Material Requirement Planning and Supply Chain Performance of Oil and Gas Firms in Rivers State, Nigeria
DOI:
https://doi.org/10.47672/ajscm.845Keywords:
Material requirement planning, product quality, customer satisfaction, cost reduction, oil and gas firms and supply chain performanceAbstract
Purpose: This study examined the relationship between material requirement planning and supply chain performance of Oil and Gas firms in Rivers State, Nigeria.
Methodology: The study adopted an explanatory research design with a causal type of investigation. Both primary and secondary methods of data collection were used to obtain relevant data for analysis. The instrument of data collection employed was the questionnaire. The study population comprised of two hundred and ninety-three (293) oil and gas servicing firms operating in Rivers State as enlisted in the Nigerian oil and gas industry annual report (2020). The sample size for the study comprised 149 oil and gas firms in Port Harcourt, Rivers state. The sample size was determined using the Taro Yamene formula. Furthermore, the researcher selected one management staff from each of the oil and gas firms operating in Rivers State as respondents for the study hence a total of one hundred and forty nine (149) respondents were used for the study. The data was analyzed using the Pearson's Product Moment Correlation statistic through the aid of statistical packages for social science version 23.0.
Findings: The result of the study revealed the existence of significant and positive relationship between material requirement planning and supply chain performance of oil and gas firms in Rivers State.
Recommendation: The researcher concluded that material requirement planning affect supply chain performance of oil and gas firms in Rivers state and therefore recommended that managers of oil and gas firms should strategically manage their material and inventory processes in other to improve their supply chain performance.
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Copyright (c) 2021 Dr. Akintokunbo, Oluwarotimi Odunayo, Obom, Otonye
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