Logistics Capability, Inventory Efficiency, and Retail Performance: Evidence from Indonesian Listed Retail Companies
DOI:
https://doi.org/10.61978/logistica.v3i4.1727Keywords:
logistics capability, inventory turnover, inventory efficiency, retail performance, distribution network, Indonesian retail industry, secondary financial dataAbstract
This study examines the relationship between logistics capability, inventory efficiency, and retail performance among five major Indonesian publicly listed retail companies — AMRT, MIDI, ERAA, ACES, and MAPI — using audited secondary financial data from 2020 to 2024. A quantitative, comparative, and longitudinal design was employed, analyzing net sales, inventory, cost of goods sold, inventory turnover, and store-network scale. All sampled companies recorded positive sales growth, though with varying trajectories. AMRT grew net revenue from Rp75.83 trillion to Rp118.23 trillion while maintaining stable inventory turnover. MIDI expanded revenue, inventory, and store networks concurrently. ERAA nearly doubled its sales, with ACES and MAPI also recording growth. Inventory investment generally increased alongside sales, reflecting greater operational capacity. AMRT's slight inventory turnover decline in 2024 is interpreted as a potential strategic response to network expansion rather than inefficiency. The findings suggest that logistics capability, inventory efficiency, and distribution-network scale serve as complementary indicators of retail operational performance. This study contributes comparative evidence to the logistics and retail management literature using audited data. However, inventory-based metrics should not be treated as direct measures of customer satisfaction. Future research should integrate customer-based indicators and apply advanced longitudinal methods with larger balanced datasets.
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