scholarly journals Supply chain strategies as drivers of financial performance in liquefied natural gas networks

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Nasiru Zubairu ◽  
John Dinwoodie ◽  
Kannan Govindan ◽  
Lise Hunter ◽  
Saeyeon Roh
Keyword(s):  
Supply Chain ◽  
Natural Gas ◽  
Financial Performance ◽  
Liquefied Natural Gas ◽  
Content Type ◽  
Financial Outcomes ◽  
Template Analysis ◽  
Single Strategy ◽  
Hierarchy Process

Purpose The purpose of this study is to identify and evaluate supply chain strategies (SCSs) that drive financial performance to guide practitioners, especially in liquefied natural gas (LNG) networks, to review and adopt SCSs that drive competitiveness and value creation for investors. Design/methodology/approach Analytical hierarchy process (AHP) was deployed to prioritise SCSs according to their relative impact on financial performance in LNG networks. Interviews with experts were analysed using template analysis to establish latent drivers of financial performance specific to LNG networks. Findings Results support the significant role of SCSs in improving financial performance. Although findings prioritised collaborative strategy as the most important driver of financial performance in LNG networks, to fully optimise financial outcomes, all the SCSs should be implemented across LNG networks as no single strategy in isolation is a standalone driver of financial performance. Practical implications The AHP model provides a novel ranking for SCSs and measures to guide decision-makers. LNG practitioners may exploit the results to make informed decisions. Originality/value The study extends previous literature by proposing a framework and a new LNG empirical model that facilitates understanding of how SCSs contribute positively to financial performance and support practitioners in making strategic supply chain decisions.

scholarly journals An innovative decision support tool for liquefied natural gas supply chain planning

2020 ◽  
Vol 5 (1) ◽  
pp. 121-136
Author(s):  
Christos Papaleonidas ◽  
Dimitrios V. Lyridis ◽  
Alexios Papakostas ◽  
Dimitris Antonis Konstantinidis
Keyword(s):  
Supply Chain ◽  
Decision Support ◽  
Natural Gas ◽  
Decision Support Tool ◽  
Liquefied Natural Gas ◽  
Maritime Transportation ◽  
Management Tool ◽  
Content Type ◽  
Support Tool ◽  
Tramp Shipping

Purpose The purpose of this paper is to improve the tactical planning of the stakeholders of the midstream liquefied natural gas (LNG) supply chain, using an optimisation approach. The results can contribute to enhance the proactivity on significant investment decisions. Design/methodology/approach A decision support tool (DST) is proposed to minimise the operational cost of a fleet of vessels. Mixed integer linear programming (MILP) used to perform contract assignment combined with a genetic algorithm solution are the foundations of the DST. The aforementioned methods present a formulation of the maritime transportation problem from the scope of tramp shipping companies. Findings The validation of the DST through a realistic case study illustrates its potential in generating quantitative data about the cost of the midstream LNG supply chain and the annual operations schedule for a fleet of LNG vessels. Research limitations/implications The LNG transportation scenarios included assumptions, which were required for resource reasons, such as omission of stochasticity. Notwithstanding the assumptions made, it is to the authors’ belief that the paper meets its objectives as described above. Practical implications Potential practitioners may exploit the results to make informed decisions on the operation of LNG vessels, charter rate quotes and/or redeployment of existing fleet. Originality/value The research has a novel approach as it combines the creation of practical management tool, with a comprehensive mathematical modelling, for the midstream LNG supply chain. Quantifying future fleet costs is an alternative approach, which may improve the planning procedure of a tramp shipping company.

scholarly journals Pengukuran Produktivitas Supply Chain Management Liquefied Natural Gas di PT. X (Persero) dengan Metode Objective Matrix dan Analytical Hierarchy Process

2019 ◽  
Vol 3 (1) ◽  
pp. 136-152
Author(s):  
Dwi Nurma Heitasari ◽  
Ibnu Lukman Pratama ◽  
Melda Anggra Puspita
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Natural Gas ◽  
Analytical Hierarchy Process ◽  
Performance Indicators ◽  
Liquefied Natural Gas ◽  
Supply Chain Performance ◽  
Chain Management ◽  
Fishbone Diagram ◽  
Hierarchy Process

PT. X (Persero) merupakan perusahaan yang bergerak di bidang jasa logistik dalam sektor energi. Salah satu pelayanan jasa logistik PT. X (Persero) adalah penyediaan penyewaan jasa fasilitas midstream supply chain untuk produk Liquefied Natural Gas (LNG). Guna menciptakan supply chain logistik energi yang efisien, pengukuran produktivitas Supply Chain Management (SCM) tentu menjadi komponen yang sangat fundamental. Dalam rangka mendukung proses tersebut, dilakukan scoring system dengan metode Objective Matrix (OMAX) dan pembobotan dengan metode Analytical Hierarchy Process (AHP). Parameter pengukuran produktivitas SCM yang digunakan adalah empat proses inti dalam Supply Chain Operations Reference (SCOR), yakni plan, source, make, dan deliver, serta 16 Key Performance Indicators (KPI) perusahaan. Hasil dari penelitian ini menunjukkan bahwa indeks produktivitas untuk proses inti plan dan deliver pada tahun 2019 telah mencapai target yang ditetapkan dengan angka pencapaian 1000%. Sementara untuk proses inti source dan make, terjadi fluktuasi indeks produktivitas yang signifikan karena adanya beberapa pencapaian KPI yang menyimpang. Sehingga, dalam penelitian ini, dilakukan penelusuran sebab akibat terjadinya permasalahan, serta pemberian rekomendasi terkait upaya peningkatan dengan penyusunan fishbone diagram berdasarkan pendekatan manpower, machine, mother nature, material, method, dan measurement. Kata Kunci: Produktivitas, Supply Chain, Performance Indicators

Mediating role of immediate performance outcomes between supply chain integration and firm performance

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Nikhat Afshan ◽  
Purnendu Mandal ◽  
Angappa Gunasekaran ◽  
Jaideep Motwani
Keyword(s):  
Supply Chain ◽  
Firm Performance ◽  
Financial Performance ◽  
Performance Outcomes ◽  
Supply Chain Integration ◽  
Equation Modeling ◽  
Content Type ◽  
Mediating Role ◽  
The Relationship

PurposeThe purpose of this paper is to examine the mediating role of immediate performance outcomes on the relationship between dimensions of supply chain integration (SCI) and financial performance.Design/methodology/approachThis study tests the proposed model linking dimensions of SCI, immediate performance outcomes and financial performance using structural equation modeling on a sample of Indian manufacturing companies.FindingsThe findings suggest that the relationship between dimensions of SCI and firm performance is fully mediated through the immediate performance outcomes.Originality/valueThis study deals with the potential benefits of SCI, especially in developing countries like India, where a little research has been done in this area. Also, this study provides support to practitioners that SCI is an effective way of improving both supply chain performance and financial performance.

External diffusion of B2B e-procurement and firm financial performance: role of information transparency and supply chain coordination

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Nripendra Kumar ◽  
Kunal K. Ganguly
Keyword(s):  
Supply Chain ◽  
Firm Performance ◽  
Financial Performance ◽  
Supply Chain Coordination ◽  
Content Type ◽  
Information Transparency ◽  
Firm Financial Performance ◽  
External Diffusion ◽  
Role Of Information

PurposeThe purpose of this paper is to understand the process through which external diffusion of business-to-business (B2B) e-procurement impacts firm performance. The research model has been developed to empirically examine the role of information transparency and supply chain coordination in improving the firm financial performance by external diffusion of e-procurement.Design/methodology/approachThe survey is conducted in India with a target population of purchasing professionals working on the B2B e-procurement platform. The measurement model was first tested by using confirmatory factor analysis for reliability and validity, then structural equation modeling (SEM) was used to test the hypotheses of the research model using AMOS 22. The phantom model approach has been used for testing multiple mediators.FindingsThe result of the study highlights the importance of information transparency and supply chain coordination in enhancing the firm financial performance by external diffusion of e-procurement. The results establish the role of information transparency in enhancing firm performance by improving supply chain coordination. The results also indicate that supply chain coordination mediates the relationship between external diffusion of e-procurement and firm financial performance.Originality/valueThis is the first study that has focused on the external diffusion of e-procurement and its impact on firm performance. Also, this study attempted to understand the process through which external diffusion of e-procurement impacts the firm financial performance.

Enhancing firms’ environmental performance and financial performance through green supply chain management practices and institutional pressures

2019 ◽  
Vol 11 (2) ◽  
pp. 451-476 ◽  
Author(s):  
Masood Nawaz Kalyar ◽  
Aftab Shoukat ◽  
Imran Shafique
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Financial Performance ◽  
Environmental Performance ◽  
Green Supply Chain Management ◽  
Green Supply Chain ◽  
Institutional Pressures ◽  
Chain Management ◽  
Content Type

Purpose The purpose of this study is to examine how individual dimensions of green supply chain management (GSCM) practices affect firms’ financial performance directly and through environmental performance. Furthermore, the authors investigate the contingent role of institutional pressures on the direct link between GSCM practices and environmental performance and GSCM practices and financial performance. Design/methodology/approach Using a convenience sampling technique, data were collected from 238 textile firms in the province of Punjab, Pakistan. Hayes’ PROCESS macro was used to analyze the hypotheses. Findings The findings demonstrate that GSCM practices (green manufacturing, green purchasing, eco-design, cooperation with customers and green information systems) have a significant direct impact on firms’ financial performance directly and through environmental performance. Additionally, institutional pressures significantly moderate the nexus of GSCM practices-environmental performance and environmental performance-financial performance. Practical implications Textile firms should implement GSCM practices not just because of the pressure from regulatory bodies but also to elevate their environmental and financial performance. Government should also play its role in influencing the organizations for the adoption of GSCM practices, as its role is a significant one in preserving the environment. Social implications Because of less emission, energy usage and wastage, environmental performance will be increased, which affect the society positively. Originality/value Along with studying the GSCM practices in the textile industry of Pakistan, drawing upon the institutional theory, the contingent role of institutional pressures on two stages (first, between GSCM practices and environmental performance, and secondly, between GSCM practices and financial performance) is the novelty of this study.

Gas crunch will prolong the energy crisis into 2022

2021 ◽  
Keyword(s):  
Supply Chain ◽  
Natural Gas ◽  
Low Income ◽  
Liquefied Natural Gas ◽  
Energy Crisis ◽  
Electricity Prices ◽  
Industrial Activity ◽  
Content Type ◽  
Manufactured Goods ◽  
Marginal Power

Significance Particularly in Europe, where gas-fired generation sets the marginal power price, high gas prices are being passed directly through into higher electricity prices. Impacts Low-income households will be particularly hard hit by increased gas and power prices, despite government efforts to protect consumers. Reduced industrial activity will hamper the process of supply chain restocking and pass price pressures through to manufactured goods. High liquefied natural gas (LNG) prices will support new investment in LNG capacity, but also restrain coal-to-gas switching in Asia.

LNGScheduler: a rich model for coordinating vessel routing, inventories and trade in the liquefied natural gas supply chain

2010 ◽  
Vol 3 (4) ◽  
pp. 31-64 ◽  
Author(s):  
Marte Fodstad ◽  
Kristin Tolstad Uggen ◽  
Frode Rømo ◽  
Arnt-Gunnar Lium ◽  
Geert Stremersch
Keyword(s):  
Supply Chain ◽  
Natural Gas ◽  
Liquefied Natural Gas ◽  
Gas Supply

An empirical examination of firm financial performance along dimensions of supply chain resilience

2017 ◽  
Vol 40 (3) ◽  
pp. 254-269 ◽  
Author(s):  
Xun Li ◽  
Qun Wu ◽  
Clyde W. Holsapple ◽  
Thomas Goldsby
Keyword(s):  
Supply Chain ◽  
Financial Performance ◽  
Three Dimensions ◽  
Empirical Examination ◽  
Content Type ◽  
Supply Chain Resilience ◽  
Critical Dimensions ◽  
Firm Financial Performance ◽  
Supply Chain Agility ◽  
The Impact

Purpose This paper aims to investigate the impact of three critical dimensions of supply chain resilience, supply chain preparedness, supply chain alertness and supply chain agility, all aimed at increasing a firm’s financial outcomes. In a turbulent environment, firms require resilience in their supply chains to prepare for potential changes, detect changes and respond to actual changes, thus providing superior value. Design/methodology/approach Using survey data from 77 firms, this study develops scales for preparedness, alertness and agility. It then tests their hypothesized relationships with a firm’s financial performance. Findings The results reveal that the three dimensions of supply chain resilience (i.e. preparedness, alertness and agility) significantly impact a firm’s financial performance. It is also found that supply chain preparedness, as a proactive resilience capability, has a greater influence on a firm’s financial performance than the reactive capabilities including alertness and agility, suggesting that firms should pay more attention to proactive approaches for building supply chain resilience. Originality/value First, this study develops a comparatively comprehensive definition for supply chain resilience and explores its dimensionality. Second, this study provides empirically validated instruments for the dimensions of supply chain resilience. Third, this study is one of the first to provide empirical evidence for direct impact of supply chain resilience dimensions on a firm’s financial performance.

scholarly journals Financial performance of shipping firms that increase LNG carriers and the support of eco-innovation

2020 ◽  
Vol 5 (1) ◽  
Author(s):  
Kian-Guan Lim ◽  
Michelle Lim
Keyword(s):  
Natural Gas ◽  
Financial Performance ◽  
Stock Returns ◽  
Stock Return ◽  
Fossil Fuel ◽  
Operational Efficiency ◽  
Liquefied Natural Gas ◽  
Marine Fuel ◽  
Financial Benefits ◽  
Firm Profitability

AbstractThe technology to liquefy natural gas for transport to countries worldwide and the increasing use of natural gas as a cleaner fossil fuel for industry and household meant that the supply of liquified natural gas (LNG) worldwide is a profitable trend. Shipping companies can strategically choose to diversify into LNG fleet to grasp this trend. By supplying more LNG shipping capacities, the greater availability of LNG worldwide, as a source of marine fuel and as a source of cleaner energy in replacing coal and oil, is supporting eco-innovation. In this paper, we investigate three economic and financial benefits to a shipping firm that diversified into liquefied natural gas (LNG) shipping, namely firm profitability performance, firm efficiency, and stock return performance. We also investigate if there is an early mover advantage in doing so. Our empirical findings indicate that fleet diversification into LNG carriers resulted in higher profitability and better operational efficiency. For the listed shipping firms, their stock returns increased with diversified exposures to the LNG business. There is some evidence of higher profitability in the early mover advantage. Firms that originated in LNG business also benefited when there was diversification into the non-LNG business.

Market orientation, innovation commercialization capability and firm performance relationships: the moderating role of supply chain influence

2017 ◽  
Vol 32 (7) ◽  
pp. 913-924 ◽  
Author(s):  
Jeen-Su Lim ◽  
William K. Darley ◽  
David Marion
Keyword(s):  
Supply Chain ◽  
Firm Performance ◽  
Market Orientation ◽  
Innovation Management ◽  
Strategy Formulation ◽  
Content Type ◽  
Positive Effects ◽  
The Impact ◽  
Moderating Role

Purpose The study aims to explore supply chain influence (SCI) on the linkages among market orientation, innovation capabilities and firm performance (FP), using the resource-based view as a theoretical backdrop. Design Survey data from 182 top managers who are involved in strategy formulation and innovative direction of their companies was collected and analyzed using moderated multiple regression analysis. Findings Results revealed a moderating role of the SCI in that the proactive market orientation (PMO) and FP relationship is stronger when SCI is high, and innovation commercialization capability (ICC) and FP relationship is stronger when SCI is low. Practical implications Firms pursuing high PMO strategy must collaborate with supply chain function to achieve the full effect of PMO. Additionally, as supply chain is critical to meeting customers’ needs, these firms should allow supply chain to exert greater influence to enjoy the positive effects of PMO in addition to ensuring full integration into marketing strategy implementation. Also, firms with high ICC need to limit SCI to maximize the benefit of ICC on FP, just as innovation management needs to be cognizant of other functional areas. Originality/value The study investigates the potential moderating role of SCI on the relationships among market orientation, ICC and FP. The study fills a gap in the understanding of the nature and role of supply chain in the marketing–supply chain interaction, and the impact on FP.

Sign in / Sign up

Export Citation Format

Share Document