Impact of GSCM Practices on Financial Performance: Special Reference to Manufacturing Companies in Sri Lanka

Jayarathna, B.C.P.; Lasantha, S.A.R.

doi:10.4038/kjm.v7i1.7553

Cited by 9 publications

(9 citation statements)

References 15 publications

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“…Supply chain ecocentricity significantly mediates the relationship between IEM and environmental performance 2.2 Investment recovery (IR) and environmental performance Choudhary and Sangwan (2019) define investment recovery (IR) as the sale of excess inventory, waste and excess fixed assets. Return can be viewed as the use of unused resources for more efficient purposes (Ravindra et al, 2020) or the reuse or recycling of byproducts in a closed loop (Jayarathna and Lasantha, 2018;Mallikarathna and Silva, 2019;Aslam et al, 2019) argue that corporate branding created through green SCM is a key determinant of green communication, customer engagement, green design, IEM and level of return on investment.…”

Section: Internal Environmental Management (Iem) and Environmental Pe...mentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

“…For example, the incorporation of environmental factors into supply chain optimization models has led to the emergence of Green Supply Chain Management (Green SCM). According to the International Organization for Standardization (ISO), the Green SCM method, which combines mathematical programming and life cycle analysis, has become increasingly important in recent years (Jayarathna and Lasantha, 2018;Çankaya and Sezen, 2019;Agyabeng-Mensah et al, 2020a, b;Acquah et al, 2021) Green SCM is considered an environmental innovation (Green et al, 2019) and is widely used by organizations in a variety of activities to reduce environmental impacts, including waste management goals for industrial systems to save energy, prevent the release of hazardous substances into the environment and identify unwarranted environmental impacts of an organization's supply chain activities (Cousins et al, 2019;Gambo Bernal et al, 2020). The concept of green SCMis a modern approach that is an extension of the traditional concept of SCM.…”

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confidence: 99%

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Modeling the impact of green supply chain practices on environmental performance: the mediating role of ecocentricity

Appiah¹,

Odei

Kumi-Amoah³

et al. 2022

AJEMS

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PurposeThis study aims to examine the relationship between green supply chain management (Green SCM) practices and environmental performance, and develop an integrated model to explain the mediating role of ecocentricity on the relationship between Green SCM practices and environmental performance in the context of the Ghanaian downstream petroleum industry.Design/methodology/approachTo address the objectives of the study, a survey had been conducted among companies in the Ghanaian downstream value chain. The paper used the structural equation modeling approach and smart partial least squares (Smart-PLS) analytical tool.FindingsThe study revealed that Green SCM practices had a significant and positive relationship with supply chain ecocentricity and environmental performance. The study further revealed that supply chain ecocentricity significantly mediated the relationship between Green SCM practices and environmental performance.Practical implicationsThe study has developed a new integrated model to enhance oil and gas marketing and distribution company's adaptation and implementation of Green SCM practices.Originality/valueThe study had successfully applied the natural resource-based view and the stakeholder theory in the context of Ghana's downstream petroleum industry. Specifically, these theories had been integrated to form a new model to explain the relationship between Green SCM practices, supply chain ecocentricity and environmental performance in the context of Ghana's downstream petroleum industry. The newly developed integrated model has wider predictability as compared to the individual theories.

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Section: Internal Environmental Management (Iem) and Environmental Pe...mentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

mentioning

confidence: 99%

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Modeling the impact of green supply chain practices on environmental performance: the mediating role of ecocentricity

Appiah¹,

Odei

Kumi-Amoah³

et al. 2022

AJEMS

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“…As an example, the companies can ask their suppliers to minimize plastic packaging and use recyclable or reusable materials, pallets and containers. The positive impact of green purchasing on economic performance was also set forth by Jayarathna et al (2018), while Esty and Winston (2009) took a different slant in revealing the link between customer cooperation on performance measures. Nonetheless, both of them found that customers lowered their environmental footprint and related costs-benefits that justified price premiums, drove increased market share, and strengthened customer loyalty.…”

Section: Conceptual Model Linking Escc Practices Ce Practices and Ce-...mentioning

confidence: 99%

An investigation into circular economy practices in the traditional wooden furniture industry

Susanty

Tjahjono

Sulistyani

2020

Production Planning & Control

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“…There are few Sri Lankan studies also discussing the how the Green Supply Chain Management Practices influence on Organizational Performance (Priyashani & Gunarathne, 2021) and Financial performance (Jayarathna & Lasantha, 2018) in the manufacturing sector and SCMPs and Quality Management Practices in the Rubber industry (Jayalath et al, 2017). Sri Lankan manufacturing industries need to improve their OP to compete in both the local and global marketplace.…”

Section: Introductionmentioning

confidence: 99%

How the Supply Chain Management Practices influence on Operational Performance? A Case of Manufacturing Firms in Sri Lanka

Herath¹,

Endagamage

2022

Integr. J. Res. Arts Humanities

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Most organisations in different sectors are implementing Supply Chain Management Practices (SCMPs) to create faster, more effective, and cost-beneficial relationships between business partners, to increase their Operational Performances. Even though the firms use SCMPs, their knowledge regarding the effectiveness of these practices is questionable. The aim of this study was to identify the most influential SCMPs on the Operational Performances of the Sri Lankan manufacturing industry. As to the literature and due to the high level of applicability in the manufacturing sector, five factors; Supply Relationship Management, Customer Relationship Management, Information Sharing, Logistics, and Outsourcing of Services were selected to conceptualize the current study. The Operational Performance of a Manufacturing organization has defined as the performance related to the quality, cost, delivery, and flexibility to change the volume. This was a cross-sectional questionnaire based survey which is quantitative in nature and primarily concerned with the testing of hypotheses. A set of 37 close-ended questions used to collect data from 200 randomly selected organizations. However, due to the difficulties faced in the pandemic environment, the success rate was 58.5%. Results of the Correlation Analysis confirmed the relationships hypothesized according to the theoretical behaviour with positive relationships significant at a 1% level. The strongest relationship shows between Logistics and Operational Performances (0.832). Regression Analysis showed significant impacts of Supplier Relationship Management (β=0.276) and Logistics (β=0.261) on the Operational Performance. Customer Relationship Management, Information Sharing, and outsourcing were not showed a significant impact on the Operational Performance at the 5% level. The adequacy of the fitted model is 67% and the RMSE is 0.236. The residual analysis also ensured the accuracy of the model with normally distributed residuals, free of Multi-collinearity, and having homoscedasticity which emphasises the constant variance of the residuals. The findings emphasise that if the SCMPs is running at a righteous level, an organization can keep their Operational Performances at a higher level. However, only the Supplier Relationship and Logistic activities are the factors significantly influencing the Operational Performances of the Manufacturing sector in Sri Lanka. Similar to the facts highlighted in the literature, the responses of the current study also showed a poor level of handling and utilizing customer feedback for the development of Sri Lankan organizations. Information sharing also showed a poor focus on integrating and enhancing the IT systems. The uncontrollable circumstances due to outsourcing the services lead to a poor level of operational performance at the finale. This research contributes to the existing Supply Chain Management literature by providing empirical evidence from the Sri Lankan manufacturing industry.

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Impact of GSCM Practices on Financial Performance: Special Reference to Manufacturing Companies in Sri Lanka

Abstract: Within the context of Green Supply Chain Management (GSCM),

Cited by 9 publications

References 15 publications

Modeling the impact of green supply chain practices on environmental performance: the mediating role of ecocentricity

Modeling the impact of green supply chain practices on environmental performance: the mediating role of ecocentricity

An investigation into circular economy practices in the traditional wooden furniture industry

How the Supply Chain Management Practices influence on Operational Performance? A Case of Manufacturing Firms in Sri Lanka

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