A QSPM Strategy to Control Inventory Turnover in Aerospace Industry

https://doi.org/10.35912/jakman.v7i1.5052
Published: Dec 9, 2025

Abstract:

Purpose: This study analyzes the current inventory management of PT. UTX and develops a data-driven control strategy by integrating internal and external strategic factors, addressing the aerospace industry’s unique high-dependency and certification requirements that are rarely explored in prior research. A key novelty of this research lies in the integration of the SWOT framework and the Quantitative Strategic Planning Matrix (QSPM) to design aerospace inventory strategies—an approach that has not been explicitly applied in this context before.

Methodology: A sequential exploratory mixed methods approach was applied, starting with qualitative interviews and followed by quantitative strategic analyses to evaluate factors influencing inventory turnover

Research Findings: PT. UTX maintains a solid planning system through MPS and leverages 3PL and bonded logistics centers, yet faces issues in digital integration, cross-functional coordination, and single-source supplier dependency. The analysis positions the company in a “grow and build” strategy, with backward integration identified as the most effective approach to enhance efficiency and supply chain resilience

.Limitations: The study focuses on PT. UTX and relies on internal expert input, which may limit generalizability to other contexts.

Contribution: This research advances supply chain strategy literature by integrating mixed methods with strategic tools, empirically validating backward integration and multi-sourcing as resilience strategies in high-certification industries like aerospace.

Novelty: The study uniquely combines qualitative insights and quantitative models to design an inventory control framework, emphasizing backward integration and multi-sourcing to strengthen supply chain resilience.

Keywords:
1. Aerospace Industry
2. Inventory Turnover
3. Supply Chain Strategy
4. SWOT Matrix
5. QSPM
Authors:
1 . Cynthia Andansari Putri
2 . Yenny Maya Dora
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How to Cite
Putri, C. A., & Dora, Y. M. (2025). A QSPM Strategy to Control Inventory Turnover in Aerospace Industry. Jurnal Akuntansi, Keuangan, Dan Manajemen, 7(1), 185–201. https://doi.org/10.35912/jakman.v7i1.5052
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Vol. 7 No. 1 (2025): Desember
Articles
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References

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    Adnan, A. Z., Rahayu, A., Hendrayati, H., & Yusuf, R. (2021). The role of electronic customer relationship management (E-CRM) in improving service quality. Paper presented at the Journal of Physics: Conference Series.

    Agustina, E. S. (2024). Analisis SWOT Untuk Merumuskan Strategi Pemasaran Pada Usaha Mikro, Kecil dan Menengah Locy Cahaya Bersaudara Menggunakan Matriks IFAS, EFAS, SFAS, dan Grand Strategy. Jurnal Bisnis dan Pembangunan, 13(3), 266-274. doi:https://doi.org/10.20527/jbp.1313i3.53

    Akman, M. K. (2019). SWOT analysis and security management. European Journal of Management and Marketing Studies. doi:http://dx.doi.org/10.46827/ejmms.v0i0.624

    Alam, M. K., Thakur, O. A., & Islam, F. T. (2024). Inventory management systems of small and medium enterprises in Bangladesh. Rajagiri management journal, 18(1), 8-19. doi:https://doi.org/10.1108/RAMJ-09-2022-0145

    Anandya, B., & Oktavia, N. M. L. (2020). The Brand Loyalty Determining Factors: The Role of Self-Brand Connection, Brand Love, Brand Trust, and Brand Image. STIE Perbanmas Surabaya.

    Ayurini, L. W., & Wijayati, N. (2025). Governance, Risk, and Compliance Maturity Level: Optimizing XX LLC Performance Achievement. International Journal of Financial, Accounting, and Management, 7(1), 15-26. doi:https://doi.org/10.35912/ijfam.v7i1.2184

    Bhatt, J., & Patel, B. (2020). Exploring customer experience in service sector to convert customers into advocates: An exploratory research with special reference to indian retail banks. Our Heritage, 68(1), 9270-9277.

    Chan-Olmsted, S., & Kim, J. H. (2023). Exploring the dimensions of media brand trust: a contemporary integrative approach. Journal of Media Business Studies, 20(1), 109-135. doi:https://doi.org/10.1080/16522354.2022.2029129

    Ega Adhisty, R., Jandhana, I. B. P., Aries, S., & Hariantana Aygy, Y. (2025). THE ROLE OF TECHNOLOGY AND INNOVATION IN DEFENSE EQUIPMENT DEVELOPMENT IN INDONESIA: A QUALITATIVE STUDY ON THE NATIONAL DEFENSE INDUSTRY. International Journal Of Humanities Education and Social Sciences, 4(5). doi:https://doi.org/10.55227/ijhess.v4i5.1227

    Elg, M., Gremyr, I., Halldorsson, Á., & Wallo, A. (2020). Service action research: review and guidelines. Journal of Services Marketing, 34(1), 87-99. doi:https://doi.org/10.1108/JSM-11-2018-0350

    Gliddon, D. G. (2009). Performance management systems. Handbook of Improving Performance in the Workplace: Volumes 1?3, 299-318. doi:https://doi.org/10.1002/9780470592663.ch31

    Gole, I., Dobrea, R. C., & Gombos, C. C. (2021). Aviation industry-challenges and uncertainties after the Covid-19 pandemic. Paper presented at the SHS Web of Conferences.

    Hånell, S. M., Rovira Nordman, E., Tolstoy, D., & Özbek, N. (2020). “It’sa new game out there”: e-commerce in internationalising retail SMEs. International Marketing Review, 37(3), 515-531. doi:https://doi.org/10.1108/IMR-03-2018-0107

    Harahap, A. S., & Yosepha, S. Y. (2025). Realities and Expectations of Young Indonesian Workers in Offshore Oil and Gas Industry. Annals of Human Resource Management Research, 5(2), 369-379. doi:https://doi.org/10.35912/ahrmr.v5i2.2992

    Hignasari, L. V., Putri, G. A. M. A., & Wijaya, I. K. W. B. (2023). Transformative strategies in higher education: SWOT analysis for project-based learning models. Utamax: Journal of Ultimate Research and Trends in Education, 5(3), 214-230. doi:https://doi.org/10.31849/utamax.v5i3.15748

    Hinterhuber, A. (2024). What every manager should know about pricing. Journal of business strategy, 45(4), 253-266. doi:https://doi.org/10.1108/JBS-11-2022-0192

    Ikatrinasari, Z. F., Tyas, S. K., Cahyana, B. J., & Purwanto, P. (2020). Development of digital marketing strategy in the education industry. International Review of Management and Marketing, 10(4), 63-67.

    Kahiluoto, H., Mäkinen, H., & Kaseva, J. (2020). Supplying resilience through assessing diversity of responses to disruption. International Journal of Operations & Production Management, 40(3), 271-292. doi:https://doi.org/10.1108/IJOPM-01-2019-0006

    Kamaluddin, I. (2020). Analisis Swot Untuk Merumuskan Strategi Bersaing Pada Pt. Menara Angkasa Semesta Cabang Sentani. Jurnal Ilmu Manajemen Terapan, 1(4), 342-354.

    Kamuri, K. J., & Kurniawati, M. (2020). The Influence of Digital Marketing Tools on Tourist Visiting Interest to Fatukopa Hill, TTS Regency. Paper presented at the 5th International Conference on Tourism, Economics, Accounting, Management and Social Science (TEAMS 2020).

    Karacop, E., & Ozdemir, R. (2020). Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Journal of Electrocardiology, 62, 59-64.

    Koumanakos, D. P. (2008). The effect of inventory management on firm performance. International journal of productivity and performance management, 57(5), 355-369. doi:https://doi.org/10.1108/17410400810881827

    Lestary, L., & Chaniago, H. (2017). Pengaruh lingkungan kerja terhadap kinerja karyawan. Jurnal Riset Bisnis Dan Investasi, 3(2), 94-103. doi:https://doi.org/10.35313/jrbi.v3i2.937

    Matinheikki, J., Kenny, K., Kauppi, K., van Raaij, E., & Brandon-Jones, A. (2024). Realising the promise of value-based purchasing: experimental evidence of medical device selection. International Journal of Operations & Production Management, 44(13), 100-126. doi:https://doi.org/10.1108/IJOPM-09-2023-0779

    Musyaffi, A. M., Johari, R. J., Hendrayati, H., Wolor, C. W., Armeliza, D., Mukhibad, H., & Izwandi, H. S. C. (2024). Exploring Technological Factors and Cloud Accounting Adoption in MSMEs: A Comprehensive TAM Framework. International Review of Management and Marketing, 15(1), 283-292. doi:https://doi.org/10.32479/irmm.17451

    Napitupulu, B. S., & Widanarko, B. (2024). Identification of Risk Factors for Work Stress Field Workers in Oil and Gas Industry: Literature Review. Media Publikasi Promosi Kesehatan Indonesia (MPPKI), 7(10), 2465-2471. doi:https://doi.org/10.56338/mppki.v7i10.6173

    Nhamo, G., Dube, K., & Chikodzi, D. (2020). Counting the cost of COVID-19 on the global tourism industry: Springer.

    Nimatov, D., & Imamova, D. (2021). Impact of the coronavirus pandemic on the aviation industry of Uzbekistan. Society and Innovation, 2(5/S), 289–293. doi:https://doi.org/10.47689/2181-1415-vol2-iss5/S-pp289-293

    Pollák, F., & Markovi?, P. (2021). Size of business unit as a factor influencing adoption of digital marketing: Empirical analysis of SMEs operating in the central European market. Administrative Sciences, 11(3), 71. doi:https://doi.org/10.3390/admsci11030071

    Prastacos, G. P. (1984). Blood inventory management: an overview of theory and practice. Management science, 30(7), 777-800. doi:https://doi.org/10.1287/mnsc.30.7.777

    Pulakos, E. D., Hanson, R. M., Arad, S., & Moye, N. (2015). Performance management can be fixed: An on-the-job experiential learning approach for complex behavior change. Industrial and Organizational Psychology, 8(1), 51-76. doi:https://doi.org/10.1017/iop.2014.2

    Reece, J. T., & Sesok-Pizzini, D. (2021). Inventory management and product selection in pediatric blood banking. Clinics in Laboratory Medicine, 41(1), 69-81. doi:https://doi.org/10.1016/j.cll.2020.10.005

    Safanta, A., Shihab, M., Budi, N., Hastiadi, F., & Budi, I. (2019). Digital marketing strategy for laboratories marketplace. Paper presented at the Journal of Physics: Conference Series.

    Shahijan, M. K., Rezaei, S., & Preece, C. N. (2016). Developing a framework of internationalisation for higher education institutions in Malaysia: A SWOT analysis. International Journal of Management in Education, 10(2), 145-173. doi:https://doi.org/10.1504/IJMIE.2016.075556

    Sugiyono. (2022). Metode Penelitian Kuantitatif, Kualitatif, dan R&D: Alfabeta.

    Székely, S., Csata, Z., Cioca, L.-l., & Benedek, A. (2020). INDUSTRIAL MARKETING 4.0-UPGRADING THE INDUSTRIAL COSTUMERS’PATH TO THE DIGITAL ECONOMY. Polish Journal of Management Studies, 22(2), 535. doi:https://doi.org/10.17512/pjms.2020.22.2.35

    Ustabulut, M. Y. (2021). SWOT Analysis for the Distance Education Process of Lecturers Teaching Turkish as a Foreign Language. Educational Policy Analysis and Strategic Research, 16(1), 139-152.

    Whiting, S. W., Maynes, T. D., Podsakoff, N. P., & Podsakoff, P. M. (2012). Effects of message, source, and context on evaluations of employee voice behavior. Journal of Applied Psychology, 97(1), 159. doi:https://doi.org/10.1037/a0024871

    Wild, T. (2017). Best practice in inventory management: Routledge.

    Yusuf, R., Hendrayati, H., Bastian, Z., Nurhasan, R., & Adnan, A. Z. (2024). Survival strategy for Culinary micro small medium enterprise through digital marketing. Paper presented at the AIP Conference Proceedings.

    Zerine, I., Biswas, Y. A., Doha, M. Z., Meghla, H. M., & Polas, M. R. H. (2025). Data-Driven Sustainability: How Predictive Analytics ShapeSupply Chain Performance. Annals of Management and Organization Research, 6(4), 433-446. doi:https://doi.org/10.35912/amor.v6i4.2613

  1. Addison, P. F., Stephenson, P. J., Bull, J. W., Carbone, G., Burgman, M., Burgass, M. J., . . . McRae, L. (2020). Bringing sustainability to life: A framework to guide biodiversity indicator development for business performance management. Business Strategy and the Environment, 29(8), 3303-3313. doi:https://doi.org/10.1002/bse.2573
  2. Adnan, A. Z., Rahayu, A., Hendrayati, H., & Yusuf, R. (2021). The role of electronic customer relationship management (E-CRM) in improving service quality. Paper presented at the Journal of Physics: Conference Series.
  3. Agustina, E. S. (2024). Analisis SWOT Untuk Merumuskan Strategi Pemasaran Pada Usaha Mikro, Kecil dan Menengah Locy Cahaya Bersaudara Menggunakan Matriks IFAS, EFAS, SFAS, dan Grand Strategy. Jurnal Bisnis dan Pembangunan, 13(3), 266-274. doi:https://doi.org/10.20527/jbp.1313i3.53
  4. Akman, M. K. (2019). SWOT analysis and security management. European Journal of Management and Marketing Studies. doi:http://dx.doi.org/10.46827/ejmms.v0i0.624
  5. Alam, M. K., Thakur, O. A., & Islam, F. T. (2024). Inventory management systems of small and medium enterprises in Bangladesh. Rajagiri management journal, 18(1), 8-19. doi:https://doi.org/10.1108/RAMJ-09-2022-0145
  6. Anandya, B., & Oktavia, N. M. L. (2020). The Brand Loyalty Determining Factors: The Role of Self-Brand Connection, Brand Love, Brand Trust, and Brand Image. STIE Perbanmas Surabaya.
  7. Ayurini, L. W., & Wijayati, N. (2025). Governance, Risk, and Compliance Maturity Level: Optimizing XX LLC Performance Achievement. International Journal of Financial, Accounting, and Management, 7(1), 15-26. doi:https://doi.org/10.35912/ijfam.v7i1.2184
  8. Bhatt, J., & Patel, B. (2020). Exploring customer experience in service sector to convert customers into advocates: An exploratory research with special reference to indian retail banks. Our Heritage, 68(1), 9270-9277.
  9. Chan-Olmsted, S., & Kim, J. H. (2023). Exploring the dimensions of media brand trust: a contemporary integrative approach. Journal of Media Business Studies, 20(1), 109-135. doi:https://doi.org/10.1080/16522354.2022.2029129
  10. Ega Adhisty, R., Jandhana, I. B. P., Aries, S., & Hariantana Aygy, Y. (2025). THE ROLE OF TECHNOLOGY AND INNOVATION IN DEFENSE EQUIPMENT DEVELOPMENT IN INDONESIA: A QUALITATIVE STUDY ON THE NATIONAL DEFENSE INDUSTRY. International Journal Of Humanities Education and Social Sciences, 4(5). doi:https://doi.org/10.55227/ijhess.v4i5.1227
  11. Elg, M., Gremyr, I., Halldorsson, Á., & Wallo, A. (2020). Service action research: review and guidelines. Journal of Services Marketing, 34(1), 87-99. doi:https://doi.org/10.1108/JSM-11-2018-0350
  12. Gliddon, D. G. (2009). Performance management systems. Handbook of Improving Performance in the Workplace: Volumes 1?3, 299-318. doi:https://doi.org/10.1002/9780470592663.ch31
  13. Gole, I., Dobrea, R. C., & Gombos, C. C. (2021). Aviation industry-challenges and uncertainties after the Covid-19 pandemic. Paper presented at the SHS Web of Conferences.
  14. Hånell, S. M., Rovira Nordman, E., Tolstoy, D., & Özbek, N. (2020). “It’sa new game out there”: e-commerce in internationalising retail SMEs. International Marketing Review, 37(3), 515-531. doi:https://doi.org/10.1108/IMR-03-2018-0107
  15. Harahap, A. S., & Yosepha, S. Y. (2025). Realities and Expectations of Young Indonesian Workers in Offshore Oil and Gas Industry. Annals of Human Resource Management Research, 5(2), 369-379. doi:https://doi.org/10.35912/ahrmr.v5i2.2992
  16. Hignasari, L. V., Putri, G. A. M. A., & Wijaya, I. K. W. B. (2023). Transformative strategies in higher education: SWOT analysis for project-based learning models. Utamax: Journal of Ultimate Research and Trends in Education, 5(3), 214-230. doi:https://doi.org/10.31849/utamax.v5i3.15748
  17. Hinterhuber, A. (2024). What every manager should know about pricing. Journal of business strategy, 45(4), 253-266. doi:https://doi.org/10.1108/JBS-11-2022-0192
  18. Ikatrinasari, Z. F., Tyas, S. K., Cahyana, B. J., & Purwanto, P. (2020). Development of digital marketing strategy in the education industry. International Review of Management and Marketing, 10(4), 63-67.
  19. Kahiluoto, H., Mäkinen, H., & Kaseva, J. (2020). Supplying resilience through assessing diversity of responses to disruption. International Journal of Operations & Production Management, 40(3), 271-292. doi:https://doi.org/10.1108/IJOPM-01-2019-0006
  20. Kamaluddin, I. (2020). Analisis Swot Untuk Merumuskan Strategi Bersaing Pada Pt. Menara Angkasa Semesta Cabang Sentani. Jurnal Ilmu Manajemen Terapan, 1(4), 342-354.
  21. Kamuri, K. J., & Kurniawati, M. (2020). The Influence of Digital Marketing Tools on Tourist Visiting Interest to Fatukopa Hill, TTS Regency. Paper presented at the 5th International Conference on Tourism, Economics, Accounting, Management and Social Science (TEAMS 2020).
  22. Karacop, E., & Ozdemir, R. (2020). Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Journal of Electrocardiology, 62, 59-64.
  23. Koumanakos, D. P. (2008). The effect of inventory management on firm performance. International journal of productivity and performance management, 57(5), 355-369. doi:https://doi.org/10.1108/17410400810881827
  24. Lestary, L., & Chaniago, H. (2017). Pengaruh lingkungan kerja terhadap kinerja karyawan. Jurnal Riset Bisnis Dan Investasi, 3(2), 94-103. doi:https://doi.org/10.35313/jrbi.v3i2.937
  25. Matinheikki, J., Kenny, K., Kauppi, K., van Raaij, E., & Brandon-Jones, A. (2024). Realising the promise of value-based purchasing: experimental evidence of medical device selection. International Journal of Operations & Production Management, 44(13), 100-126. doi:https://doi.org/10.1108/IJOPM-09-2023-0779
  26. Musyaffi, A. M., Johari, R. J., Hendrayati, H., Wolor, C. W., Armeliza, D., Mukhibad, H., & Izwandi, H. S. C. (2024). Exploring Technological Factors and Cloud Accounting Adoption in MSMEs: A Comprehensive TAM Framework. International Review of Management and Marketing, 15(1), 283-292. doi:https://doi.org/10.32479/irmm.17451
  27. Napitupulu, B. S., & Widanarko, B. (2024). Identification of Risk Factors for Work Stress Field Workers in Oil and Gas Industry: Literature Review. Media Publikasi Promosi Kesehatan Indonesia (MPPKI), 7(10), 2465-2471. doi:https://doi.org/10.56338/mppki.v7i10.6173
  28. Nhamo, G., Dube, K., & Chikodzi, D. (2020). Counting the cost of COVID-19 on the global tourism industry: Springer.
  29. Nimatov, D., & Imamova, D. (2021). Impact of the coronavirus pandemic on the aviation industry of Uzbekistan. Society and Innovation, 2(5/S), 289–293. doi:https://doi.org/10.47689/2181-1415-vol2-iss5/S-pp289-293
  30. Pollák, F., & Markovi?, P. (2021). Size of business unit as a factor influencing adoption of digital marketing: Empirical analysis of SMEs operating in the central European market. Administrative Sciences, 11(3), 71. doi:https://doi.org/10.3390/admsci11030071
  31. Prastacos, G. P. (1984). Blood inventory management: an overview of theory and practice. Management science, 30(7), 777-800. doi:https://doi.org/10.1287/mnsc.30.7.777
  32. Pulakos, E. D., Hanson, R. M., Arad, S., & Moye, N. (2015). Performance management can be fixed: An on-the-job experiential learning approach for complex behavior change. Industrial and Organizational Psychology, 8(1), 51-76. doi:https://doi.org/10.1017/iop.2014.2
  33. Reece, J. T., & Sesok-Pizzini, D. (2021). Inventory management and product selection in pediatric blood banking. Clinics in Laboratory Medicine, 41(1), 69-81. doi:https://doi.org/10.1016/j.cll.2020.10.005
  34. Safanta, A., Shihab, M., Budi, N., Hastiadi, F., & Budi, I. (2019). Digital marketing strategy for laboratories marketplace. Paper presented at the Journal of Physics: Conference Series.
  35. Shahijan, M. K., Rezaei, S., & Preece, C. N. (2016). Developing a framework of internationalisation for higher education institutions in Malaysia: A SWOT analysis. International Journal of Management in Education, 10(2), 145-173. doi:https://doi.org/10.1504/IJMIE.2016.075556
  36. Sugiyono. (2022). Metode Penelitian Kuantitatif, Kualitatif, dan R&D: Alfabeta.
  37. Székely, S., Csata, Z., Cioca, L.-l., & Benedek, A. (2020). INDUSTRIAL MARKETING 4.0-UPGRADING THE INDUSTRIAL COSTUMERS’PATH TO THE DIGITAL ECONOMY. Polish Journal of Management Studies, 22(2), 535. doi:https://doi.org/10.17512/pjms.2020.22.2.35
  38. Ustabulut, M. Y. (2021). SWOT Analysis for the Distance Education Process of Lecturers Teaching Turkish as a Foreign Language. Educational Policy Analysis and Strategic Research, 16(1), 139-152.
  39. Whiting, S. W., Maynes, T. D., Podsakoff, N. P., & Podsakoff, P. M. (2012). Effects of message, source, and context on evaluations of employee voice behavior. Journal of Applied Psychology, 97(1), 159. doi:https://doi.org/10.1037/a0024871
  40. Wild, T. (2017). Best practice in inventory management: Routledge.
  41. Yusuf, R., Hendrayati, H., Bastian, Z., Nurhasan, R., & Adnan, A. Z. (2024). Survival strategy for Culinary micro small medium enterprise through digital marketing. Paper presented at the AIP Conference Proceedings.
  42. Zerine, I., Biswas, Y. A., Doha, M. Z., Meghla, H. M., & Polas, M. R. H. (2025). Data-Driven Sustainability: How Predictive Analytics ShapeSupply Chain Performance. Annals of Management and Organization Research, 6(4), 433-446. doi:https://doi.org/10.35912/amor.v6i4.2613