ANALISIS PERENCANAAN RISIKO FLUKTUASI MATA UANG PADA SUPPLY CHAIN MANAGEMENT (SCM) DI PT. LOKA FIBER INDONESIA

Abstract
PT Loka Fiber Indonesia uses exchange rate risk mitigation and supply chain management (SCM) strategies to deal with exchange rate fluctuations in exports. This study conducted a descriptive evaluative qualitative research using data triangulation and the Context, Input, Process, and Product (CIPP) evaluation model. In this study, (n = 4) informants consisted of commissioners, financial managers, export managers, and operational staff directly involved in international transactions and SCM management. The main variables analyzed include exchange rate risk exposure, organizational readiness, hedging strategy implementation, cross-division coordination, and financial performance indicators such as revenue stability, cash flow, and profit margin. Since raw materials are procured domestically, the results show that exchange rate fluctuations have a greater impact on financial flows than on physical supply chain operations. Companies can maintain financial stability by implementing hedging strategies supported by Standard Operating Procedures (SOP) and inter-divisional coordination. This is evidenced by export revenues of IDR 497,925,678 and a net profit margin of 4.78%. The context evaluation shows exchange rate volatility as the main external risk; the input evaluation shows resource and policy readiness; the process evaluation shows the effectiveness of exchange rate monitoring and shipment adjustments; and the product evaluation shows an increase in the company's financial resilience. Theoretically, this study incorporates exchange rate risk mitigation into the CIPP-based SCM evaluation framework. It expands research on supply chain risk management. Practically, this study provides strategic advice for export companies to align financial management and logistics planning to improve supply chain resilience. Overall, this study confirms that the integration of hedging strategies and SCM planning is essential to maintain operational stability amid global economic uncertainty.