Date of Conferral
2-26-2024
Date of Award
February 2024
Degree
Doctor of Business Administration (D.B.A.)
School
Business Administration
Advisor
John Hannon
Abstract
Ineffective supply chain risk management strategies negatively affect company profitability. Supply chain managers are concerned with ineffective risk management strategies, which can erode the company’s profitability. Grounded in the structural contingency theory of fit, the purpose of this qualitative multiple case study was to explore strategies oil supply chain managers use to manage supply chain risks effectively. The participants were eight supply chain managers of four companies in the Jamaican oil industry who successfully implemented strategies to manage supply chain risks and improve profitability. Data were collected using semistructured interviews. Through thematic analysis, three themes were identified: (a) adaptability and flexibility to oil price volatility, (b) partnerships and collaboration, and (c) quality assurance. A key recommendation is for supply chain managers to utilize a collective approach to risk management, which incorporates mutually beneficial partnerships among supply chain stakeholders. The implications for positive social change include the potential to empower skilled employees and create jobs for the wider community.
Recommended Citation
Stewart, Nordia Natacha, "Supply Chain Risk Management Strategies" (2024). Walden Dissertations and Doctoral Studies. 15397.
https://scholarworks.waldenu.edu/dissertations/15397
