Supply Chain Management and MSMEs Growth in Developing Countries: A Focus on North Central Region of Nigeria
Keywords:
Supply Chain Management, Key Performance Indicators, MSMEs, Growth, North Central, Nigeria.
Abstract
Today’s business environment for Micro, Small, and Medium Enterprises (MSMEs) as well as large, global companies is more fluid and complex than ever before. Companies are adapting their supply chains to respond to increasingly competitive market conditions and to deliver higher revenue and greater value to their shareholders and customers. The study employed retrospective design. Respondents were selected using purposive sampling to arrive at the desired sample of the owners of Micro, Small, and Medium Enterprises in selected states of the north-central Nigeria. The 5-point Likert scale was employed to allow for precise responses on some issues raised regarding their supply chain management. Given the data gathered and generally ranking the totality of the Micro, Small, and Medium Enterprises in terms of least performance based on the indicators used, the result shows that the Micro, Small, and Medium Enterprises performed least on Total Delivered Cost followed by Operating Costs, Performance to Plan, Inventory, Supply Variability, Demand Variability, and Customer Service. In order to succeed, Micro, Small, and Medium Enterprises in Nigeria, particularly in the north-central states need to be able to increase inventory velocity, achieve the shortest possible cycle times, continually improve their supplier performance and drive their sales and market share.
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Agusto and Co.(n.d.). Micro, Small and Medium Enterprises(MSMEs) Industry Report. http://www.agustoresearch.com/2016-Micro-Small-Medium-Enterprises.
Ajibefun, A. I., and Daramola, A. G. (2003), Efficiency of Microenterprises in the Nigerian Economy. African Economic Research Consortium, Research Paper134.
Alvarez, R., and Crespi,G. (200l, 2003).Determinants of Technical Efficiency in Small Firms.Small Business Economics, 20(3), 233-244.
Chow, W. S., Madu, C. N, Kuei, C-H., Lu, M.H., Lin, C., and Tseng.H. (2008).Supply Chain Management in the US and Taiwan: An Empirical Study. The International Journal of Management Science, 36(1), 665- 679.
Chowa, W. S., Madu, C. N., Kuei, C.-H., Lu, M. H., Chinho, L., and Tseng, H.(2008). Supply Chain Management in the US and Taiwan: An Empirical Study. The International Journal of Management Science, 36 (5), 665-679.
Christopher, M. L. (1992) Logistics and Supply Chain Management. London: Pitman Publishing.
Connect Nigeria(n.d.). The Nigerian Economy: The Role of SMEs. http://www.connectnigeria.com/articles/2015/08/the-nigerian-economy-the-role-of-smes/.
Council of Supply Chain Management Professionals.(2010) Supply Chain Management Terms and Glossary.Retrieved August 2, 2013, from http://cscmp.org/sites/default/files/user_uploads/resources/downloads/glossary.pdf.
Coyle, J. J., Langley, C. J., Novack, R. A., and Gibson, B. J. (2013).Supply Chain Management: A Logistics Perspective. Mason, OH: South-Western Cengage Learning.
CSCMP, C., Haozhe, C., Clifford, D.C., Brian, J. G., Joe, B. H. (2014). Supply Chain Concepts.http://www.informit.com/articles/article.aspx?p=2166717&seqNum=2.
Dashboard stream (n.d.). Top 10 Challenges of Business Inventory Management.http://dashboardstream.com/top-10-challenges-of-business-inventory-management/.
Decker, F. (2017).How to Average Likert Scales. https://sciencing.com/average-Likert-scales-6181662.html.
eRepublik Wiki (n.d.).The North Central States. Wiki https://wiki.erepublik.com/index.php/North_Central_States.
Ernst and Young (n.d.).Driving improved supply chain results: Adapting to a changing global marketplace.www.ey.com/Publication/...supply.../Driving_improved_supply_chain_results.pdf.
Fawcett, S. E., Ellram, L. M., and Ogden, J. A. (2007).Supply Chain Management: From Vision to Implementation. Upper Saddle River, NJ: Prentice Hall.
Fynes, B., Voss, C., and de Búrca, S., 2005.The Impact of Supply Chain Relationship Dynamics on Manufacturing Performance.International Journal of Operations and Productions Management, 25(1), 6-19.
Ganesan, S., (1994) Determinants of Long-term Orientation in Buyer-Seller Relationships.Journal of Marketing, 58 (1),50-69.
Guichet (2015).Identifying and preventing underperformance.http://www.guichet.public.lu/enterprises/en/sauvegarde-cessation-activite/sauvegarde-activite/detection-prevention/sous-performance/index.html.
Gulati, R. (1995). Does Familiarity Breed Trust? The Implications of Repeated Ties for Contractual Choice Alliances.Academy of Management Journal, 38 (1),85-112.
Gunasekaran, A., and Kobu, B. (2007). Performance Measures and Metrics in Logistics and Supply Chain Management: A Review of Recent Literature (1995–2004) for Research and Applications. InternationalJournal of Production Research, 45(12), 2819-2840.
JDA (n.d.).Managing Demand Variability and Volatility.https://blog.jda.com/managing-demand-variability-jda-software-supply-chain/.
Kale, Y. (2015).Micro, Small and Medium Enterprise National Survey 2013.www.nigerianstat.gov.ng/pdfuploads/MSME%20Presentation.pdf
Ketchen, D. J. Jr., Rebarick, W., Hult, G. T. M., and Meyer, D. (2008). Best Value Supply Chains: A Key Competitive Weapon for the 21stCentury. Business Horizons, 51, 235- 243.
Klein, R. (2007). Customization and Real-Time Information Access in Integrated business Supply Chain Relationships.Journal of Operations Management, 25(1),1366-1381.
Lee, V., and Harvie, C. (2010). How Do Vietnamese's SMEs Perform: Technical Efficiency in the Manufacturing Sector and Its Sub-sectors, School of Economics, Faculty of Commerce, University of Wollongong, Australia.
Llerena, D., Duvallet, J., Lemarié, S., and Penz, B. (2006). Evaluer Les Impacts Du PartageD'information: Objectif, Méthodologie, Résultats.www.copilotes.eu.
Maps of World (n.d.).Location of Nigeria.https://www.mapsofworld.com/nigeria/nigeria-location-map.html.
Meeken, Z. (2013). 5 Ways to Increase Supply Chain Performance.http://www.business.org/software/supplier/ways-to-increase-supply-chain-performance/
MydNigeria (n.d.). North Central Region Guide. http://www.mydnigeria.com/nigeria-travel-infomation/nigeria-regional-information/north-central-nigeria-region-guide/.
Onugu, B. A.N.(2005). Small and Medium Enterprises (SMEs) in Nigeria: Problems and Prospects.http://stclements.edu/grad/gradonug.pdf.
Oyelaran-Oyeyinka, B.(n.d.). FSS 2020 International conferences: Issues, Challenges, and Prospects.https://www.cbn.gov.ng/fss/wed/SME_Issues,%20Challenges%20and%20Prospects_Oyeyinka%20Banji.pdf
Quayle, M. (2003).A study of Supply Chain Management Practices in UK Industrial SMEs.Supply Chain Management – An International Journal, Vol. 8 No. 1, pp. 79-86.
Staff Writer (2017).Supply chain management: How SMEs can succeed in Africa.https://www.howwemadeitinafrica.com/supply-chain-management-smes-can-succeed-africa/.
SupplyChainBrain (2013).Getting a Handle on Your Total Delivered Cost.http://www.supplychainbrain.com/content/latest-content/single-article/article/getting-a-handle-on-your-total-delivered-cost/.
Trung, H., and Belihu, M. (2010). Increasing the Performance of SMEs in Supply Chains of Large Enterprises: A SME Perspective.Master’s Thesis in Logistics and Innovation Management.Faculty of Engineering and Sustainable Development.https://www.diva-portal.org/smash/get/diva2:361038/FULLTEXT01.pdf
Wikipedia (n.d.).State Nigeria.https://en.wikipedia.org/wiki/States_of_Nigeria.
World Atlas (n.d.).Where is Nigeria? http://www.worldatlas.com/af/ng/where-is-nigeria.html.
Published
2018-01-17
How to Cite
Okon, E. (2018). Supply Chain Management and MSMEs Growth in Developing Countries: A Focus on North Central Region of Nigeria. International Journal of Small and Medium Enterprises, 1(1), 19-33. https://doi.org/10.46281/ijsmes.v1i1.65
Section
Original Articles/ Short Communications
Copyright (c) 2018 Emmanuel Okokondem Okon
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