Thursday, February 11, 2021

ADOPTION OF SUPPLY CHAIN RISK IDENTIFICATION STRATEGIES BY SELECTED SMALL AND MEDIUM SCALE MANUFACTURING FIRMS IN THE SUNYANI MUNICIPALITY

 

ADOPTION OF SUPPLY CHAIN RISK IDENTIFICATION STRATEGIES BY SELECTED SMALL AND MEDIUM SCALE MANUFACTURING FIRMS IN THE SUNYANI MUNICIPALITY [PDF]

Sophia Dauda

DOI: http://doi.org/10.21681/IJMSIR-1.2.253.802681-20201

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Abstract: The Ghanaian economy is dominated by Micro, Small, and Medium Enterprises (SMEs), which provide substantial manufacturing employment and contribute significantly to the Gross Domestic Product (GDP). In spite of the immense contribution of SMEs to the economy of Ghana, they face several challenges that limit their development. Therefore, the Adoption of effective supply chain risk management strategies by SMEs is imperative. This study aimed at assessing the Adoption of supply chain risk identification strategies among selected small-scale manufacturers in the Sunyani Municipality of the Bono Region of Ghana. A descriptive survey using convenient and purposive sampling methods was utilized to obtain data from 140 selected SMEs in various manufacturing categories, which included metal works, leather works, fashion designers, water production, food, and beverages, as well as printing and publication. The findings revealed that the manufacturers were generally unfamiliar with the supply chain risk identification strategies. A further probe revealed brainstorming as the standard strategy known to them. It was found that the manufacturers were not in full agreement to adopt the strategies after they were presented and explained to them through this study. However, they were willing to adopt previous risk assessments among all the strategies to identify risks. It is therefore important that manufacturers are educated and encouraged to keep risk records, which could enable them to form a risk register to aid in identification.

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