Sertifikasi Aeo dan Perputaran Persediaan: Analisis Komparatif Perusahaan di Indonesia
DOI:
https://doi.org/10.59188/jurnalsostech.v6i6.32904Keywords:
aeo certification, inventory turnover, firm size, supply chain, difference testAbstract
This study examines the impact of Authorized Economic Operator (AEO) certification on inventory turnover and whether firm size influences differences in inventory performance among listed companies in Indonesia. The background of this research is based on the increasing adoption of AEO certification as a trade facilitation mechanism intended to enhance supply chain efficiency, despite mixed evidence regarding its operational benefits. The objective of this study is to analyze differences in inventory turnover before and after AEO certification and to test whether such differences vary between large and small firms. This research employs a quantitative approach using a before-and-after comparative design. The sample consists of 10 companies listed on the Indonesia Stock Exchange that have held AEO status for at least three years. Data were obtained from financial statements and analyzed using paired sample t-test and independent sample t-test with SPSS software. The results show a statistically significant difference in inventory turnover before and after AEO certification, but the direction indicates a decline in turnover after certification. This suggests that the expected efficiency gains from AEO implementation are not immediately realized. Furthermore, the analysis reveals no significant difference in inventory turnover changes between large and small firms. The findings imply that compliance costs, organizational adjustment, and external disruptions such as supply chain shocks may offset the benefits of certification in the short term. The study concludes that the effectiveness of AEO certification on operational efficiency may require a longer time horizon to become evident.References
Al Amosh, H., & Khatib, S. F. A. (2022). Theories of corporate disclosure: A literature review. Corporate Governance and Sustainability Review, 6(1), 46–59. https://doi.org/10.22495/cgsrv6i1p5
Alfiansyah, A. R. (2023). Pengaruh Pengelolaan Persediaan dan Pengiriman Komponen Active dan Passive Device Terhadap Kinerja Operasional. Jurnal Bisnis, Logistik Dan Supply Chain (BLOGCHAIN), 3(1), 33–40. https://doi.org/10.55122/blogchain.v3i1.690
Anita, S. L., & Asmadewa, I. (2017). Analisis Dwelling Time Impor Pada Pelabuhan Tanjung Priok Melalui Penerapan Theory Of Constraints.
Breivik, J. (2019). Retail chain affiliation and time trend effects on inventory turnover in Norwegian SMEs. Cogent Business and Management, 6(1). https://doi.org/10.1080/23311975.2019.1604932
Chou, S. C., Kuo, Y. H., & Cheng, Y. H. (2024). The value of international standards certification: Evidence on export and firm performance from a security enforcement on borders. Quarterly Review of Economics and Finance, 98. https://doi.org/10.1016/j.qref.2024.101926
Chuang, H. H., Oliva, R., & Heim, G. R. (2019). Examining the Link between Retailer Inventory Leanness and Operational Efficiency: Moderating Roles of Firm Size and Demand Uncertainty. Production and Operations Management, 28(9), 2338–2364. https://doi.org/10.1111/poms.13055
da Silva Stefano, G., Pacheco Lacerda, D., Isabel Wolf Motta Morandi, M., Augusto Cassel, R., & Denicol, J. (2024). How important is the Theory of Constraints to supply chain management? An assessment of its application and impacts. Computers and Industrial Engineering, 198. https://doi.org/10.1016/j.cie.2024.110717
Direktorat Jenderal Bea dan Cukai. (2025). Data Perusahaan Bersertifikasi AEO di Indonesia.
Fajaryani, N. L. G. S., & Suryani, E. (2018). Struktur Modal, Likuiditas, Dan Ukuran Perusahaan Terhadap Kinerja Keuangan Perusahaan. JRAK, 10(2), 74–79. https://doi.org/10.23969/jrak.v10i2.1370
Fowler, J. (2023). Statistical Accounting and Legitimacy (pp. 29–50). Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-031-39296-2_2
Gaur, V., Fisher, M. L., & Raman, A. (2005). An Econometric Analysis of Inventory Turnover Performance in Retail Services. Management Science, 51(2), 181–194. https://doi.org/10.1287/mnsc.1040.0298
Gaur, V., & Kesavan, S. (2008). The effects of firm size and sales growth rate on inventory turnover performance in the U.S. retail sector. In Retail supply chain management: Quantitative models and empirical studies (pp. 25–52). Springer US. https://doi.org/10.1007/978-0-387-78902-6_3
Ghozali, I. (2021). Aplikasi Analisis Multivariate dengan Program IBM SPSS 26 (10th ed.). Badan Penerbit Universitas Diponegoro.
Hashmi, S. D., Gulzar, S., Ghafoor, Z., & Naz, I. (2020). Sensitivity of firm size measures to practices of corporate finance: evidence from BRICS. Future Business Journal, 6(1). https://doi.org/10.1186/s43093-020-00015-y
Irfan, I. (2024). Analyzing The Impact Of The Authorized Economic Operator (AEO) Program In Indonesia. Journal Perspektif Bea Dan Cukai, 8(2). https://doi.org/10.31092/jpbc.v8i2.2980
Juráček, L., Jurík, L., & Makyšová, H. (2025). Institutional, Resource-Based, Stakeholder and Legitimacy Drivers of Green Manufacturing Adoption in Industrial Enterprises. Administrative Sciences, 15(8). https://doi.org/10.3390/admsci15080311
Ke, J. yu, Cho, W., & Su, H. (2025). Flying through uncertainty: Air transportation’s impact on supply chain resilience and inventory efficiency. Transportation Research Part E: Logistics and Transportation Review, 197. https://doi.org/10.1016/j.tre.2025.104042
Kieso, D. E., Weygandt, J. J., & Warfield, T. D. (2018). Intermediate accounting: IFRS edition. John Wiley & Sons, Inc.
Ladva, V., Shukla, M., & Vaghela, C. (2024). The Impact of Supply Chain Delays on Inventory Levels and Sale Demand Fulfillment: Analyzing the Effects of Lead Times and In-Transit Quantities. Engineering, Technology and Applied Science Research, 14(4), 15700–15710. https://doi.org/10.48084/etasr.7834
Lee, H., & Choi, D. J. (2022). The Impact of COVID-19 on a Firm’s Product Inventory Management and the Role of Corporate Governance. Journal of Product Research, 40(3), 23–31. https://doi.org/10.36345/kacst.2022.40.3.004
Nurviana, I., & Nurhidayati. (2020). Apakah Sertifikasi Standar Keamanan Penting? Persepsi Perusahaan Authorised Economic Operator. Jurnal Perspektif Bea Dan Cukai.
Park, H. G., & Park, Y. (2018). Examining the perceived impact of financial investment in AEO certification on performance through trade facilitation and public and private partnership. The International Journal of Logistics Management, 29(1), 46–63. https://doi.org/10.1108/IJLM-10-2016-0245
Peraturan Menteri Keuangan Nomor 137 Tahun 2023 Tentang Operator Ekonomi Bersertifikat, Pub. L. 137 (2023).
Ridwan, M., & Gaffar, V. (2022). Pengelolaan Hambatan Rantai Pasok dalam Peningkatan Efisiensi Operasional.
Rodriguez, J. M. P., & Palallos, L. Q. (2024). An Analysis of the Supply Chain Management: Crafting a Plan for Supply Chain and Inventory Management. International Journal of Science, Engineering and Technology, 12(2).
Sekaran, U., & Bougie, R. (2016). Research Methods for Business: A Skill-Building Approach (7th ed.). John Wiley & Sons.
Septiani, M., Ariyani, N., & Ispriyahadi, H. (2020). The effect of stock prices, return on assets, and firm size on dividend payout ratio: evidence from Indonesian financial service companies. Diponegoro International Journal of Business, 3(1), 17–27. https://doi.org/10.14710/dijb.3.1.2020.17-27
Setyorini, & Purwanti. (2025). Stabilitas Sistem Persediaan dalam Menghadapi Gangguan Pasokan.
Singh, D., & Verma, A. (2018). Inventory Management in Supply Chain. Materials Today: Proceedings, 5.
Surono, & Purba, B. J. (2022). Program Implementation Authorized Economic Operator (AEO) In Indonesia. International Journal of Economics, Business and Accounting Research (IJEBAR).
Tan, W., Guo, B., & Zhang, Q. (2025). Cybersecurity governance and corporate market value: Perspectives from investor trust and supply chain trust. Pacific Basin Finance Journal, 90. https://doi.org/10.1016/j.pacfin.2024.102646
The World Bank. (2023). Logistics Performance Index (LPI) Report.
Thi, H. A. V., & Hoang, T. T. (2025). The impact of inventory management on Vietnam’s industrial firm performance: A double-threshold regression approach. Investment Management and Financial Innovations, 22(4), 57–69. https://doi.org/10.21511/imfi.22(4).2025.05
Tong, X., Lai, K. hung, Lo, C. K. Y., & Cheng, T. C. E. (2022). Supply chain security certification and operational performance: The role of upstream complexity. International Journal of Production Economics, 247. https://doi.org/10.1016/j.ijpe.2022.108433
Utami, C. W., Tanesia, C. Y., Suade, Y. K. M., Aqwila, D. C., Kurniasari, A., Wijaya, J., Alfiani, M., Junaedi, A., Padmawidjaja, L., Mastan, S. A., Afandi, E. P., Alim, R., Lianto, B., & Widiarti, N. S. (2024). Menggali Teori Manajemen Terupdate: Konsep dan Aplikasi dalam Dunia Bisnis Modern. Penerbit Universitas Ciputra.
Wangke, S. J. C., Wullur, M., Palandeng, I. D., Jan, A. B. H., Pondaag, J. J., & Sumarauw, J. S. B. (2025). Exploring Theories In Operational Management: Resilience, Robustness, and Beyond. Nas Media Pustaka.
Weygandt, J. J., Kimmel, P. D., & Kieso, D. E. (2019). Financial accounting with international financial reporting standards. Wiley.
World Customs Organization. (2021). SAFE Framework of Standards.
Yu, Y. (2025). Research on the influence of enterprises digital transformation on inventory turnover. International Review of Economics and Finance, 103. https://doi.org/10.1016/j.iref.2025.104544
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2026 Fitriyaning Putri Nastiti, Henryanto Wijaya
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution-ShareAlike 4.0 International (CC-BY-SA). that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work.
