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WORKING CAPITAL, CASH FLOW AND LIQUIDITY RISK IN FREE NUTRITIOUS MEAL LOGISTICS IN NORTH SULAWESI Junior Semuel Lakat; Tri Oldy Rotinsulu; Hendrik Gamaliel
Distribusi - Journal of Management and Business Vol. 14 No. 2 (2026): Distribusi, September 2026
Publisher : Fakultas Ekonomi dan Bisnis Universitas Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29303/distribusi.v14i2.708

Abstract

This research analyzes working capital management, cash flow planning, and liquidity risk mitigation for food logistics providers involved in the Free Nutritious Meal Program (Makan Bergizi Gratis/MBG) in North Sulawesi. The study applies a qualitative descriptive approach based on secondary data from official government documents, operational news releases, recent Indonesian journal articles, and selected international literature on food supply chains, public food procurement, and liquidity management. The MBG program in North Sulawesi is financially significant because it has reached 381,004 beneficiaries across 3,320 schools and is supported by 169 active Nutrition Fulfillment Service Units (SPPG) as of 7 May 2026. The findings show that food logistics providers face liquidity pressure from high-frequency procurement, perishable inventory, transportation costs across dispersed districts and island areas, supplier payment obligations, and food-safety compliance costs. The research argues that sustainable MBG logistics require a disciplined working capital cycle, weekly rolling cash-flow forecasts, cash-buffer rules, supplier diversification, inventory segmentation, digital procurement records, and transparent reimbursement governance. The article contributes to the discussion on MBG by shifting attention from nutrition outcomes alone to the financial resilience of the logistics system that makes meal delivery possible. The study recommends that SPPG managers, local partners, and government agencies integrate financial planning with operational monitoring so that service continuity, food safety, and local economic impact can be maintained.
Co-Authors Abdullah, Muttaqin Kokala Agnes L. Ch. P. Lapian Agnes L.Ch.P. Lapian Agnes L.Ch.P. Lapian Aidore, Alderon Edi Ampou, Jonly Amran T. Naukoko Anderson Guntur Kumenaung Anderson Kumenaung Aring, Alfy B. W. Bintang, Andika Presley Bujung, Reinhard Eliezer Yusup C. Wauran, Patrick Christina Wambemu Claudia W.M Korompis Daisy S.M. Engka, Daisy S.M. Dama, Yustinus Dennij Mandeij Dennij Mandeij Devi Lufiana Lubis Dharmmayukti, Bhawika Een N. Walewangko, Een N. Ellong, Tasya Alifah Elvira Jacobus Ersandy Rumansjah George M.V. Kawung George M.V. Kawung, George M.V. George, Pricelya Tresye Greydi Normala Sari Hendrik Gamaliel Hidayat, Ferdy Fadly Imanul Hakim Ivone Deasy Anneke Goni Jacky S. B. Sumarauw Jacline Sumual JUNIOR LAKAT KAWUNG, GEORGE M.V Kawung, George Manuel Victor Kevin R.M. Mandey, Kevin R.M. Klasjok, Kristina Koleangan, Rosalina A.M Krest Tolosang Lantu, Yeni Saarce Magdalena Latiki, Sahrul Lidya Thevi Nouke Dondokambey Malang, Destri Mamonto, Chikita Manopo, Stivano Maramis, Mauna T. B. Maramis, Mauna Th. B Maramis, Mauna Th. B. Maramis, Mauna Th. B. Maramis, Mauna Th.B Masinambow, Vecky A.J. Mauna Th. B. Maramis Mauna Th.B. Maramis Mawu, Inggrid Maria Meisye Ella Jacklien Rumbayan Mokodongan, Arasi Mokodongan, Zefanya Z.M Muari'F, Munazar R Muarif, Munazar Rafsanjani Mumu, Nifel Elvis Naukoko, Amran T. Niode, Audie O. Niode, Audie O. Niode, Audie. O. Nurmila . Onibala, Anjelia Pakasi, Salvatori Amadeus Pangalila, Ansyela Milli Kristi Pangandaheng, Zulser G Pantas, Oldri O. Paputungan, Wili Yanti Patadang, Tirza Meireny PATEDA, YOLANDA - Patiro, Kalcum Paulus Kindangen Payangan, Kristian Pieter Runturambi, Ari Polontalo, Fahrurrazi Puspitasari, Andhika Nur Rauf, Sadat Riung, Isabella N. E Robot, Clarasita Tifany Rombe, Joshua B. Rorong, Ita Pingkan F Rorong, Ita Pingkan Fasnie Rosalina A.M. Koleangan, Rosalina A.M. Rotinsulu, Debby Ch. Rovinus Tallulembang RUMATE, VEKIE A Rumate, Vekie A. Sahea, Antonio Caesar Sanggor, Katerose Margareta Saumana, Nova SENDOW, RONAL HERLY Sendow, Ronald Herly Sendow, Sifra J. Siburian, Kiki Farida Br. Simbolon, Ronauli Siwu, Hanly F. D.J Siwu, Hanly F. Dj. Sondakh, Karina H. Sondakh, Karina Hillegonda Sumendap, Steven Sumendap, Steven S.F Sumolang, Zisca Veybe Syah, Rabiatul Adwia Tarumingkeng, Winsy A. Tembang, Triones Th. B. Maramis, Mauna Timbuleng, Gloria Tjodi, Andi Maujung Tumangkeng, Steeva Y.L Vanessa Elisabeth Korompis, Vanessa Elisabeth Victor Paskah Kalawat Lengkong WALEWANGKO, EEN N Wangke, Stendi Chrisolik Wati, Evi S. Candra Wiku, Firda Wiwik Handayani Wua, Inka Gratya Yehosua, Susan A.