LOGISTICS OUTSOURCING AND PERFORMANCE OF MANUFACTURING COMPANIES IN SOUTHWESTERN NIGERIA
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Date
2022
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DEPARTMENT OF MANAGEMENTAND ACCOUNTING, FACULTY OF ADMINISTRATION , OBAFEMI AWOLOWO UNIVERSITY, ILE-IFE.
Abstract
ABSTRACT
The study evaluated the extent of logistics outsourcing practices among manufacturing companies in Southwestern Nigeria, determined the effect of efficiency of logistics outsourcing on output of the selected manufacturing companies, and examined the effect of logistics outsourcing on operational performance of the selected manufacturing companies in Southwestern Nigeria. These were with a view to providing information on the effect of logistics outsourcing on operational performance of the selected manufacturing companies in Southwestern, Nigeria. The study adopted a descriptive survey design. Primary data on variables such as haulage, storage and facility/asset managements and operational performance were obtained through the administration of questionnaire to respondents. The population of the study comprised six hundred and twenty (620) senior managers, middle level officers and supervisors who were employees of the selected food manufacturing companies in Lagos, Oyo and Ogun
states Southwestern, Nigeria. Sample size of two hundred and sixty (260) employees of manufacturing companies in South western, Nigeria were selected for the study using Taro Yamane’s formula. Data obtained for the study were analysed using tables, percentages and Ordinary Least Square (OLS) method. The Results showed that logistics outsourcing practices such as transportation management (𝑥̅= 4.00); storage management (𝑥̅= 4.11); and facility/asset management (𝑥̅= 4.39) were averagely high among manufacturing firms in the Southwestern, Nigeria. The result also revealed that efficient logistics outsourcing (t = 31.977, p < 0.05) had significant effect on productivity of manufacturing companies in the Southwestern, Nigeria. Lastly, the result revealed that logistics outsourcing (t = 10.875, p < 0.05) had significant effect on operational performance of the selected manufacturing companies in Southwestern, Nigeria.
The study concluded that logistics outsourcing enhanced performance of manufacturing companies
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110p.
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Citation
SAKA, A.N, (2022), LOGISTICS OUTSOURCING AND PERFORMANCE OF MANUFACTURING COMPANIES IN SOUTHWESTERN NIGERIA,DEPARTMENT OF MANAGEMENTAND ACCOUNTING, FACULTY OF ADMINISTRATION , OBAFEMI AWOLOWO UNIVERSITY, ILE-IFE, NIGERIA.