공급망 관리 성과차이와 재무성과 및 기업가치 간의 관련성 분석

Supply chain management is aimed at achieving the company’s goals by appropriately controlling and managing the relationships with suppliers. Therefore, suppliers’ active cooperation can improve the efficiency of business operation and improve financial performance. In this paper, we analyze the difference of major financial ratios and firm value according to the difference of supply chain performance in the domestic KOSPI listed manufacturing industry. This paper is differentiated from the previous research which was focused on measurement and case study of supply chain performance. The results of the study are summarized as follows. The relationship between the supply chain performance difference and the stability index, growth index, activity index, profitability index, and enterprise value index, which are selected as the major financial ratio indexes, are significantly related (＋). The higher the supply chain performance, the lower the ratio of debt and borrowing, and the higher the ratio of cash and net working capital. In addition, there is a very significant difference in sustainable growth rate. In the activity indicators, the higher the supply chain performance, the more significant the positive effect in turnover of receivables turnover and trade debt turnover. In terms of ROS and ROE, which were adopted as profitability indicators, the profitability index showed high performance in companies with high supply chain performance in all indicators. As a result, operating profit increases due to the increase in the efficiency of inventory asset management and the reduction of unnecessary operating costs through the management of supply chain performance. This leads to an advantage in seller negotiations. Thus, the expansion of internal reserve funds and the diverse use of working capital will also affect the rise in firm value. This was reflected in EPS and TQ figures.