Analysis of Cash Planning and Cash Control on Operational Efficiency of the Food Company

Abstract

This study aims to analyze the effect of cash planning and cash control on operational efficiency. The phenomenon of standard material price fluctuations as well as complex market dynamics requires a company to have an effective cash management system so that operational efficiency is maintained. This study used a quantitative approach in associative methods, where data was obtained through the spread of a questionnaire to the 60 respondents working in the financial and operating section of both companies. Data analysis was carried out through validity tests, relics, multiple linear regression, t-test, F-test, and the coefficient of determination (R²) with the help of SPSS software. The results show that cash planning had a positive and significant effect on operating efficiency. Cash control also has a positive and significant influence on operational efficiency. Simultaneously, these two variables have a significant effect on operational efficiency. This indicates that the better planning and cash control, the company's operational efficiency will increase. This research is expected to be a reference for companies in strengthening cash management systems in order to increase efficiency and operational competitiveness in the food and beverage industry sector.