IIARD International Journal of Economics and Business Management (IJEBM )

E-ISSN 2489-0065
P-ISSN 2695-186X
VOL. 6 NO. 2 2020


Effects of Supplier Relationship Management Practices on Performance of Quoted Food and Beverage Firms in Nigeria

OPALEYE Muyiwa Adeleke (Ph.D), OJELADE Mathew Ojeleke (Ph.D) AND AREMU Atinuke Bukola


Abstract


The study examined the effects of supplier relationship management practices on performance of quoted food and beverage firms in Nigeria. Southwest region of the country remained the study area with a population size of 13 firms. All these firms were considered using total enumeration method. Also, Using stratified sampling technique, each firm was divided into 10 strata and 1 respondent was picked in each strata, leading to 10 respondents from each firm and 130 respondents as the sample size. 130 copies of questionnaire were administered but 103 responses were considered for analysis. Linear and Multiple Regression was used to test the hypotheses. It is evident from the results of the tests that supplier appraisal (F=28.196, p=0.000 <0.05), supplier development (F=20.114, p=0.000 <0.05), and supplier involvement (F=12.444, p=0.000 <0.05) have positive and significant effect on firm performance. Also, the combined effect of supplier appraisal, supplier development and supplier involvement (F=14.035, p=0.000 <0.05) on performance was significantly positive. Based on the findings of the study, it was concluded that for food and beverage industries desiring of more and sound performance, supplier relationship must be well managed through supplier appraisal, supplier development and supplier involvement.


keywords:

Supplier relationship management, Supplier appraisal, Supplier development, Supplier involvement, and Performance.


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