Supply Chain Risk Assessment and Sales Performance of Petroleum Marketing Firms in Port Harcourt
Vol. 4 Issue 1
The study evaluated the association between supply chain risk assessment and sales performance of quoted petroleum marketing firms in Nigeria. Risk assessment was operationalized as the independent variable while sales performance as the dependent variable profit and sales growth were used as measures for sales performance. The population for the study comprised of the eight quoted petroleum marketing firms as listed on the floor of the Nigerian stock exchange 2017. The research design adopted for the study was the quantitative triangulation. Two hypotheses were formulated and tested using the Pearson correlation coefficient, and findings from the study suggest that risk assessment is significantly related profit a measure of sales performance in the petroleum marketing firms in Nigeria. While we did not find any significant relationship for risk assessment and sales growth The study therefore, recommends petroleum marketing firms set up a team that is dedicated to observing the supply chain with a view to assessing the inherent risk issues Also, that the teams also observe the external environment to evaluate, analyze and keep tabs of the events that are happening as they have bearing on the supply chains.
