William Akoto Oppong
Department of Procurement, Business University of Costa Rica
School of Finance & Financial Management
Email: waoppong@gmail.com
Abstract
Firms struggle for efficiency and effectiveness. Strategies involving supply chain between actors and integration of activity chains are reliant of factors that firms do not have direct ownership and control over. This has implications for strategizing, setting the goals and measuring performance. Efficiency and effectiveness are often used to describe performance. From a resource dependence perspective efficiency is defined as an internal standard of performance and effectiveness as an external standard of fit to various demands. In supply chains efficiency improvements are e.g. Just-in Time production while effectiveness is achieved through customer orientation and innovation. The major objective of the study is to evaluate the effective and efficient supply chain management and its impact on the value of a firm. Specific objectives were: to examine the nature of supply chain at Coca cola Company Limited, to ascertain the impact of effectiveness and efficiency on Coca Cola Company Limited, and to identify the challenges in implementing effective and efficient supply chain management. The study revealed that, reliable and valid instrument to measure the extent of collaboration that incorporates information sharing, decision synchronization, and incentive alignment. The item stated can be tailored to the specific relationship to gauge the levels of supply practices and used to identify the gaps that need to be eliminated. The study therefore recommended that, , coca cola should give prominence to supply chain by investing in supply chain, identifying supply chain partners, developing better supply chain strategy and management methods since its contributes greatly to all their activates.
Keywords: Procurement Effectiveness, Efficient Supply Chain management, Value for Management
