Submit your papersSubmit Now
For Enquiries: [email protected]
IIARD LogoIIARD

Leveraging Logistics Capabilities for Effective Supply Chain Planning of Oil and Gas Firms in South-South Nigeria

Poi, Elizabeth Ledisi, Bob Ekwuribe, Ihunwo, Elvis

Abstract

Oil and gas firms in south-south Nigeria that are able to leverage logistics capabilities efficiently will respond promptly to fluctuating market conditions and satisfy customers’ needs and wants proficiently. This paper examines the impact of leveraging logistics capabilities for effective supply chain planning of oil and gas firms in south-south Nigeria. A cross-sectional survey research design was used to generate quantitative data from a population of twenty-three (23) Logistics managers of oil and gas firms in south-south Nigeria according to (Finelib 2016). The Tabachnick & Fidell’s (2012) rule for sample size determination was adopted and the entire population was treated as the sample. For data collection, a survey questionnaire designed with a 5-point Likert scale with 1: strongly disagree and 5: strongly agree in Google Form and printed format were validated by academic researchers and practitioners with the subject matter expertise. The Cronbach alpha analysis determined its reliability and it was distributed via social media and email. To test the hypotheses, the multiple linear regression technique was used with the aid of the IBM, Statistical Package for Social Sciences software (SPSS) software, version 25. The results show that with a 1% increase in logistics capabilities, effective supply chain planning will increase by 0.575% (B value). Therefore, the study concludes that logistics capabilities have a positive and significant impact on effective supply chain planning of oil and gas firms in south-south Nigeria. The study thus, recommends that oil and gas firms in south-south Nigeria should invest in and adopt advanced technologies to ensure effective supply chain planning, buttressed by vital demand oriented and supply oriented logistics capabilities to achieve the holistic supply chain management goals and objectives.

References

Aanu, A. (2023). Nigeria’s Oil and Gas Industry Fails To Cash In On Global Energy Hunger. Retrieved from: https://www.ft.com/content/519792cf-2d9c-4ffb-8c7a-ccb990e7ead23rd October, 2023 Aka-Wolugbom, E. A., & Eketu, C. A. (2021). Securing supply chain performance through change management competence in Nigeria oil and gas industry. Research Journal of Management Practice| ISSN, 2782, 7674. Amahalu, N. (2019). Effect of sustainability reporting on corporate performance of quoted oil and gas firms in Nigeria. Journal of Global Accounting, 6(2). Anaje, O & Oke, A. (2024). Current Gas Policies Challenges and Prospects. Retrieved from: https://ao2law.com/current-gas-policies-challenges-and-prospects/ on 1st August, 2024. Aniefiok, E. I., Idaresit, A. I., Eventus, D. E. & Joseph E. O. (2024). Nigeria’s oil and gas exploration and production: Socio-Economic implications, environmental impacts, and mitigation strategies. Socio Economy and Policy Studies (SEPS), 4(2) (2024) 100-114 Ballou, R. H. (2004). Business Logistics/Supply Chain Management: Planning, Organizing, and Controlling the Supply Chain. Pearson Prentice Hall. Barney, J. (2001). Resource based theories of competitive advantage: A ten-year retrospective on the resource-based view. Journal of Management, 27 (6), 626-641. Barney, J. B. (1991). Firm resources and sustained competitive advantage. Journal of Management, 17(1), 99-120. Bowersox, D. J., Closs, D. J., & Cooper, M. B. (2019). Supply Chain Logistics Management. McGraw-Hill Education. Chopra, S., & Meindl, P. (2019). Supply Chain Management: Strategy, Planning, and Operation. Pearson. Chopra, S., & Meindl, P. (2021). Supply Chain Management: Strategy, Planning, and Operation. Pearson. Chopra, S., & Meindl, P. (2021). Supply Chain Management: Strategy, Planning, and Operation. Pearson. Chopra, S., & Sodhi, M. S. (2014). Reducing the risk of supply chain disruptions. MIT Sloan Management Review, 55(3), 73-80. Christopher, M. (2016). Logistics & Supply Chain Management. Pearson UK. Christopher, M., & Peck, H. (2018). Marketing Logistics. Routledge Christopher, M., & Towill, D. (2001). An integrated model for the design of agile supply chains. International Journal of Physical Distribution & Logistics Management, 31(4), 235-246. Coyle, J. J., Bardi, E. J., & Novack, R. A. (2016). Transportation: A Global Supply Chain Perspective. Cengage Learning. Coyle, J. J., Langley, C. J., Novack, R. A., & Gibson, B. J. (2016). Supply Chain Management: A Logistics Perspective. Cengage Learning. Coyle, J. J., Langley, C. J., Novack, R. A., & Gibson, B. J. (2016). Supply Chain Management: A Logistics Perspective. Cengage Learning, Mason, AUT. Cunnane, C. (2023). Improving Supply Chain Efficiency through Data-Driven Logistics. ARC Advisory Group. Retrieved from logisticsviewpoints.com on 1st August, 2024. Erik, S. & Mats, A. (2011) Logistics capabilities for sustainable competitive advantage. International Journal of Logistics, (14), 1, 61-75. Fawcett, S. E., Ellram, L. M., & Ogden, J. A. (2019). Supply Chain Management: From Vision to Implementation. Pearson. Fildes, R., Nikolopoulos, K., Crone, S., & Syntetos, A. A. (2019). Forecasting and operational research: A review. Journal of the Operational Research Society, 70(2), 194-213. Folake E.A., Godson, I. & Aniekan, U.O. (2023) Energy: Oil & Gas 2023. Retrieved from: https://practiceguides.chambers.com/practice-guides/energy-oil-gas-2023/nigeria/trends- and-developments/O14097 on 3rd October, 2023 Gligor, D. M., & Holcomb, M. C. (2012). Understanding the role of logistics capabilities in achieving supply chain agility: A systematic literature review. Supply Chain Management: An International Journal, 17(4), 438-453. Grant, R. M. (1991). The resource-based theory of competitive advantage: Implications for strategy formulation. California Management Review, 33(3), 114-135. Hart, S. L. (1995). A natural-resource-based view of the firm. Academy of Management Review, 20(4), 986-1014. Helfat, C. E., & Peteraf, M. A. (2003). The dynamic resource-based view: Capability lifecycles. Strategic Management Journal, 24(10), 997-1010. Hohenstein, N. O., Feisel, E., & Hartmann, E. (2015). Humanitarian logistics: Cross?sector cooperation in disaster relief management. International Journal of Physical Distribution & Logistics Management, 45(1/2), 90-114. Ivanov, D., & Dolgui, A. (2020). Viability of intertwined supply networks: Extending the supply chain resilience angles towards survivability. International Journal of Production Research, 58(10), 2904-2915. Jabil (2023). Five Critical Supply Chain Planning Steps. Retrieved from: https://www.jabil.com/blog/supply-chain-planning-steps.html Jatta, J.S. (2016). Supply Chain Planning and Control: An Examination Of Demand Planning And Inventory Classification https://soar.wichita.edu/bitstream/handle/10057/13511/d16046_Jatta.pdf?sequence=1 Jenkins A. (2022). Logistics for Business Defined: Importance Role & Benefits. Retrieved From: https://www.netsuite.com/portal/resource/articles/erp/logistics.shtml on 18th September, Jonsson, P. & Holmström, J. (2016). The future of supply chain planning: Closing the gaps between practice and promise. International Journal of Physical Distribution and Logistics Management, 46(1), 62?81, DOI: http://dx.doi.org/10.1108/IJPDLM-05-2015- 0137 Kachwala, T., Nagy, G., & Surysekar, K. (2018). Supply chain risk management in the oil & gas industry: an empirical study of activities in the Niger Delta region of Nigeria. Journal of Manufacturing Technology Management, 29(4), 622-641. Lambert, D. M., & Cooper, M. C. (2000). Issues in supply chain management. Industrial Marketing Management, 29(1), 65-83. Mangan, J., & Lalwani, C. (2016). Global Logistics and Supply Chain Management. John Wiley & Sons. Mangan, Lalwani & Butcher, (2020). Global Logistics and Supply Chain Management. John Wiley & Sons. Narasimhan, R., & Das, A. (2001). An empirical investigation of supply chain performance and the importance of the supplier. International Journal of Purchasing and Materials Management, 37(3), 10-17. Nur, F. B. M. Z., Sazali, A.W., Abdullah, A. M., Ghazali, B. A. & Syed, Ali, F. (2017). Logistics capability, information technology, and innovation capability of logistics service providers: Empirical evidence from east coast Malaysia. International Review of Management and Marketing, 7(1), 326-336. Organization of the Petroleum Exporting Countries, (OPEC) (2023). Annual Statistical Bulletin. Retrieved from: https://www.opec.org/opec_web/static_files_project/media/downloads/publications/ASB _2023.pdf on 1st August, 2024. Ozioma, S. (2024). Port-Harcourt Refinery Has Begun Production Process, Warri Refinery 90% Complete, says Petroleum Retailers’ President Giles-Harry. Retrieved from: https://www.arise.tv/port-harcourt-refinery-has-begun-production-process-warri- refinery-90-complete-says-petroleum-retailers-president-giles-harry/ on 1st August, Pettit, T. J., & Croxton, K. L. (2010). Fostering resilience in supply chains. MIT Sloan Management Review, 51(2), 73-80. Pinedo, M. (2012). Planning and Scheduling in Manufacturing and Services. Springer. PlanetTogether, (2023). Supply Chain Planning: Process, Methods, and Strategies. Retrieved from:https://www.planettogether.com/blog/supply-chain-planning-process-methods-and- strategies on 3rd October, 2023 Poi, E.L. (2018). Inventory planning and agricultural productivity in Rivers State. RSU Journal of Strategic and Internet Business, 3(2), 280-294, Rafa?, M. (2011). The meaning of logistics capabilities in achieving the market success by a company. Scientific Journal of Logistics, 7(4), 41-48 Reiser, C. (2023). Supply Chain Resilience and Logistics Priorities. Logistics Viewpoints. Re

More Articles from INTERNATIONAL JOURNAL OF SOCIAL SCIENCES AND MANAGEMENT RESEARCH

Building National Analytics Capacity: Advances and Future Pathways

Author: Uchechi Mary-Linda Unamma, Ifeanyichukwu Jeffrey Okwesa, Uzoamaka Iwuanyanwu

Root-Cause and Thematic Analysis for Major Incident Management: A Review

Author: Ifeanyichukwu Jeffrey Okwesa, Uchechi Mary-Linda Unamma, Uzoamaka Iwuanyanwu

Data-Quality and Single-Source-Of-Truth Frameworks for Inter- Agency Reporting: A Review

Author: Uchechi Mary-Linda Unamma, Ifeanyichukwu Jeffrey Okwesa, Uzoamaka Iwuanyanwu

Human-In-The-Loop Decision Systems: Advances and Future Directions

Author: Funmilayo Ashore-Onisemo, Uchechi Mary-Linda Unamma, Ifeanyichukwu Jeffrey, Okwesa,

Roles of Oil Subsidy Removal on Transportation Cost and Water Factory in Cross River South, Nigeria

Author: Onwuzurike Peter Tobechi, Owoh Akwa Owoh, Unoh Grace Inyang, Umaru Musa