The effects of covid-19 on supply chain efficiency. A case study of Freda Rebecca Gold Mine (FRGM).
- Author
- NJARAVA TRYPHINE FARIRAI
- Title
- The effects of covid-19 on supply chain efficiency. A case study of Freda Rebecca Gold Mine (FRGM).
- Abstract
- This study looks into how the COVID-19 epidemic has affected the Freda Rebecca Gold Mine's (FRGM) supply chain efficiency in Zimbabwe. A purposeful and basic random sample strategy was utilised in the study to create a 54-person population at the mine. Information was gathered via interviews and questionnaires. The analysis lists the different supply chain hiccups brought on by the epidemic, including shortages of raw materials, reduced productivity, workforce shortages, price fluctuations, longer lead times, poor product quality, poor communication with suppliers, transportation failures and delays, storage and access disruptions, port congestion and lack of flexibility. The study's objective is to investigate the tactics used by FRGM to handle these disturbances in more detail, such as electronic procurement, collaboration with suppliers, buffer stock, value chain optimization, incorporating departments into the collective innovation system, supplier development, reinforcing communication across the supply chain, new training and response programs, local sourcing, early supplier involvement, including partners in risk planning, diversifying the supply base, insourcing and transparency with partners. In addition, the research identifies the most effective strategies implemented by FRGM as; implementation of remote work arrangements, electronic procurement, investment in employee training and development, enhancing communication and collaboration and diversification of the supplier base. Tables, graphs, and pie charts are produced using information gathered from several mine departments. The study ends with suggestions for building a strong supply chain efficiency at FRGM. These include putting in place a comprehensive risk management plan, expanding supplier diversity and forming strategic alliances, investing in digital technologies, streamlining inventory control, creating an agile and flexible supply chain, improving teamwork and communication, funding staff development, and putting in place cost-cutting measures. As a result, this study advances knowledge about how COVID-19 affects supply chain effectiveness and offers insightful advice to mining firms looking to lessen the pandemic's detrimental consequences.
- Date
- 2024
- Publisher
- BUSE
- Keywords
- covid-19
- supply chain
- Supervisor
- Mr. Chigusiwa
- Item sets
- Department of Economics
- Media
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NJARAVA TRYPHINE FARIRAI
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