RSCP7004 - Procurement Challenges in China and Nigeria: A Study

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This presentation provides a comparative analysis of procurement challenges in the emerging markets of China and Nigeria. It explores the issues related to sourcing and supply chain management, highlighting the impact of operational costs and risks. The research objectives include evaluating the various approaches businesses can use to strengthen their supply chain networks and recommending measures to overcome procurement challenges and maintain a flexible and agile supply chain. The methodology involves a descriptive research design using both quantitative and qualitative data collected through surveys and interviews. The findings are analyzed using SPSS. The presentation also discusses the ethical considerations of the research and concludes with the importance of the study for future dissertation work. It also provides a timeline and a list of cited literature. The assignment is relevant as it is something new and unique and it focuses on the procurement and supply chain aspects here.
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Research skills and
consultancy project
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Background
The research conducts a comparative analysis of Procurement Challenges in
emerging markets of Nigeria and China
The research study highlights the various procurement challenges that are
faced in China and Nigeria based on the size and nature of industry along
with the operations in each countries
The procurement strategies and approaches are implemented for ensuring
reduction of costs associated with the production of products along with
management of timely delivery of goods and services
The background of research also highlights the importance of balancing the
demands and supply in the emerging markets, furthermore play a major role
in the global economy too
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Problem of research
The research rationale demonstrates the problem of research, i.e., the
various procurement problems faced within the emerging markets
There also can be issues and challenges associated with the management of
supply chains for sustenance of economic and social value in Nigeria
At China, the major procurement challenges include non-wage labour costs,
market saturation and even rise in prices of products
Considering the problem of research, the volatile and disruptive business
landscape have also resulted in the need for a flexible and agile supply chain
network design, which can be a major challenge too
The uncertainty of supply chain lines often require larger inventories, which
also increases costs and reduces the return rate.
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Research objectives
To conduct a comparative analysis about the procurement
challenges faced in the emerging markets of China and Nigeria
To evaluate the various ways or approaches by which the
businesses can strengthen the supply chain networks in both
China and Nigeria
To recommend necessary measures for overcoming the
procurement challenges and issues, furthermore maintain a
flexible and agile supply chain network.
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Research questions
How can the analysis of procurement challenges within the
emerging markets of China and Nigeria be compared?
What are the various approaches managed to by the businesses
in these two countries to ensure management of proper supply
chains along with better sourcing and funding related aspects
too?
What are the most suitable measures recommended to overcome
the procurement challenges associated with the emerging
markets in China and Nigeria?
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Literature Review
According to Williamson and Yin (2014), the procurement
challenges are associated with the sourcing and management of
supply chains while sustaining within the emerging markets
The costs of managing the logistics and supply chain also increased
within the emerging markets, which further increased the risks of
acquiring new suppliers
As stated by Rauch et al. (2016), the selection of the right agents
for sourcing became much more challenging as well as difficult
considering the rise in operational costs and risks associated with it
Without proper assessment of procurement strategies and supply
chain approaches, there could also be risks related to the
management of corporate governance.
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Methodology
The descriptive design would allow for assessment of existing theories and
concepts and ensure conducting the research in a detailed manner
The random sampling could be used for the collection of quantitative data
while the non-probability convenient sampling should allow for collection of
qualitative data
The sample size could be considered as 30 respondents and 4 managers
The quantitative and qualitative data constitute the primary data
The secondary data should be collected by assessing various secondary
sources including journals, articles, newspapers and websites
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Methodology (continued…..)
The survey questionnaires would be distributed to the
respondents for gathering their responses, considered as
quantitative data
The managers are interviewed based on their convenient time
schedule and their responses would be recorded as qualitative
data
The data and information should be destroyed after completion of
research to prevent unauthorised access to data
The analysis could be done with the help of SPSS tool for
representing the data and information in graphical formats and in
tables
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Research design (Ethical aspects)
The identity of respondents must be kept confidential for
ensuring prevention of loss of data and information
The research participants should be informed about the research
and none of them should be forced to take part in the research
The use of authenticated journals and articles should maintain
accuracy and authenticity of data too.
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Conclusion
The research would be important because it should allow the
researcher to comparatively analyse and compare between the
procurement challenges in emerging markets of China and
Nigeria
The research methods would be understood, which should
facilitate the purpose of doing a dissertation in the future
Lastly, the topic is relevant as it is something new and unique
and it focuses on the procurement and supply chain aspects here
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Time Line
Main activities/ stages Month
July
Month
Aug
Month
Sep
Month
Oct
Month
Nov
Month
Dec
Selection of topic
Collecting data from secondary sources
Constructing the research layout
Literature review
Development of research Plan
Selection of Appropriate Research Techniques
Primary data collection
Analysis & Interpretation of Data which are collected
Conclusion
Development of Draft
Final Work submission
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Bibliography
Ehlers, T., 2014. Understanding the challenges for infrastructure finance.
Danzon, P.M., Mulcahy, A.W. and Towse, A.K., 2015. Pharmaceutical pricing in
emerging markets: effects of income, competition, and procurement. Health
economics, 24(2), pp.238-252.
Caldwell, N. and Howard, M., 2014. Contracting for complex performance in
markets of few buyers and sellers: the case of military procurement. International
Journal of Operations & Production Management, 34(2), pp.270-294.
Williamson, P.J. and Yin, E., 2014. Accelerated innovation: The new challenge from
China. MIT Sloan Management Review, 55(4), p.27.
Rauch, E., Dallasega, P. and Matt, D.T., 2016. Sustainable production in emerging
markets through Distributed Manufacturing Systems (DMS). Journal of Cleaner
Production, 135, pp.127-138.
Khan, A.G., 2016. Electronic commerce: A study on benefits and challenges in an
emerging economy. Global Journal of Management and Business Research.
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