An Assessment Of Effect Of Risk Identification Management Strategy On Supply Chain Performance In Manufacturing Companies In Kenya

Abstract

Risk Monitoring & Control management strategies and risk Identification management strategies are a key function in improving supply chain performance at a greater extent. This study found out that companies can only ensure there is adequate cost reduction along supply chain function through use of activities based contracts with clean cost management targets, setting annual savings target and reporting achieved saving monthly and competitive bidding, purchasing from suppliers and delivering to customers economic quantities and majority of the companies build alliances through supply chain systems. According to the study findings, in order to enhance a smooth performing of supply chain in a company given the changing nature of markets due to increased diversity adequate risk identification and management is inevitable