THE IMPACT OF SUPPLY CHAIN MANAGEMENT ON BUSINESS PERFORMANCE
- Project Research
- 1-5 Chapters
- Quantitative
- Simple Percentage
- Abstract : Available
- Table of Content: Available
- Reference Style: Available
- Recommended for : Student Researchers
- NGN 3000
This research explores the impact of supply chain management (SCM) on business performance. Objectives are: (1) to assess the effectiveness of SCM practices in improving operational efficiency, (2) to analyze the relationship between SCM and cost reduction, and (3) to identify key SCM strategies that drive performance. A survey design is selected for its effectiveness in collecting quantitative data from a large sample. Using Taro Yamane's formula, the sample size is 350, ensuring comprehensive coverage. The study focuses on the manufacturing sector in Lagos, Nigeria, where efficient SCM is critical. The reliability coefficient score is 0.88, indicating high consistency. Findings show that effective SCM practices significantly boost business performance by improving operational efficiency, reducing costs, and enhancing customer satisfaction. Recommendations include prioritizing investment in advanced SCM technologies and providing ongoing training to supply chain managers to maximize benefits.
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