STAP International Journal of Accounting and Business Intelligence

ISSN: 3105-3726

Exploring the Influence of Supplier Management on Supply Chain Flexibility

by 

Abdallah O. Mohmmad ALHusban ;

Ahmad Omar Hardan

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Published: 2024/02/12

Abstract

The aim of this study was to investigate the influence of supplier management (supplier quality improvement, trust-based relationship with suppliers, supplier lead time reduction, supplier collaboration and supplier development) on supply chain flexibility (products various sizes, products various types, and rapid product improvement) at Jordanian industrial companies The study was conducted on 33 industrial companies listed on the Amman Stock Exchange. The analysis unit includes of managers working at the top and mid-level management of targeted companies. A questionnaire was developed to collect the data required for the study. A total of 165 questionnaires were distributed, whereas 155 were retrieved and deemed suitable for further analysis; the data collected was analyzed using various statistical techniques, such as descriptive statistics, construct reliability and validity, ensuring discriminant validity, as well as multiple and simple regressions through the SMART PLS. The study results show that there is a significant statistical influence of supplier management on supply chain flexibility at Jordanian industrial companies. Based on the study findings, several key recommendations are offered to enhance the competitiveness of Jordanian industrial companies in the industrial sector. Most notably, it is essential to adopt innovative approaches that capitalize on advanced methodologies, including supplier management, and supply chain flexibility. By integrating these elements into their strategic planning, companies can better leverage their outputs to achieve and sustain a competitive advantage. Emphasizing these factors in future plans will not only optimize operational efficiency but also position the companies as leaders in a rapidly evolving market landscape especially benefiting from the era of artificial intelligence.

Keywords

Supplier managementsupply chain flexibility Jordanian industrial companies

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