Supply Chain Practices and Operational Efficiency of Quoted Food and Beverages Firms in South-South, Nigeria
Keywords:
Supply, chain practice, operational efficiency, quoted food, and beverages firmsAbstract
This research investigated the correlation between supply chain procedures and operational effectiveness of publicly listed food and beverage companies in South-South Nigeria. This study used a correlational survey research methodology. The study's population included 377 food and beverage companies. The sample size of 191 was determined by the Krejcie and Morgan sampling method. This research used a primary data source. The research employed content and face validity. The instrument's reliability was evaluated using Cronbach's alpha, revealing that all measured items exhibited strong internal consistency. The Spearman rank-order correlation coefficient was used to evaluate the hypotheses, while partial correlation was utilized to assess the moderating variable. The study's research indicated that supply chain practices, via the dimensions of strategic orientation, cooperative integration, and cooperative partnership, are strongly associated with the operational efficiency of listed food and beverage companies in South-South Nigeria. This research indicated that supply chain practices, via its aspects of strategic orientation, cooperative integration, and cooperative partnership, are precursors to the operational efficiency of listed food and beverage enterprises in South-South Nigeria. The study advises that managers of food and beverage companies implement strategic orientation to continuously monitor the evolving business environment and respond promptly to changes. They should also adopt supply chain integration to enhance procedural efficiency and ensure the assessment of capabilities. Furthermore, food and beverage firms should collaborate with suppliers in areas where they lack proficiency to improve operational efficiency
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