SavedAdd your journal

Journals / Uluslararası Yönetim İktisat ve İşletme Dergisi / 2025 / Cilt: 21 Sayı: 4

ENSURING BUSINESS FINANCIAL PERFORMANCE WITH LEAN AND AGILE SUPPLY CHAIN STRATEGIES

YALIN VE ÇEVİK TEDARİK ZİNCİRİ STRATEJİLERİYLE İŞLETME FİNANSAL PERFORMANSININ SAĞLANMASI

Elmar Khalilov(ANADOLU ÜNİVERSİTESİ)0009-0005-7458-8892
Haldun Çolak(ANADOLU UNIVERSITY)0000-0003-4369-6063
Celal Hakan Kağnicioğlu(ANADOLU ÜNİVERSİTESİ)0000-0001-7164-3538
Pages
1345–1371
Publication Date
2025-12-25
🏛️Bibliographic metadata and full text access for this article are provided via DergiPark.
DergiPark Record ↗
✨

AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

The findings indicate that lean and agile supply chain strategies influence financial performance via non-financial performance metrics.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:In the manufacturing industry, lean and agile supply chain strategies enhance responsiveness to fluctuating market conditions and improve operational efficiency.
📊
Key Findings & Data:Therefore, the efficient implementation of these strategies in domains like as market share, customer happiness, and demand management, which are not directly linked to financial success, should be acknowledged.
💡
Conclusion & Impact:The findings indicate that lean and agile supply chain strategies influence financial performance via non-financial performance metrics.
🔬Design:Modeling & Simulation
📍Scope:Comprehensive Sample
⚙️Variables:Yalın tedarik zinciri stratejileri · çevik tedarik zinciri stratejileri · finansal performans

Abstract

In the manufacturing industry, lean and agile supply chain strategies enhance responsiveness to fluctuating market conditions and improve operational efficiency. Therefore, the efficient implementation of these strategies in domains like as market share, customer happiness, and demand management, which are not directly linked to financial success, should be acknowledged. An enhancement in the company's financial performance will be unavoidable, bolstered by non-financial performance aspects through lean and agile strategies. Nevertheless, empirical evidence in the literature about the impact of these strategies on both non-financial and financial performance of the organization is inadequate. This study examines the impact of lean and agile supply chain strategies on both financial and non-financial performance within the manufacturing sector. The theoretical model developed was examined using the PLS-SEM approach based on data collected from managers at manufacturing companies in Azerbaijan and Turkey. The findings indicate that lean and agile supply chain strategies influence financial performance via non-financial performance metrics. The enhancement of financial performance in lean and agile supply chain strategies is predominantly contingent upon improvements in non-financial performance. This study provides several contributions to theoretical and managerial comprehension based on the findings optained.

Özet

İmalat sektörü açısından yalın ve çevik tedarik zinciri stratejileri, değişen pazar koşullarına hızla yanıt vermeye ve operasyonel verimliliği artırmaya katkı sağlayabilmektedir. Dolayısıyla, doğrudan finansal performans ile ilgili olmayan pazar payı, müşteri tatmini ve talep yönetimi gibi alanlarda bu stratejilerin etkin kullanımı göz önünde bulundurulmalıdır. Bu doğrultuda, finansal olmayan performans faktörlerinin yalın ve çevik stratejilerle desteklenmesi ile işletme finansal performansında bir artış olması kaçınılmaz olacaktır. Ancak literatürde bu stratejilerin işletme finansal olmayan ve finansal performansı nasıl etkilediği konusunda ampirik bulgular yetersiz kalmaktadır. Dolayısıyla bu çalışma, imalat sektöründe yalın ve çevik tedarik zinciri stratejilerinin finansal ve finansal olmayan performans üzerindeki etkisini araştırmaktadır. Oluşturulan teorik model, Azerbaycan ve Türkiye’de faaliyet gösteren imalat işletmelerinde görevli yöneticilerden elde edilen veriler ışığında PLS-YEM yöntemiyle analiz edilmiştir. Sonuçlar, yalın ve çevik tedarik zinciri stratejilerinin finansal performansı, finansal olmayan performans üzerinden etkilediğini göstermektedir. Dolayısıyla yalın ve çevik tedarik zinciri stratejilerinin finansal performansı arttırması öncelikle finansal olmayan performanstaki artışlara bağlı olmaktadır. Bu çalışma, elde edilen bulgular ışığında teorik ve yönetsel anlayışa çeşitli katkılarda bulunmaktadır.

🔖

Cite This Article

Khalilov, E., Çolak, H., Kağnicioğlu, C. H. (2025). ENSURING BUSINESS FINANCIAL PERFORMANCE WITH LEAN AND AGILE SUPPLY CHAIN STRATEGIES. Uluslararası Yönetim İktisat ve İşletme Dergisi, Cilt: 21 Sayı: 4, 1345–1371. https://doi.org/10.17130/ijmeb.1582038

📄 Full Text PDF Viewer

📄

PDF görüntüleyici hazırlanıyor...

References (75)

  1. Abdelilah, B., El Korchi, A., & Amine Balambo, M. (2023). Agility as a combination of lean and supply chain integration: How to achieve a better performance. International Journal of Logistics Research and Applications, 26(6), 633-661. https://doi.org/10.1080/13675567.2021.1972949
  2. Abdel-Maksoud, A., Cerbioni, F., Omran, M. F., & Ricceri, F. (2015). The use of non-financial performance indicators and organisational performance: An empirical analysis of Italian firms. International Journal of Business Performance Management, 16(4), 421-441. https://doi.org/10.1504/IJBPM.2015.072240
  3. Agus, A., & Shukri Hajinoor, M. (2012). Lean production supply chain management as driver towards enhancing product quality and business performance. International Journal of Quality & Reliability Management, 29(1), 92–121. https://doi.org/10.1108/02656711211190891
  4. Al Adresi, A., Panigrahi, S. K., Al Shamsi, I., Al Mandhari, I. S., & Bino, E. (2022). Effect of lean and agile supply chain practices on the organizational performance of manufacturing companies in oman. International Journal of Academic Research in Business and Social Sciences, 12(6), 1401–1411. https://doi.org/10.6007/ijarbss/v12-i6/12272
  5. Aljoghaiman, A., Rahman, M. A., Bauirzhanovna, B. A., & Bhatti, M. A. (2022). Effects of supply chain strategy (Lean, Agile, Hybrid) on Saudi firm performance: Exploring mediating role of supply chain İntegration. International Journal of Construction Supply Chain Management, 12(2), 124-142.
  6. Alzoubi, H. M., & Yanamandra, R. (2020). Investigating the mediating role of information sharing strategy on agile supply chain. Uncertain Supply Chain Management, 8(2), 273–284. https://doi.org/10.5267/j.uscm.2019.12.004
  7. Antai, I., & Olson, H. (2013). Interaction: A new focus for supply chain vs supply chain competition. International Journal of Physical Distribution & Logistics Management, 43(7), 511–528. https://doi.org/10.1108/ijpdlm-06-2012-0195
  8. Aybar, S., Rasulova, M., & Qasimli, F. (2015). Economic diversification and policy in Azerbaijan. Florya Chronicles of Political Economy, 1(1), 39-59.
  9. Bevilacqua, M., Ciarapica, F. E., & De Sanctis, I. (2017). Lean practices implementation and their relationships with operational responsiveness and company performance: An Italian study. International Journal of Production Research, 55(3), 769–794. https://doi.org/10.1080/00207543.2016.1211346
  10. Bevilacqua, M., Ciarapica, F. E., & Paciarotti, C. (2015). Implementing lean information management: The case study of an automotive company. Production Planning & Control, 26(10), 753-768. https://doi.org/10.1080/09537287.2014.975167
  11. Bortolotti, T., Boscari, S., & Danese, P. (2015). Successful lean implementation: Organizational culture and soft lean practices. International Journal of Production Economics, 160, 182-201. https://doi.org/10.1016/j.ijpe.2014.10.013
  12. Buendia, N. G. (2022). Impact of lean supply chain management on business performance: The role of the context (Doctoral dissertation). Universidad de Jaén.
  13. Chan, A. T. L., Ngai, E. W. T., & Moon, K. K. L. (2017). The effects of strategic and manufacturing flexibilities and supply chain agility on firm performance in the fashion industry. European Journal of Operational Research, 259(2), 486–499. https://doi.org/10.1016/j.ejor.2016.11.006
  14. Chavez, R., Yu, W., Jacobs, M., Fynes, B., Wiengarten, F., & Lecuna, A. (2015). Internal lean practices and performance: The role of technological turbulence. International Journal of Production Economics, 160, 157–171. https://doi.org/10.1016/j.ijpe.2014.10.005
  15. Chin, W. W. (1998). The partial least squares approach to structural equation modeling. Modern methods for business research, 295(2), 295-336.
  16. Cho, M., & Ibrahim, S. (2022). Non-financial performance measures and pay-performance sensitivity. Journal of Financial Reporting and Accounting, 20(2), 185-214. https://doi.org/10.1108/JFRA-01-2021-0018
  17. Cohen, J. (1988). Statistical power analysis for the behaviors science.(2nd). New Jersey: Laurence Erlbaum Associates, Publishers, Hillsdale.
  18. Çatı, K., Durak, İ., Kethüda, Ö., & Eş, A (2012). Üretim-pazarlama koordinasyonunun işletme performansına etkisi: Düzce’de bulunan kobiler üzerine bir araştirma. DergiPark (Istanbul University), 34, 151–159.
  19. Dabhilkar, M., Birkie, S. E., & Kaulio, M. (2016). Supply-side resilience as practice bundles: a critical incident study. International Journal of Operations & Production Management, 36(8), 948-970. https://doi.org/10.1108/IJOPM-12-2014-0614
  20. Dobrzykowski, D. D., McFadden, K. L., & Vonderembse, M. A. (2016). Examining pathways to safety and financial performance in hospitals: A study of lean in professional service operations. Journal of Operations Management, 42-43(1), 39–51. https://doi.org/10.1016/j.jom.2016.03.001
  21. Doğan, E. (2017). Sustainable competitive advantage from the perspective of competitive strategies. Journal of Management and Economics Research, 15(1), 163-178. https://doi.org/10.11611/yead.370215
  22. Duran, C., & Akci, Y. (2015). Impact of competitive strategies and supply chain strategies on the firm performance under environmental uncertainties. International Journal of Economics, Commerce and Management, 3(1), 1-33.
  23. Eckstein, D., Goellner, M., Blome, C., & Henke, M. (2015). The performance impact of supply chain agility and supply chain adaptability: The moderating effect of product complexity. International Journal of Production Research, 53(10), 3028–3046. https://doi.org/10.1080/00207543.2014.970707
  24. Fadaki, M., Rahman, S., & Chan, C. (2020). Leagile supply chain: design drivers and business performance implications. International Journal of Production Research, 58(18), 1–23. https://doi.org/10.1080/00207543.2019.1693660
  25. Feizabadi, J., Gligor, D. M., & Alibakhshi, S. (2021). Examining the synergistic effect of supply chain agility, adaptability and alignment: A complementarity perspective. Supply Chain Management: An International Journal, 26(4), 514-531. https://doi.org/10.1108/SCM-08-2020-0424
  26. Fullerton, R. R., & Wempe, W. F. (2009). Lean manufacturing, non‐financial performance measures, and financial performance. International Journal of Operations & Production Management, 29(3), 214–240. https://doi.org/10.1108/01443570910938970
  27. Galankashi, M. R. & Helmi, S. A. (2016). “Assessment of Hybrid Lean-Agile (Leagile) Supply Chain Strategies”. Journal of Manufacturing Technology Management, 27 (4), 470-482. https://doi.org/10.1108/JMTM-08-2015-0069
  28. Garson, G. D. (2016). Partial least squares: Regression and structural equation models. Asheboro, NC: Statistical Associates Publishers.
  29. Gilanlı, E. (2018). Tedarik zinciri stratejisinin performans üzerine etkisinin analizi (Doktora tezi). Trakya Üniversitesi Sosyal Bilimler Enstitüsü, Edirne.
  30. Glendinning, P. M. (2002). Performance management: Pariah or messiah. Public Personnel Management, 31(2), 161–178. https://doi.org/10.1177/009102600203100203
  31. Gligor, D. M., Esmark, C. L., & Holcomb, M. C. (2015). Performance outcomes of supply chain agility: When should you be agile? Journal of Operations Management, 33-34(1), 71–82. https://doi.org/10.1016/j.jom.2014.10.008
  32. Gligor, D.M. & Holcomb, M.C. (2014), Antecedents and consequences of integrating logistics capabilities across the supply chain. Transportation Journal, 53(2), 211-234. https://doi.org/10.5325/transportationj.53.2.0211
  33. Guenther, P., Guenther, M., Ringle, C. M., Zaefarian, G., & Cartwright, S. (2023). Improving PLS-SEM use for business marketing research. Industrial Marketing Management, 111, 127-142. https://doi.org/10.1016/j.indmarman.2023.03.010
  34. Gunasekaran, A., Patel, C. &Tirtiroglu, E. (2001). Performance measures and metrics in a supply chain environment. International Journal of Operations & Production Management, 21 (1/2), 71-87.
  35. Hair Jr, J. F., Hult, G. T. M., Ringle, C., & Sarstedt, M. (2016). A primer on partial least squares structural equation modeling (PLS-SEM). Sage publications.
  36. Henseler, J., Ringle, C. M., & Sinkovics, R. R. (2009). The use of partial least squares path modeling in international marketing. In New challenges to international marketing, 20, 277-319. https://doi.org/10.1108/S1474-7979(2009)0000020014
  37. Hernaus, T., Pejić Bach, M., & Bosilj Vukšić, V. (2012). Influence of strategic approach to BPM on financial and non‐financial performance. Baltic Journal of Management, 7(4), 376-396. https://doi.org/10.1108/17465261211272148
  38. Inman, R. A., Sale, R. S., Green Jr, K. W., & Whitten, D. (2011). Agile manufacturing: relation to JIT, operational performance and firm performance. Journal of operations management, 29(4), 343-355. https://doi.org/10.1016/j.jom.2010.06.001
  39. Iqbal, T., Jajja, M. S. S., Bhutta, M. K., & Qureshi, S. N. (2020). Lean and agile manufacturing: Complementary or competing capabilities?. Journal of Manufacturing Technology Management, 31(4), 749-774. https://doi.org/10.1108/JMTM-04-2019-0165
  40. Israel, B., Mahuwi, L., & Mwenda, B. (2023). A review on financial and non-financial measures of supply chain performance. International Journal of Production Management and Engineering, 11(1), 17-29. https://doi.org/10.4995/ijpme.2023.18797
  41. Ivanov, D., Dolgui, A., & Sokolov, B. (2019). The impact of digital technology and Industry 4.0 on the ripple effect and supply chain risk analytics. International journal of production research, 57(3), 829-846. https://doi.org/10.1080/00207543.2018.1488086
  42. Kılıç, S. (2013). Örnekleme yöntemleri. Journal of Mood Disorders, 3(1), 44-6.
  43. Kumar, A., Shrivastav, S. K., Shrivastava, A. K., Panigrahi, R. R., Mardani, A., & Cavallaro, F. (2023). Sustainable supply chain management, performance measurement, and management: A review. Sustainability, 15(6), 5290. mdpi. https://doi.org/10.3390/su15065290
  44. Kumar, V., Smart, P. A., Maddern, H., & Maull, R. S. (2008). Alternative perspectives on service quality and customer satisfaction: The role of BPM. International Journal of Service Industry Management, 19(2), 176-187. https://doi.org/10.1108/09564230810869720
  45. Li, S., Ragu-Nathan, B., Ragu-Nathan, T. S., & Subba Rao, S. (2016). The impact of supply chain management practices on competitive advantage and organizational performance. Omega, 34(2), 107–124. https://doi.org/10.1016/j.omega.2004.08.002
  46. MacCarthy, B. L., Blome, C., Olhager, J., Srai, J. S., & Zhao, X. (2016). Supply chain evolution – theory, concepts and science. International Journal of Operations & Production Management, 36(12), 1696–1718. https://doi.org/10.1108/ijopm-02-2016-0080
  47. Martinez-Sanchez, A., & Lahoz-Leo, F. (2018). Supply chain agility: A mediator for absorptive capacity. Baltic Journal of Management, 13(2), 264–278. https://doi.org/10.1108/bjm-10-2017-0304
  48. Memon, M. A., Ting, H., Cheah, J. H., Thurasamy, R., Chuah, F., & Cham, T. H. (2020). Sample size for survey research: Review and recommendations. Journal of Applied Structural Equation Modeling, 4(2), 1-20.
  49. Meyer, K. E., & Peng, M. W. (2016). Theoretical foundations of emerging economy business research. Journal of International Business Studies, 47(1), 3–22. https://doi.org/10.1057/jibs.2015.34
  50. Moon, K.-L. K., Lee, J., & Lai, S. C. (2017). Key drivers of an agile, collaborative fast fashion supply chain. Journal of Fashion Marketing and Management: An International Journal, 21(3), 278–297. https://doi.org/10.1108/jfmm-07-2016-0060
  51. Mustafa, F. M. K. (2019). The Impact of ERP System Effectiveness on Firm Performance and The Mediating Role Of Agile Supply Chain: Evidence From Jordan. In RSEP CONFERENCES, 21-35.
  52. Nawanir, G., Kong Teong, L., & Norezam Othman, S. (2013). Impact of lean practices on operations performance and business performance. Journal of Manufacturing Technology Management, 24(7), 1019–1050. https://doi.org/10.1108/jmtm-03-2012-0027
  53. Ning, L., & Yao, D. (2023). The impact of digital transformation on supply chain capabilities and supply chain competitive performance. Sustainability, 15(13), 10107. mdpi. https://doi.org/10.3390/su151310107
  54. Nouri, B., Saebnia, S., & Foladi, E. (2020). Effect of lean and agile supply chain strategies on supply chain responsiveness and firm performance: The mediating role of postponing order and strategic partnership of suppliers (Case Study: Automotive industry). Journal of Industrial Management Perspective, 10(4), 65-89. https://doi.org/10.52547/JIMP.10.4.65
  55. O'Connell, V., & O'Sullivan, D. (2014). The influence of lead indicator strength on the use of nonfinancial measures in performance management: Evidence from CEO compensation schemes. Strategic Management Journal, 35(6), 826-844. https://doi.org/10.1002/smj.2124
  56. Oliveira-Dias, D. de., Maqueira Marín, J. M., & Moyano-Fuentes, J. (2022). Lean and agile supply chain strategies: The role of mature and emerging information technologies. The International Journal of Logistics Management, 33(5), 221–243. https://doi.org/10.1108/ijlm-05-2022-0235
  57. Omran, M., Khallaf, A., Gleason, K., & Tahat, Y. (2021). Non-financial performance measures disclosure, quality strategy, and organizational financial performance: A mediating model. Total Quality Management & Business Excellence, 32(5-6), 652-675. https://doi.org/10.1080/14783363.2019.1625708
  58. Özsoy, B., Sipahi, E. B., & Sayın, Y. (2022). Orta Asya’da enerji politikaları ve küresel rekabet bağlamında Türkiye’nin rolü üzerine bir değerlendirme. Gazi Akademik Bakış, 15(30), 303-328.
  59. Prajogo, D., Oke, A., & Olhager, J. (2016). Supply chain processes. International Journal of Operations & Production Management, 36(2), 220–238. https://doi.org/10.1108/ijopm-03-2014-0129
  60. Sahu, A. K., Raut, R. D., Gedam, V. V., Cheikhrouhou, N., & Sahu, A. K. (2023). Lean–agile–resilience–green practices adoption challenges in sustainable agri‐food supply chains. Business Strategy and the Environment, 32(6), 3272-3291. https://doi.org/10.1002/bse.3299
  61. Seyyed, A. B. (2011). Improving supply chain performance: The strategic integration of lean and agile supply chain. African Journal of Business Management, 5(17), 7557–7563. https://doi.org/10.5897/ajbm11.596
  62. Shah, R., & Ward, P. T. (2007). Defining and developing measures of lean production. Journal of Operations Management, 25(4), 785–805. https://doi.org/10.1016/j.jom.2007.01.019
  63. Shmueli, G., Sarstedt, M., Hair, J. F., Cheah, J. H., Ting, H., Vaithilingam, S., & Ringle, C. M. (2019). Predictive model assessment in PLS-SEM: Guidelines for using PLSpredict. European journal of marketing, 53(11), 2322-2347. https://doi.org/10.1108/EJM-02-2019-0189
  64. Skrinjar, R., Bosilj-Vuksic, V., & Stemberger, M.I. (2008). The impact of business process orientation on financial and non-financial performance. Business process management journal, 14(5), 738-754. https://doi.org/10.1108/14637150810903084
  65. Srinivasan, M., Srivastava, P., & Iyer, K. N. S. (2020). Response strategy to environment context factors using a lean and agile approach: Implications for firm performance. European Management Journal, 38(6). https://doi.org/10.1016/j.emj.2020.04.003
  66. Suleiman, M. A., Huo, B., & Ye, Y. (2021). Linking supplier JIT to flexibility performance: The moderating impact of advanced manufacturing technology and human resource empowerment. Industrial Management & Data Systems, 121(11), 2237–2253. https://doi.org/10.1108/imds-02-2021-0096
  67. Tarafdar, M., & Qrunfleh, S. (2017). Agile supply chain strategy and supply chain performance: Complementary roles of supply chain practices and information systems capability for agility. International Journal of Production Research, 55(4), 925–938. https://doi.org/10.1080/00207543.2016.1203079
  68. Tse, Y. K., Zhang, M., Akhtar, P., & MacBryde, J. (2016). Embracing supply chain agility: An investigation in the electronics industry. Supply Chain Management: An International Journal, 21(1), 140–156. https://doi.org/10.1108/scm-06-2015-0237
  69. Um, J. (2016). The impact of supply chain agility on business performance in a high level customization environment. Operations Management Research, 10(1-2), 10–19. https://doi.org/10.1007/s12063-016-0120-1
  70. Wiengarten, F., & Longoni, A. (2015). A nuanced view on supply chain integration: a coordinative and collaborative approach to operational and sustainability performance improvement. Supply Chain Management: An International Journal, 20(2), 139–150. https://doi.org/10.1108/scm-04-2014-0120
  71. Womack, J. P., & Jones, D. T. (1996). Lean Thinking: Banish Waste and Create Wealth in Your Corporation. Simon & Schuster, Limited.
  72. Zhang, Y. F., Namazi, M., Guo, Y. Q., & Li, X. (2020). Finance business partnering and manufacturing firms’ performance: A mediating role of non-financial performance. Journal of Business Economics and Management, 21(2), 473-496. https://doi.org/10.3846/jbem.2020.12002
  73. Zhao, X., Lynch Jr, J. G., & Chen, Q. (2010). Reconsidering Baron and Kenny: Myths and truths about mediation analysis. Journal of consumer research, 37(2), 197-206. https://doi.org/10.1086/651257
  74. Zimmermann, R., Ferreira, L. M. D. F., & Moreira, A. C. (2020). How supply chain strategies moderate the relationship between innovation capabilities and business performance. Journal of Purchasing and Supply Management, 26(5). https://doi.org/10.1016/j.pursup.2020.100658
  75. Womack, J. P., & Jones, D. T. (1996). Lean Thinking: Banish Waste and Create Wealth in Your Corporation. Simon & Schuster, Limited.