International Journal of Supply Chain Management
Vol 4, No 4 (2015): International Journal of Supply Chain Management (IJSCM)

Outsourcing Strategies of Mining Industries: An Empirical Evidence from a Developing Nation

John Mensah (Cape Coast Polytechnic, Business School)
Frank Obeng (Business School , Takoradi Polytechnic)
Stephen Kwasi Anim (School of Education, Southern New Hampshire University)



Article Info

Publish Date
30 Dec 2015

Abstract

The future of gold mining depends on continually searching for cheaper and more efficient ways of mining. Businesses, both the private and the public sectors alike are now into outsourcing practices. It is a phenomenon that has seemingly come to stay with the legitimate recognition as a business practices. The main objective of the study is to explore the factors responsible for efficient outsourcing decision in the mining industry in the Sub Saharan Africa. The study is an exploratory case study of Goldfields Ghana Limited-Tarkwa. Out of seventy-three respondents contacted, a total of 55 questionnaires were distributed, and there were 33 usable questionnaires returned. Both descriptive and inferential statistical techniques were employed in analysing data using the SPSS 20. In relation to the Critical Factors for a Successful Outsourcing, the study revealed that a strong agreement was among respondents in favour of benchmarking vendors capabilities and technical excellence as the most important factor to consider prior to any outsourcing decision. Again, it was realized that, the factors that align with meeting the strategic fit of the outsourcer as a critical for outsourcing was predominantly ranked next to the most successful factor. It therefore recommended that, for a successful outsourcing operation, it is important to form contracts so that the supplier acts with the outsourcers best interest in mind. Different contract terms influence the vendors actions, such as their capacity decisions.

Copyrights © 2015






Journal Info

Abbrev

IJSCM

Publisher

Subject

Decision Sciences, Operations Research & Management Engineering Environmental Science Industrial & Manufacturing Engineering Transportation

Description

International Journal of Supply Chain Management (IJSCM) is a peer-reviewed indexed journal, ISSN: 2050-7399 (Online), 2051-3771 (Print), that publishes original, high quality, supply chain management empirical research that will have a significant impact on SCM theory and practice. Manuscripts ...