Just-in-time and supply chain finance: a hierarchal model development Online publication date: Sat, 03-Aug-2024
by Syed Imran Zaman; Md. Ramjan Ali; Sharfuddin Ahmed Khan
International Journal of Industrial and Systems Engineering (IJISE), Vol. 47, No. 4, 2024
Abstract: This study aims to investigate whether or not just-in-time (JIT) and supply chain finance (SCF) have a synergistic impact on overall organisation performance. The purpose of this study is to help address this knowledge gap and shed light on the role that JIT tools plays in optimising the benefits that SCF offers to an organisation as a whole. Interpretive structural modelling (ISM) and decision making trial and evaluation laboratory (DEMATEL) has been used to explore relationship, contextual link and hierarchical interpretation between JIT and SCF characteristics. Results shows that, the variables with the highest rankings in ISM and DEMATEL are employee attitude, embeddedness of continuity practice, and changing level and position of inventory maintained by businesses. Integration of JIT and SCF will help organisations to increase in revenues, a reduction in waste, an improvement in cash flow, and a reduction in supply chain hazards.
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