The impact of risk management in mitigation against supply chain breakdowns in public procurement.
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The purpose of this is to assess the investigate the impact of risk management in mitigation against supply chain breakdowns in public sector procurement, at Bindura University of Science Education during the period of 2018 to 2019. Increasing in number of the natural disasters and having global supply chains to a larger extent are the factors which have increased the number of risks that are affecting organization’ supply chains negatively. This fact has made it even more important to focus on risk management in supply chain. This study used a sample of 15 employees drawn from the whole population of Bindura University of Science Education’s Workers. Primary Data was acquired by the way of questionnaires and interviews as the research instruments and some of the risks that were identified were delays and supply disruptions by suppliers, delays, inventory and capacity lacks of Bindura University of Science Education. Data was thereafter presented in form of pie charts, tables and graphs. Data was analysed using a blend of qualitative and quantitative data analysing methods. The study found that risk management is very important in the supply chains of public sector organizations because of the interconnectedness of the firms in the networks such that risks are passed onto another firm is it has been occurred. Some of the actions recommended to perform are concluded to be, adopt some of the mitigation strategies that are effective enough to avoid supply chain breakdowns and implement some of the policies and frameworks that are directly linked with risk management and avoiding supply chains of Bindura University of Science Education. The structure of this research study has acted as a basis for the recommended way of continuing the risk management work at Bindura University. The researcher has therefore identified the importance of keeping the risk management process dynamic.
- Department of Economics