Identifying the Components Affecting the Optimization of the Financial Supply Chain in Order to Improve Production Performance in the Home Appliance Industry

Abstract

Today, many companies are trying to reduce operating costs and improve performance to cope with severe demand fluctuations. For this purpose, optimizing the supply chain process is important and necessary to improve performance in some parameters, including financial components. Therefore, today, companies have realized that optimizing operations within the company's four walls is not enough to achieve business excellence, but to improve performance, they need the participation of suppliers in improving quality on the one hand and meeting customer demands on the other. This partnership and alliance often takes the form of a supply chain, which shows the importance of the supply chain. Considering the sanctions and their consequences on the country's economy, which make it difficult to import raw materials, increase in exchange rates, increase in prices, inflation, economic recession, and increase in production costs, it is necessary and essential to identify effective factors in optimizing the financial supply chain. The aim of this article is to improve the financial efficiency of the supply chain and, in fact, reduce the volume of working capital of buyers and suppliers in the home appliance industry. For this purpose, the factors were identified using a descriptive method and by studying books and articles in the field of supply chain. Then, using the opinions of experts, the main and effective factors were selected using the Delphi Method. The results of this study showed that the factors effective in optimizing the financial performance of the financial supply chain include: Operational risk, the threat of price fluctuations, exchange rate risk, futures contract risk, planning risk, the need to increase working capital, severe environmental changes, uncertainty about the future, exchange rate fluctuations, increased production costs, stagflation, reduction in bank facilities, interest rate risk, cost transfer to other members of the chain, risk of losing customers, cost inflation, risk of non-continuity of the firm's activity, and risk of losing suppliers.