An Appraisal of Supply Chain Risk Management in Nigerian Stock Exchange, Borno State
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Background of the Study
Supply chain risk management (SCRM) involves identifying, assessing, and mitigating risks that can disrupt the flow of goods and services within an organization’s supply chain. For financial institutions such as the Nigerian Stock Exchange (NSE), effective SCRM is essential for maintaining the integrity and stability of financial markets. In Borno State, where the NSE operates in challenging socio-economic conditions, including political instability and infrastructural constraints, risk management becomes even more critical (Bala & Ahmed, 2023).
The NSE plays a vital role in facilitating the trading of securities and other financial instruments, and disruptions in its supply chain could lead to market volatility, loss of investor confidence, and operational inefficiencies. Therefore, adopting a comprehensive approach to managing supply chain risks is crucial to ensuring the smooth operation of the stock exchange. This study aims to appraise the risk management practices of the NSE in Borno State and assess their effectiveness in mitigating supply chain disruptions.
Statement of the Problem
The Nigerian Stock Exchange faces significant supply chain risks in Borno State due to factors such as security concerns, political instability, and logistical challenges. These risks can disrupt the flow of financial services, affect trading operations, and harm the reputation of the NSE. Despite efforts to develop risk management strategies, the effectiveness of these practices in minimizing disruptions remains unclear. This study will evaluate the NSE’s current risk management strategies and identify areas for improvement.
Objectives of the Study
1. To evaluate the effectiveness of supply chain risk management practices at the Nigerian Stock Exchange in Borno State.
2. To identify the key supply chain risks faced by the Nigerian Stock Exchange in Borno State.
3. To recommend strategies for improving supply chain risk management at the Nigerian Stock Exchange in Borno State.
Research Questions
1. How effective are the supply chain risk management practices at the Nigerian Stock Exchange in Borno State?
2. What are the primary risks affecting the supply chain operations of the Nigerian Stock Exchange in Borno State?
3. How can the Nigerian Stock Exchange improve its supply chain risk management practices in Borno State?
Research Hypotheses
1. Supply chain risk management practices do not significantly reduce the impact of disruptions at the Nigerian Stock Exchange in Borno State.
2. The risks faced by the Nigerian Stock Exchange in Borno State do not significantly affect its operational efficiency.
3. Strategies to improve supply chain risk management do not significantly enhance the performance of the Nigerian Stock Exchange in Borno State.
Scope and Limitations of the Study
This study will focus on assessing the supply chain risk management practices at the Nigerian Stock Exchange in Borno State. Data will be gathered from NSE employees, stakeholders, and secondary sources. Limitations include challenges in accessing proprietary data and obtaining responses from all relevant stakeholders.
Definitions of Terms
• Supply Chain Risk Management (SCRM): The process of identifying, assessing, and mitigating risks in the supply chain to ensure business continuity.
• Supply Chain Disruption: Any event that interrupts the normal flow of goods and services in an organization’s supply chain.
• Operational Efficiency: The ability of an organization to achieve its objectives while minimizing resources and avoiding disruptions.
