TITLE:
Examining the Relationship between Lean Supplier Relationship Management (LSRM) and Firm Performance: A Study on Manufacturing Companies in Ghana
AUTHORS:
Sheila Benah, Yang Li
KEYWORDS:
LSRM Practices, Firm Performance, Supply Chain Management, Lean Management, Supplier Relationship Management, Ghana
JOURNAL NAME:
Open Journal of Business and Management,
Vol.8 No.6,
November
12,
2020
ABSTRACT: The main purpose of this research is to examine the relationship between
Lean Supplier Relationship Management (LSRM) practices and the performance of
manufacturing companies in Ghana. A close-ended questionnaire was used to
collect the data for our analysis. A total of 200 questionnaires were returned
and used for further analysis. IBM SPSS 25 and IBM AMOS 24 software were used
to analyze the survey data. Structural Equation Modelling (SEM) approach was
used to examine the relationship between the latent and manifest constructs.
The structural results revealed positive significant effects of Supplier
Flexibility (SF), Supply Partnership (SP), and Just-In-Time Delivery (JD) on
performance of manufacturing companies in Ghana. The result analysis further
indicated that JD has the highest positive effect on performance with an
estimated path coefficient of 0.68. The result also revealed the
non-significant effect of Knowledge Sharing (KS) on performance of
manufacturing companies in Ghana. The study seeks to add up to the already
exiting literature on lean supply chain management and lean supplier
relationship management on performance of manufacturing companies in Ghana.
This research framework can be adopted by manufacturing companies in
determining the implementation level of LSRM practices in their business
processes. The study was conducted on cross-sectional basis and the results
were based on quantitative analyze alone. Future research may use both quantitative and
qualitative approaches. More studies can be done on the LSRM variables and
their effect on manufacturing companies. Future studies can be conducted in
other sectors, such as
Human Resource sector, Warehouse sector and Transportation sector and their
impact on firm performance as this study was limited to LSRM practices.