Risk Identification and Supply Chain Performance in Construction Industry in Kenya
Year: 2022
Type: article
Abstract: Globally, business organizations deal with financial risk management aspects. Other aspects of risk are not taken care of yet they can impact on the organization as a whole and even cause the financial risk. A risk assessment and analysis, in any organization, is quite important as it helps in ensuring appropriate planning for unexpected events, the organization can be ready to respond to if they arise. The aim of this research are to establish the impact of procurement risk Identification practices on supply chain management performance at ITS GOVINDA & SONS (K) LTD construction company. Specifically, the objective of the research is to critically evaluate the types of risks in supply chain at ITS GOVINDA SONS (K) LIMITED construction Company. The study was anchored on Dynamic Risk Management Theory. Descriptive survey research design was used in the study. Questionnaires were used as the main data collection instruments. Validity and reliability of the research instruments were ensued through preparation of the research instruments with experts in the department as well as piloting. Regression model was used to establish the relationship between risk identification practices and supply chain performance. From the results, the value of R squared was 0.499 which meant 49.9% of supply chain performance at ITS GOVINDA SONS (K) LIMITED Construction Company was explained by risk identification techniques. The hypothesis was rejected and thus risk identification has an effect on supply chain performance.
Author: Nurwin Fozia
Institution: Kaimosi Friends University
Language: English
Field: Decision Sciences
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W4292004182