Abstract
Information sharing (IS) has been considered a vital aspect of supply chain management practices. However, it is inadequate to induce a significant increment in performance, so there is a need for collaboration within the supply chain network arises. This study seeks to determine the position of Information Sharing (IS) practices and Supply Chain Collaboration (SCC) in Firm Performance (FP). The study emphasizes that firms exchange information because of the competitive influence stemming from the business environment. The study administered questionnaires to manufacturing firms in Ghana with 201 respondents, and the structural equation modeling tested the relationship between IS, SCC, and FP. The results indicate that firms with higher levels of IS and SCC witness high-performance rates. Also, supply chain collaboration can have a direct, positive influence on the performance of firms. The study is limited in scope, which lessens the generalization of the results. This study is unique because it simultaneously examines the role of information sharing on both collaboration and firm performance.
Highlights
Over the years, the essence of competition has evolved to the degree that firms no longer compete against other firms based on quality as traditionally practiced
The study results can be a facilitator for management in the supply chain sector to appreciate the significance of the connection between Information Sharing (IS), Supply Chain Collaboration (SCC), and Firm Performance (FP) measures
The outcomes show that implementation of IS, SCC is significantly connected with FP
Summary
The essence of competition has evolved to the degree that firms no longer compete against other firms based on quality as traditionally practiced. In a typical supply chain system, suppliers and customers are conjoined into one collective business process that traverses the entire chain from the primary source to the final consumer (Nazifa & Ramachandran, 2019) It implies that every single firm depends on other firms to deliver its goods or services to customers (Seggie et al, 2006). The study investigates the connection between information sharing and collaborations within the supply chain networks on firm performance. The research framework classifies the various variables that forecast information sharing including, the level and quality of information sharing It declares that collaboration practice served as the mediator for information sharing and higher firm performance. The fifth and sixth section discusses findings, conclusions, the general implications, and further research
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