A Quantitative Analysis of Risk Evaluation in Supply Chains:  The Impact of Standardization and Technology Integration on Transport Logistics

Lord Emmanuel  Yamoah; Ronald Osei Mensah; Bright  Nyamekye; Peter Kyere  Kwadwo

doi:10.36941/jicd-2024-0014

Authors

Lord Emmanuel Yamoah Procurement and Supply Department, Takoradi Technical University, Takoradi, Ghana
Ronald Osei Mensah Social Development Section, Centre for Languages and Liberal Studies, Takoradi Technical University, Takoradi, Ghana
Bright Nyamekye Procurement and Supply Department, Takoradi Technical University, Takoradi, Ghana
Peter Kyere Kwadwo CDC Consult Limited, Ghana

DOI:

https://doi.org/10.36941/jicd-2024-0014

Keywords:

Risk Evaluation, Transportation Logistics, Standardization, Technology Integration, Supply Chain

Abstract

Given that supply chain risk management is critical to the effectiveness, and resilience, of operating transportation logistics, the purpose of this study, essentially, is to examine the effect of standardizing risk evaluation on transportation logistics. Through a quantitative research approach, data is sourced, by surveys, from supply chain professionals, logistics directors, and corporate executives. The study shows that scenario analysis, quantitative risk assessment, qualitative risk assessment, supply chain mapping, and root cause analysis, as well as supply chain diversification, significantly, impact transport logistics performance. However, real-time monitoring, and tracking, are not, strongly, linked to changes in transport logistics performance. By implication, managers need to, first, equip their subordinates with the requisite resources to assist in technology integration; bearing in mind that such resources, aimed at transforming transport logistics performance, will, ultimately, allow these workers to appreciate both the usefulness of any considered technology and the ease of implementing such technology.

Received: 16 August 2024 / Accepted: 13 November 2024 / Published: 20 November 2024