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| Examining the Role of Logistics and Supply Chain Management in the Enhancement of Small and Medium Enterprises (SMEs) in Nigeria |
Amaje, James Ojonile
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Abstract:
The strategic role of logistics and Supply Chain Management (SCM) in any business cannot be overemphasized. The place of small and medium enterprises in an economy globally has remained one the key factors for the economic growth and development of any country. The paper examines the role of logistics and supply chain management in the enhancement of Small and Medium Enterprises (SMEs) in Nigeria. The paper applies Value Chain Theory. Methodologically, qualitative research method is used. A combination of descriptive and narrative research design is applied based on secondary data. The paper among things the logistics and supply chain industry is key to guaranteeing the competitiveness of companies in Nigeria in general and SMEs in particular. The sector has remarkable growth potential and principally acts as a motor of private sector development and economic growth. One of the recommendations of the paper is that SMEs need to be encouraged to utilize their logistics and SCM capabilities and cooperative relationship to access the latest technology, materials, process and other methods of innovation which will make them functional in business societies.
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