Title: Just-in-time and supply chain finance: a hierarchal model development

Authors: Syed Imran Zaman; Md. Ramjan Ali; Sharfuddin Ahmed Khan

Addresses: School of Economics and Management, Southwest Jiaotong University, China; Department of Business Administration, Jinnah University for Women, Karachi, Pakistan ' Department of Mechanical and Production Engineering, Ahsanullah University of Science and Technology, Dhaka, Bangladesh ' Industrial Systems Engineering Department, Faculty of Engineering and Applied Sciences, University of Regina, Saskatchewan, Canada

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.

Keywords: supply chain finance; SCF; just-in-time; organisational performance; interpretive structural modelling; ISM; DEMATE; FMCG industry.

DOI: 10.1504/IJISE.2024.140332

International Journal of Industrial and Systems Engineering, 2024 Vol.47 No.4, pp.518 - 556

Received: 15 Dec 2022
Accepted: 25 Dec 2022
Published online: 03 Aug 2024 *

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