The Impact of Strategic Sourcing and Supplier Selection on the Operations of Goldfields Ghana Limited, Tarkwa Mine

Abstract

This master’s thesis main objective of the study is to examine the impact of strategic sourcing and supplier selection on the operations of Goldfields Ghana Limited. To reach this objective, we seek to examine the impact of strategic sourcing and supplier selection on the operations of Goldfields Ghana Limited, Tarkwa Mine. This research was purposely a survey which employed mixed approach; structured questionnaire was developed, pre-tested and personally administered to the target population of Mantrac, Sandvik, AEL, DHL, and Goldfields Ghana Limited, Tarkwa Mine, Supply Chain and Logistics Officers. Out of one hundred (100) questionnaires that were distributed, thirty-five (35) were returned. SPSS was used in the analyses of the responses. Based on an objective analysis of the obtained data, the major findings depict that the current sourcing at Goldfields Ghana Limited, Tarkwa Mine is multiple. Supplies are purchased both locally and internationally. Supplies decisions are based on price and quality of the materials; and how best to meet sustainability requirements.   Total quality management is an essential tool in the supply chain and logistics operations. Both buyer and seller -firms consider building relationships in supplier selections in the areas of: finding the right supplier to deliver the materials at the right time, quality of the products, monioring and evaluation, specification, and vendor rating.

Keywords:  Strategic Sourcing, Supplier Selection, Strategic  Operations

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