AbstractThe oil industry is considered to be a major industry as it provides energy to all other industries. This industry is exposed to various risks due to extreme circumstances, such as remote area locations, harsh environment, equipment, and functional engineering materials that are exclusively manufactured for this industry. All of these circumstances can disrupt and threaten the existences of the industry.
This is where risk management and supply chain risk management is vitally needed by researchers and practitioners. Therefore, the assessment and prediction of the impact of risks on the procurement operation performance of projects is a very challenging task. As a result of this, many projects in the Libyan oil industry and worldwide are still suffering from the impact of these risks. The aspect of risk in supply chain management is underdeveloped on the body of literature, and very few studies have addressed this issue due to its confidentiality.
The purpose of this research is to investigate the role of supply-chain risk management in the Libyan oil industry and to understand how procurement practitioners assess supply chain risk management to achieve smooth procurement operations. The author derives a set of propositions and preliminary results which contribute to developing strategies to identify and mitigate those risks. Hence, the contribution to knowledge is to investigate these issues within the Libyan oil industry and also to develop a framework that can be used as a risk management supporting tool.
Qualitative and quantitative (triangulation) were adopted for this research. This comprised of the investigation of 65 out of 93 Libyan procurement practitioners, as well as interviews of which 9 Libyan procurement practitioners participated.
This research finds that service providers and contractor companies are the highest percentage within stakeholders, who are practising supply risk management techniques. However, this percentage is still low within its group.
This research also identifies types of risks that majorly affect the performance of procurement operations, such as purchasing clone parts. Thus, providing valuable information for particular stages of response planning. It also explores how the consideration of risk management can reshape supply chain management. Moreover, a Procurement Risk Management Framework (PRMF) that has been developed and empirically validated.
|Date of Award
|Abdussalam Shibani (Supervisor), Anthony Olomolaiye (Supervisor) & Andrew Arewa (Supervisor)