply chain performance: The role of trust and relational capabilities

Blockchain technology (BCT) has become a focal point of attention within the field of supply chain management (SCM), characterized as a transformative and disruptive technology capable of instilling transparency and trust. While parallels between BCT and the internet have been drawn, its practical application in SCM remains in an early stage, resulting in a limited body of literature and a pronounced debate with divergent perspectives concerning its impact in this SCM domain. Drawing upon the Relational View (RV) and Dynamic Capabilities View (DCV), this study aims to address this debate by investigating the role of BCT in enhancing supply chain performance. The study utilizes semi-structured interviews with 31 industry experts, followed by thematic analysis, to unveil the underlying mechanisms through which BCT influences supply chain performance. Our findings underscore the pivotal role of trust, facilitated by BCT features, in enhancing SC performance, emphasizing the interdependence of trust in technology, platforms, and SC members. Moreover, our study uncovers the substantial influence of supply chain uncertainty on the association between BCT and trust, acknowledging its pertinence in the modern business landscape. Additionally, we present a conceptual model that elucidates the relationships among BCT, trust, relational capabilities, and supply chain performance. Our qualitative investigation suggests that trust, relational capabilities, and dynamic capabilities sequentially mediate the association between BCT and supply chain performance. This research, while reaffirming the applicability of the original RV model in the context of BCT, contributes to a nuanced perspective by identifying additional associations within the relational view. Specifically, we identify knowledge sharing, effective governance, and resource complementarity as mediating factors in the relationship between relation-specific assets and relational rent. Our study provides practical advice to managers and practitioners. It stresses the need to understand how BCT impacts supply chain performance and the crucial role of trust. We also recommend nurturing relational capabilities in supply chain networks and considering the context-specific benefits of BCT, especially in uncertain environments. This understanding enables informed decision-making to tackle challenges and leverage opportunities.

Relationship Between Economics of Trust and Transaction Cost: A Brief Exposition

Survival of enterprise to some degree depends on how to manage transaction cost. It is more so in a highly competitive market with competitive products such as technology-based products. In economics, the theory of transaction costs is based on the assumption that people are influenced by competitive self-interest. Transaction cost economy which was developed by Williamson (1981) is based on uncertainty and unpredictability in the world. Asset specificity, organizations that enter into transactions find it expensive to leave them, inherent opportunistic behavior of individuals in an economic transaction making it harder for contractual agreements to be enforced fully after a long period of time. Although the transaction cost has been extensively discussed and used in supply chain management field, no economic theoretical arguments has been advanced as to how transaction cost help improving economic growth. This paper attempts to explain how transaction cost could add to economic growth.

Redefining agile supply chain practices in the disruptive era: a case study identifying vital dimensions and factors

Purpose This paper aims to uncover the key enablers of an agile supply chain in the manufacturing sector amidst disruptions such as pandemics, trade wars and cross-border challenges. The study aims to assess the applicability of existing literature to manufacturing and identify additional industry-specific enablers contributing to the field of supply chain management. Design/methodology/approach The research methodology is comprehensively described, detailing the utilization of extent literature and semistructured interviews with mid- and top-level executives in a supply chain. The authors ensure the robustness of the data collection process and results interpretation. Findings The study identifies six essential dimensions of an agile supply chain: information availability, design robustness, external resource planning, quickness and speed, public policy influencing skills and cash flow management. The study provides valuable insights for industry professionals to develop agile supply chains capable of responding to disruptions in a rapidly changing world. Research limitations/implications This study is limited by its focus on the manufacturing sector, and future research may explore the applicability of these findings to other industries. By focusing on these essential dimensions identified in the study, managers can develop strategies to improve the agility and responsiveness of their supply chains. In addition, further research may investigate how these enablers may vary in different regions or contexts. Practical implications The COVID-19 pandemic has forced executives to reconsider their sourcing strategies and reduce dependence on suppliers from specific geographies. To ensure business continuity, companies should assess the risk associated with their suppliers and develop a business continuity plan that includes multisourcing their strategic materials. Digital transformation will revolutionize the supply chain industry, allowing for end-to-end visibility, real time insights and seamless integration of business and processes. Companies should also focus on creating a collaborative workforce ecosystem that prioritizes worker health and well-being. Maintaining trust with stakeholders is crucial, and firms must revisit their relationship management strategies. Finally, to maintain business leadership and competitiveness during volatile periods, the product portfolio needs to be diversified and marketing and sales teams must work in tandem with product teams to position new products accordingly. Social implications This work contributes substantially to the literature on supply chain agility (SCA) by adding several new factors. The findings result in a more efficient and cost-effective supply chain during a stable situation and high service levels in a volatile situation. A less complex methodology for understanding SCA provides factors with a more straightforward method for identifying well-springs of related drivers. First, the study contributes to reestablish the factors such as quickness, responsiveness, competency, flexibility, proactiveness, collaboration and partnership, customer focus, velocity and speed, visibility, robustness, cost-effectiveness, alertness accessibility to information and decisiveness as applicable factors for SCA. Second, the study suggests a few more factors, such as liquidity management, Vendors’ economic assessment and economic diversity, that are the study’s unique contributions in extending the enablers of SCA. Finally, public policy influencing skills, local administration connects and maintaining capable vendors are the areas that were never considered essential for SCA. These factors have emerged as a vital operational factor during the lockdown, and academicians may consider these factors in the future to assess their applicability. Originality/value This study provides new insights for decision-makers looking to enhance the resilience and agility of their supply chains. The identification of unique enablers specific to the manufacturing industry contributes to the existing body of literature on agile supply chains in the face of disruptions.

On tasks and soft skills in operations and supply chain management: analysis and evidence from the O*NET database

PurposeThe purpose of the study is to identify the soft skills and abilities that are crucial to success in the fields of operations management (OM) and supply chain management (SCM), using the O*NET database and the classification of a set of professional figures integrating values for task skills and abilities needed to operate successfully in these professions.Design/methodology/approachThe study used the O*NET database to identify the soft skills and abilities required for success in OM and SCM industries. Correlation analysis was conducted to determine the tasks required for the job roles and their characteristics in terms of abilities and soft skills. ANOVA analysis was used to validate the findings. The study aims to help companies define specific assessments and tests for OM and SCM roles to measure individual attitudes and correlate them with the job position.FindingsAs a result of the work, a set of soft skills and abilities was defined that allow, through correlation analysis, to explain a large number of activities required to work in the operations and SCM (OSCM) environment.Research limitations/implicationsThe work is inherently affected by the database used for the professional figures mapped and the scores that are attributed within O*NET to the analyzed elements.Practical implicationsThe information resulting from this study can help companies develop specific assessments and tests for the roles of OM and SCM to measure individual attitudes and correlate them with the requirements of the job position. The study aims to address the need to identify soft skills in the human sphere and determine which of them have the most significant impact on the OM and SCM professions.Originality/valueThe originality of this study lies in its approach to identify the set of soft skills and abilities that determine success in the OM and SCM industries. The study used the O*NET database to correlate the tasks required for specific job roles with their corresponding soft skills and abilities. Furthermore, the study used ANOVA analysis to validate the findings in other sectors mapped by the same database. The identified soft skills and abilities can help companies develop specific assessments and tests for OM and SCM roles to measure individual attitudes and correlate them with the requirements of the job position. In addressing the necessity for enhanced clarity in the domain of human factor, this study contributes to identifying key success factors. Subsequent research can further investigate their practical application within companies to formulate targeted growth strategies and make appropriate resource selections for vacant positions.

A simheuristic approach towards supply chain scheduling: Integrating production, maintenance and distribution

This study attempts to integrate production, maintenance, and delivery operations among supply chain members. Despite numerous studies in the field of supply chain management, researchers have often overlooked crucial aspects, such as uncertainties in demand and production. For instance, the significant impact of maintenance activities on production flow has been underrepresented in supply chain management literature. This study investigates these gaps in the context of a fertilizer producer case study, which is characterized by seasonal demand and the functional silos syndrome due to old-fashioned management approaches. This study proposes a mathematical model and two multi-objective simheuristics for the Integrated Production, Maintenance, and Distribution Scheduling Problem (IPMDSP) considering demand variation for multiple products and product delivery time-windows using a heterogeneous fleet of vehicles. The IPMDSP is solved using the ϵ-constraint method and simheuristics linking the simulation model to customized and tuned versions of Particle Swarm Optimization (MOPSO) and the Non-dominated Sorting Genetic Algorithm (NSGA-II). The optimization objectives include minimizing maintenance duration, distribution costs, and customer dissatisfaction due to delivery tardiness. The results demonstrate the superiority of the simheuristic empowered by NSGA-II over the MOPSO in solving the IPMDSP. The comparison between the performance of deterministic and stochastic approaches in addressing the problem reveals that neglecting uncertainty caused by maintenance activities can lead to an increase in optimization objectives. Furthermore, the proposed simheuristics achieved significant improvements in minimizing objectives in solving the fertilizer producer case study.

The role of smart technologies in managing supply chain post pandemic: an exploratory scientific procedures and rationales for systematic literature review

Purpose The COVID-19 pandemic has brought unprecedented disruptions to global supply chains, compelling organizations to reevaluate their strategies for resilience and adaptability. In response, smart technologies (ST) have emerged as integral tools in post-pandemic supply chain management (SCM). This study aims to conduct an exploratory systematic literature review to comprehensively examine the evolving landscape of smart technology adoption in the context of SCM post-pandemic. Design/methodology/approach A systematic literature review has been conducted to examine the potential research contribution or directions in the field of ST and SCM. In total, 240 articles were shortlisted from the SCOPUS database in the chosen field of research. Bibliometric analysis was conducted by using VOSviewer to investigate the research trends in the area of SCM. Findings The review identifies key themes and trends, including supply chain resilience, digital transformation, enhanced visibility, predictive analytics and sustainability considerations. It explores the role of ST in fostering agility, transparency and risk mitigation within supply chains. Furthermore, eight clusters were identified to generate several thematic topics of ST in SCM. The results have evidenced a strong gap related to Industry 5.0 approaches for the supply chain field. A total of 240 publications, including journal articles, have been found in the literature. A total of 37 words, which were grouped in 8 clusters, have been identified in the data analysis. Research limitations/implications By synthesizing the current state of literature, this study provides valuable insights for practitioners, policymakers and researchers seeking to navigate the complexities of post-pandemic SCM in an increasingly digitized and interconnected world. The findings highlight the transformative potential of ST and offer a roadmap for further exploration in this critical domain. Originality/value In this paper, the development path of the field of ST in SCM during the pandemic and the research constructs are presented and potential research directions are based on the bibliometric method.

Supply Chain and Competitive Strategy - Taking Xiaomi 13 Series Mobile Phones as an Example

The price of Xiaomi 13 series mobile phones is relatively stable, with a high price remaining rate rate, so that Xiaomi Company profits from it. Taking it as an example, by analyzing Xiaomi's strategic layout in the production and consumption ends of the supply chain, this study explores how Xiaomi can balance costs in selecting suppliers and parts to achieve the goal of minimizing costs. At the same time, researching the pricing strategy of Xiaomi 13 series mobile phones from release to discontinuation, this study analyzes the Xiaomi 13 series and explores how Xiaomi company can achieve maximum revenue through dynamic pricing strategies. This study has certain reference value for other mobile phone companies and research in the field of supply chain management. Through in-depth research on Xiaomi's supply chain competition strategy, it can provide reference for other enterprises to improve efficiency, reduce costs, and achieve the goal of maximizing profits in supply chain management.

Supply Chain Innovation Research Trends: A Bibliometric Network Analysis

In a fast-changing business world where everything is connected, supply chain innovation has become important for organisational success and competitive advantage. This study uses bibliometric network analysis to explore important aspects of supply chain innovation. It focuses on four areas: the impact of pandemics on supply chains, the use of blockchain in supply chain management, the role of information and communication technologies (ICTs) in logistics services, and how short supply chains contribute to climate agriculture and food security. The analysis uncovers trends and research topics within these domains while identifying knowledge gaps. The findings emphasise the role of supply chain innovation in addressing challenges. The substantial increase in research on related supply chains after the COVID-19 outbreak underscores the need for strategies and resilience. The study recognises technology as a tool for enhancing supply chain transparency, traceability, and security. It also highlights ICTs' role in improving logistics services' efficiency, accuracy, and customer satisfaction. Furthermore, it identifies short supply chains to support climate agriculture practices and ensure food security. This research provides insights for researchers, practitioners, and policymakers alike, paving the way for studies and innovations in the ever-evolving field of supply chain management.

Blockchain-Enabled Simulation and Optimization for Supply Chain Transparency

The field of supply chain management has experienced heightened complexity in the context of globalization, giving rise to many difficulties pertaining to transparency, traceability, and efficiency. Blockchain technology has emerged as a possible option to mitigate these challenges by offering a secure and unalterable ledger for documenting transactions and events across the supply chain. This study investigates the integration of blockchain technology with simulation and optimization methodologies in order to boost the level of transparency in supply chain operations. This study aims to explore the possibilities of simulation and optimization models provided by blockchain technology in enhancing transparency inside the supply chain. It focuses on the tracking and verification of the flow of items, information, and cash. The aforementioned statement underscores the advantages of blockchain technology, specifically in terms of facilitating real-time data sharing, maintaining tamper-proof records, and employing decentralized consensus methods. The research paper provides an exposition of case studies and practical implementations of blockchain-enabled simulation and optimization across diverse sectors. These examples serve to demonstrate the potential of this methodology in detecting inefficiencies, mitigating risks, and improving overall supply chain efficacy. The aforementioned instances demonstrate how enterprises can acquire a competitive advantage through the utilization of blockchain technology to augment transparency and optimize their supply chain operations.

The Bullwhip Effect and Stock Returns

The bullwhip effect (BWE) is an important phenomenon in the operations and supply chain management field. Although it is commonly accepted that the BWE is widespread and can have a significant adverse impact on financial performance, there is surprisingly limited objective evidence on the financial consequences of the BWE. This paper examines the impact of the BWE on financial performance by examining the relationship between the BWE and stock price performance. The empirical analysis is based on data from 1985 to 2018 from about 7200 publicly traded firms and about 64,000 firm-years. We find that most results on the impact of the BWE on stock returns are statistically indistinguishable from zero. The few marginally significant results that we find suggest a positive relationship between the BWE and stock returns rather than the expected negative relationship. However, these marginally significant results do not hold when alternate methods are used to test the relationships. These conclusions are robust when we segment the sample by size, industry, and time periods. We also do not find a significant relationship between the BWE and stock returns for samples based on the propagation of the BWE from customers to suppliers. We do find some evidence to suggest that the BWE has a negative impact on inventory turnover. However, we do not find similar evidence for capacity utilization. The relationships between the BWE and return on assets measures are statistically insignificant. For margin measures, the relationships are positive and statistically significant but not economically significant.

Supplementary Data for Empirical Insights regarding the Issue of Management Research Impact from the Field of Logistics and Supply Chain Management

Supplementary Data for Empirical Insights regarding the Issue of Management Research Impact from the Field of Logistics and Supply Chain Management