Sustainable Supply Chain Management in Small and Medium Enterprises

Kot, Sebastian

doi:10.3390/su10041143

Cited by 122 publications

(106 citation statements)

References 52 publications

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“…This is evidenced by further processed survey results that point to the greatest SMEs market risk intensity: loss of customers, strong competition in the industry, market stagnation, and supplier misbehaviour. This hypothesis is confirmed by many other authors who have done similar research (Kozubíková et al, 2017b;Belás et al, 2018;Kot, 2018;Popp et al, 2018;Oláh et al, 2018). Compared to the results of the 2013 statistical survey, it can be concluded that financial risks are still among the key risks of SMEs.…”

Section: Fig 5 -supporting

confidence: 68%

The Dependence of Perceived Business Risks on the Size of SMEs

Hudáková¹,

Masár²,

Lusková³

et al. 2018

JOC

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The issues of risk management in small and medium-sized enterprises (SMEs) have been analysed and discussed for a long time. Nevertheless, it is still necessary to concentrate on this field, especially in the Slovak Republic. SMEs are very sensitive to changes in the business environment which are always reflected in the quantitative characteristics of this sector in a certain time interval. According to various global surveys and studies, risk management represents a significant contribution to the increasing competitiveness of enterprises in changes of the business environment. The aim of this paper is to statistically assess the dependence of perceived key business risks of SMEs on their size in Slovakia based on own empirical research carried out in 2017. The contribution also includes an assessment of key risk sources and an evaluation of the survey results compared to the results of surveys taken last year. Based on the results, market, financial, economic and personnel risks comprise the four most important risks that negatively affect the business environment of SMEs. Dependence perceived by the SME entrepreneurs was found among market factors, personnel risks, and business size. No dependence was found among the financial, economic and business risks. The overall results of the empirical research point to the need and importance of addressing the assessment of key risks and their resources in SMEs in Slovakia. The goal of the paper is to highlight through a relevant study the need to apply risk management in the SMEs and to bring the results of the research in Slovakia closer to world trends.

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Section: Fig 5 -supporting

confidence: 68%

The Dependence of Perceived Business Risks on the Size of SMEs

Hudáková¹,

Masár²,

Lusková³

et al. 2018

JOC

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“…The Micro, Small, and Medium Enterprises (MSMEs) sector becomes a key factor in the development of the national economy in the world since it has a strategic role in opening employment, new business and contributing greatly to encourage the increase of gross domestic products [1]. However, the result of some research shows that the sustainability and resilience of MSMEs are continuously vulnerable to risk [2,3]. The sustainability itself is defined by a core process of a business which needs the continuous innovation and will affect to the long-standing success of business performance.…”

Section: Introductionmentioning

confidence: 99%

The Impact of Internal, External and Enterprise Risk Management on the Performance of Micro, Small and Medium Enterprises

et al. 2019

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This paper aims to develop the role of internal factors, external factors, and risk management variables on MSMEs’ business performance. This research was conducted in underdeveloped regions of five provinces, which includes 14 cities in Indonesia—East Java, West Sumatra, North Sumatra, West Nusa Tenggara, and East Nusa Tenggara. The Resource-based view and Market-based view methods were chosen to measure 1401 data of MSMEs. The data was collected using offline questionnaires then processed using SPSS. This paper demonstrates a remarkable outcome for MSMEs, showing the significant result of risk management factors that includes risk assessment of marketing and financial management. Other independent variables of internal, external, and risk management factors also show important outcomes on MSMEs performance. This paper offers additional value of the implementation of ERM in MSMEs, which are spread in underdeveloped regions in Indonesia. The findings shown that the activity of the enterprises in identifying and managing risk would bring up the significant effect on operational business performances.

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“…For the entire supply chain, the weakest links of working capital management are often the SME client firms of the supplier [79]. Kot [80] found that all the sustainability areas are very important in the supply chain management practices of SMEs. Randall and Farris [81] argued that SCF bring new opportunities for all firms in the supply chain, especially for SMEs, which is supported by Nienhuis et al [82].…”

Section: Supply Chain Finance and Sustainabilitymentioning

confidence: 99%

Alleviating Financing Constraints of SMEs through Supply Chain

Yang

Chen

et al. 2019

Sustainability

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Small and medium-sized enterprises play a crucial role in sustaining economic development in both developed economies and developing economies, however, many of them suffer from chronic and structural difficulties in accessing external financing. In this paper, we develop a theoretical framework to illustrate how information structures work in the strategic interactions between banks and firms in a supply chain, and why the transaction information in a supply chain may serve to reduce information asymmetry and improve SMEs’ access to external financing. We find that under incomplete information, the transactions between SMEs and suppliers can serve as signals for banks, which may help banks access the private information of SMEs, thus reducing information asymmetry between them. To maximize profit, banks should dynamically adjust both their interest rate policies and risk management strategies when providing financing services to SMEs, according to the structure of the financial market. The improvement of the external financial environment for SMEs may benefit the entire supply chain, thus facilitating its sustainable development and the growth of SMEs. Our framework sheds light on how SMEs in a supply chain may enhance their survivability and facilitate their development through appropriate strategies to improve business performances and manage credit risks.

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Sustainable Supply Chain Management in Small and Medium Enterprises

Cited by 122 publications

References 52 publications

The Dependence of Perceived Business Risks on the Size of SMEs

The Dependence of Perceived Business Risks on the Size of SMEs

The Impact of Internal, External and Enterprise Risk Management on the Performance of Micro, Small and Medium Enterprises

Alleviating Financing Constraints of SMEs through Supply Chain

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