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Contact Name
Majdi Anwar Quttainah
Contact Email
adm.ijafap@gmail.com
Phone
+62341366222
Journal Mail Official
adm.ijafap@gmail.com
Editorial Address
Jl. Kahuripan No. 9 Hotel Sahid Montana, Malang, Indonesia
Location
Kab. malang,
Jawa timur
INDONESIA
International Journal of Accounting & Finance in Asia Pasific
Published by AIBPM Publisher
ISSN : 26849763     EISSN : 26556502     DOI : https://doi.org/10.32535/
Core Subject : Economy, Science,
IJAFAP aims to feature narrative, theoretical, and empirical-based research articles within the abovementioned fields. The journal welcomes articles relating to the current issues of financial decision making as well as its impact on society. IJAFAP carries out the mission to feature narrative, theoretical, empirical research articles, student or faculty reflections, and experience of studying abroad. The journal also accepts book reviews relevant to the cross-cultural experiences of international students as well as their understanding on accounting and finance. IJAFAP also has a vision to publish scholarly empirical and theoretical research articles, offering the authors along with the readers a combination of academic rigor and professional development.
Articles 431 Documents
Managing Operational Risks with ERM to Boost Tea Supply Chain Productivity Ayi Tejaningrum
International Journal of Accounting and Finance in Asia Pasific (IJAFAP) Vol 9, No 2 (2026): June 2026
Publisher : AIBPM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32535/ijafap.v9i2.4594

Abstract

Operational risk analysis in the plantation industry remains underexplored, despite its exposure to weather uncertainty and perishable commodities. This study stands out by employing grounded research to identify supply chain risk variables and focus group discussions (FGDs) to develop risk management solutions. It aims to boost tea productivity at Plantation Company (PT XYZ), a state-owned enterprise in West Java, Indonesia, by examining risks across plantations, processing, and distribution. The research addresses low tea yields in plantations, which reduce factory output and fail to meet consumer expectations. Using a survey-based approach with Enterprise Risk Management (ERM) tools, risk variables were derived from grounded research, and a questionnaire assessed risk probabilities and impacts. Involving 70 respondents, the study used FGDs to finalize risk scores and propose mitigation strategies. The findings identify 39 risks:        16 upstream, 12 internal supply, and 11 downstream. Key risks affecting tea production include human resource challenges, such as work accidents, fatigue, and demotivation from repetitive tasks, alongside fertilizer shortages, fraud risks, and high distribution costs. Effective risk mitigation requires government support for price stability, fertilizer supply, and fuel subsidies, along with strong leadership, continuous risk analysis, and operational monitoring.

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