A holistic framework for short-term supply chain management integrating production and corporate financial planning

Guillén, Gonzalo; Badell, Mariana; Puigjaner, Luís

doi:10.1016/j.ijpe.2006.06.008

Cited by 85 publications

(44 citation statements)

References 16 publications

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“…Through a comparison in a case study, the authors showed that the integrated approach yields further improvement by including scheduling models. Guillen et al [22] proposed an integrated planning and budgeting model by inserting budgeting constraints that explored the financial ratios. In a case study, the authors showed that the integration model provides a better solution in terms of change in equity than the sequential approach that follows the hierarchical decision-making process.…”

Section: Introductionmentioning

confidence: 99%

A Linkage Model of Supply Chain Operation and Financial Performance for Economic Sustainability of Firm

2017

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Abstract:Although several studies have explored the relationship between the operation and performance of a supply chain (SC), a general SC model cannot deliver the expected financial results at a company-wide level. In this paper, we argue that this cannot guarantee the maximization of a firm's overall value because short-term financial performance metrics do not reflect the risk to businesses and the invested capital. Owing to the varying natures of risk and the capital invested, firms with multiple divisions should assess each division separately, and the results can be compared for decisions concerning the allocation of the firm's capital and resources to maximize the overall value of its businesses. We propose a linkage model to consider operational activities and financial performance simultaneously in a firm's supply chain model. To exhibit the superiority of the proposed model that connects SC operation and financial indicators, we first compare the differences between models for maximizing profit and enterprise-wise economic value added (EVA) as objective functions. To examine uncertainty in the operational and financial parameters of the SC, the results of sensitivity analyses are then reported. Experimental results showed that our model, using the EVA approach, is more effective and superior in terms of maximizing the firm's overall value from the long-term perspective while satisfying the target values for financial ratios set by the firm's executives and shareholders for all periods, unlike the results of the general model.

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Section: Introductionmentioning

confidence: 99%

A Linkage Model of Supply Chain Operation and Financial Performance for Economic Sustainability of Firm

2017

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“…In this way, it may be possible to make full use of suppliers with good quality levels for their products which, at the same time, have sufficient inventory available to offer acceptable service levels; (4) extending the supplier selection consideration at the cardboard factory level to increase the firm's sales where more than one supplier of this product type is required. New trends have appeared in the literature [25][26][27][28][29], such as sustainability, green production planning, or production planning with carbon emissions; (5) considering the model with the ABC approach to obtain a better product cost by separating the manpower, transport and documentation costs, etc., for each product offered. In this way, the firm's costs can be better controlled.…”

Section: Discussionmentioning

confidence: 99%

“…Guillen et al [24] contemplate the integration of supply chain planning/programming into the chemical sector with multi-level and multi-product distribution networks and financial management. Guillen et al [25] present a holistic optimisation approach by combining operating and financial aspects in a supply chain. In the present work, the work of Guillen et al [24] is taken as a reference framework to model the financial evaluation.…”

Section: Literature Reviewmentioning

confidence: 99%

Increasing the Equity of a Flower Supply Chain by Improving Order Management and Supplier Selection

Moreno¹,

Bolarín²

2015

Int. j. simul. model.

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This work focuses on helping the decision-making process of a microenterprise, the central organisation of a flower-exporting supply chain, to satisfy the objective of increasing its equity value by 300 %, and that of the whole supply chain at the same time. A systems dynamics-based simulation model is developed to evaluate the order management process in the supply chain under study, its financial evaluation and a supplier selection module from the central firm. The objective is to increase the equity value of the central firm and the supply chain under study. The main contribution of this work is to model and simulate a real world supply chain for decision-making. Hence, this paper can be used by other supply chains as a reference for modelling and simulating themselves in order to improve their performance.

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“…Gonzalo Guillen (2006) proposed a reasonable model of supply chain management. It can influence the operation of enterprises and financing and increase the overall income.…”

Section: Introductionmentioning

confidence: 99%

Analysis on Supply Chain Finance Accounts Receivable Financing Mode Game

Liao¹,

Zhao²,

Feng³

2015

Advances in Social Science, Education and Humanities Research

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Abstract. Supply Chain Finance (SCF) evaluate the enterprise financing credit risk from the perspective of supply chain, and then solve the financing problem of small and medium enterprises. In this paper, through the establishment of game model, games of perfect information and two parties for accounts receivable financing mode were analyzed, and enable it to achieve the Nash equilibrium. Through the analysis: strengthening the punishment on all kinds of breach can help to reduce the credit risk and enhance the financing of enterprise credit.

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A holistic framework for short-term supply chain management integrating production and corporate financial planning

Cited by 85 publications

References 16 publications

A Linkage Model of Supply Chain Operation and Financial Performance for Economic Sustainability of Firm

A Linkage Model of Supply Chain Operation and Financial Performance for Economic Sustainability of Firm

Increasing the Equity of a Flower Supply Chain by Improving Order Management and Supplier Selection

Analysis on Supply Chain Finance Accounts Receivable Financing Mode Game

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