The Effect of Outsourcing on Risk Factors in Red Meat Industry of Pakistan
Munawar, S.S. and Siddiqui, D. A. (2018). The Effect of Outsourcing on Risk Factors in Red Meat Industry of Pakistan. European Academic Research, 6(8), 4804-4832
29 Pages Posted: 24 May 2019 Last revised: 10 May 2022
Date Written: 2018
Abstract
The aim of the study is to determine how outsourcing along with other factors impact risk in red meat industry of Pakistan. The factors chosen for this study were outsourcing, product variety, cost reduction, supply chain performance and product quality. Data is collected from 50 respondents through survey questionnaire in Karachi, Pakistan. From the results, it is evident that among all the independent variables, only outsourcing, cost reduction and supply chain performance significantly impact the risk in red meat industry of Pakistan. Furthermore, supply chain and cost reduction positively impact the risk while outsourcing negatively impact the risk. It is recommended to improve the efficiency of supply chain by focusing on quality control procedures such as Kaizen or Six-Sigma in order to enhance supply chain efficiency positively mitigating the risk factor in this particular industry.
Keywords: outsourcing, risk factors, supply chain, red meat industry
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