Managing Cash Flow and Financial Efficiency in Logistics Companies: Analyzing Practices and Their Impacts
Main Article Content
Abstract
The phenomenon shows that the performance of the freight transport industry in Indonesia must be intensified to be more competitive, facing the current era of e-commerce technology-based business. This study examines the understanding and practices of cash flow management at PT. SMI Cargo and their impact on the company's financial efficiency. Through interviews with management and financial data analysis, PT was found. SMI Cargo places significant emphasis on cash flow management as a key indicator of financial health. Interactive analysis was employed as the primary methodology, which involves four stages: data collection, reduction, presentation, and conclusion drawing. This approach allowed for a systematic examination of cash flow practices, uncovering key insights into the company’s financial strategies. Data triangulation was used to enhance the validity and credibility of the research findings. The company enforces strict controls over expenditures and receivables collection to maintain cash flow stability—routine assessments of financial reports and financing effectiveness aid strategic decision-making. The company may create successful business strategies, such as pricing and promotional efforts, as well as PT, using accurate financial records and careful data analysis. For asset and revenue management, SMI Cargo has a strong internal control system in place that guarantees asset values are always correct and current. Compared to the prior period, net cash flow grew by up to 40% as a result of cost control and improved client payments. Investor interest is piqued and sustained financial performance is supported by this simple yet efficient financial management. This study did not thoroughly examine external elements that could affect the company's financial performance, such as macroeconomic conditions and regulatory changes in the logistics industry. To give a more complete picture of the company's financial performance, more study must take into account the in-depth investigation of external issues, such as macroeconomic conditions, regulatory changes, or trends in the logistics market.
Article Details
Section
This Journal is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License
How to Cite
References
I. R. Putra, “Bisnis Jasa Pengiriman Diprediksi Bakal Terus Meningkat, Ini Sederet Faktor Pemicunya,” Merdeka.com, 2022.
Crifasia, “Indonesia’s Logistics Sector Under Pressure: The Implications of a 17-level Drop,” 2024. [Online]. Available: https://www.id.crifasia.com/resources/industry-insights
Mordor Intelligence, “Indonesia Freight And Logistics Market Size & Share Analysis-Growth Trends & Forecasts Up To 2030,” 2024.
Statista, "Global Logistics Market Size Forecast 2021-2028," Retrieved from https://www.statista.com, 2023.
Kementerian Perhubungan Republik Indonesia, "Statistik Logistik dan Transportasi Nasional," 2023.
H. B. Santoso, L. D. Indrasari, A. Komari, and A. Y. Tripariyanto, “Peningkatan Kinerja Jasa Ekspedisi dengan Meninjau Faktor Performansi,” J. Optim., vol. 9, no. 1, p. 07, 2023, doi: 10.35308/jopt.v9i1.4603.
McKinsey & Company, "Global Logistics: Managing Costs in Volatile Times", 2022. Retrieved from https://www.mckinsey.com.
World Bank, "Boosting Trade And Economic Development Through Better Logistics", 2023. Retrieved from https://blogs.worldbank.org/
Deloitte, "The Shift from Spreadsheets to Accounting Software: Benefits for Small Businesses", 2023. Retrieved from https://www2.deloitte.com
N. T. A. Simangunsong, V. Ilat, and I. Elim, “Analisis Laporan Arus Kas Sebagai Alat Dalam Pengambilan Keputusan Manajemen Pada Pt. BPR Prisma Dana Manado,” Going Concern J. Ris. Akunt., vol. 13, no. 02, pp. 639–648, 2018, doi: 10.32400/gc.13.02.19923.2018.
M. S. H. Al Falih, R. M. Rizqi, and N. A. Ananda, “Pengelolaan Keuangan Dan Pengembangan Usaha Pada Usaha Mikro Kecil Menengah,” J. Manaj. dan Bisnis, vol. Vol.2 No., no. 1, p. 2, 2019.
E. Lovita and F. Susanty, “Peranan Pemahaman E-Commerce dan Sistem Informasi Akuntansi Bagi Kewirausahaan,” J. Akunt. dan Manaj., vol. 18, no. 02, pp. 47–54, 2021, doi: 10.36406/jam.v18i02.437.
H. Kartikahadi, R. U. Sinaga, L. Leo, M. Syamsul, S. V. Siregar, and E. T. Wahyuni, Akuntansi Keuangan Berdasarkan SAK Berbasis IFRS. Jakarta: Ikatan Akuntan Indonesia (IAI), 2023.
D. E. Kieso, J. J. Weygandt, and T. D. Warfield, Intermediate Accounting IFRS, 4th ed. New York: Wiley, 2020.
IAI, “Pernyataan Standar Akuntansi Keuangan (PSAK) 207.” Ikatan Akuntan Indonesia (IAI), Jakarta, 2022.
E. Lovita, “Sistem Pengendalian Internal Dan Nilai/ Budaya Organisasi,” in Riset Dalam Perspektif Budaya, Peneleh, 2022, pp. 1–29.
G. Prabantoro, U. Salim, F. Rohman, and H. A. Sabil, “Growth Mindset of SMES in Utilizing Digital Marketing Towards Global Markets,” Eurasia Econ. Bus., vol. 11, no. 41, pp. 3–12, 2020.
S. Garzella, R. Fiorentino, A. Caputo, and A. Lardo, “Business Model Innovation In Smes: The Role Of Boundaries In The Digital Era,” Technol. Anal. Strateg. Manag., vol. 33, no. 1, pp. 31–43, 2021.
S. N. Anggraeni, T. Marlina, and S. Suwarno, “Penyusunan Laporan Keuangan Pada UMKM Berdasarkan SAK EMKM,” J. Apl. Bisnis Kesatuan, vol. 1, no. 2, pp. 253–270, 2021, doi: 10.37641/jabkes.v1i2.1342.
IAI, “Standar Akuntansi Keuangan EMKM.” IAI, 2018.
McKinsey & Company, "Global Logistics: Managing Costs in Volatile Times", 2022. Retrieved from https://www.mckinsey.com
A. Fatchan, Metode Penelitian Kualitatif : Pendekatan Etnografi dan Etnometodologi untuk Penelitian Ilmu-Ilmu Sosial. Yogyakarta: Penerbit Ombak, 2015.
E. Lovita, M. Sudarma, Zaki Baridwan, and R. Roekhudin, “Building Supplier Loyalty As A Pillar Of Internal Control In Retail’s Business,” Eurasia Econ. Bus., vol. 10, no. 40, pp. 8–17, 2020, [Online]. Available: https://doi.org/10.1016/j.tmaid.2020.101607%0
Sugiyono, Metode Penelitian Kuantitatif dan Kualitatif R&D. Bandung: Alfabeta, 2012.
Kereta Api Logistik, "Annual Report", 2023. Retrieved from https://kalogistics.co.id/annual.
M. Zhao, C. Dong, and T. Cheng, “Quality Disclosure Strategies for Small Business Enterprises in a Competitive Marketplace.,” Eur. J. Oper. Res., no. 270, pp. 218–229, 2018, [Online]. Available: https://doi.org/10.1016/j.ejor.2018.03.030.
Y. Beketov and A. Kowalik, “Improvement Of The Methods To Manage Cargo Transportation Quality,” Munic. Econ. cities., no. 41, pp. 2671–2689, 2012.
C. Zhao, X. Wang, Y. Xiao, and J. Sheng, “Effects of Online Reviews and Competition on Quality and Pricing Strategies.,” Prod. Oper. Manag., no. 31, pp. 3840–3858, 2022.
N. Plaskova, N. Prodanova, O. Ignatyeva, E. Nayanov, and A. Goncharov, V. Surpkelova, “Controlling in Cash Flow Management of The Company,” Eurasian J. Biosci., no. 14, pp. 3507–3512, 2020.
Q. Cui, M. Hastak, and D. Halpin, “Systems Analysis of Project Cash Flow Management Strategies,” Constr. Manag. Econ., no. 28, pp. 361–376, 2010, [Online]. Available: https://doi.org/10.1080/01446191003702484.
O. Puhachenko and T. Fomina, “Documentary Support of Internal Control of Transactions with Current Assets.,” Econ. Sci., pp. 236–250, 2020, [Online]. Available: https://doi.org/10.32515/2663-1636.2020.4(37).236-250.
D. Dita and T. Haryati, “Analisis Sistem Informasi Akuntansi Penerimaan Dan Pengeluaran Kas Terhadap Sistem Pengendalian Internal Kas Pada PT. Bulan Biru Tour And Travel,” J. Akunt. dan Keuang. Kontemporer, 2021, [Online]. Available: https://doi.org/10.30596/JAKK.V4I1.6899.
G. Klychova, A. Zakirova, A. Klychova, G. Sattarova, and I. Gimadiev, “Improvement Of Methodological Support Of Internal Control Of Financial Results,” Vestn. Kazan State Agrar. Univ., no. 16, pp. 113–120, 2012, [Online]. Available: https://doi.org/10.12737/2073-0462-2021-113-120.%0A.