Technological Innovations, Enterpreneurial Innovativeness, and Supply Chain Management of Some Selected Smes in Lagos State. Nigeria

Authors- Dr. Adeniran, Rahmon Tella, Dr. Salau Nurudeen Adeyemi, Professor Adewoye Jonathan Oyerinde

Abstract-The emergence of COVID-19 and other global challenges have compelled Small Medium and Enterprises (SMEs’) globally to be technologically inclined in all their operations, supply chain inclusive, to enhance their development and competitive edge. Thus, the study examined the impact of technological innovation and supply chain management on selected SMEs in Lagos State. The objectives were to determine the relationship between technological innovation variables (i.e. marketing innovation, transportation technology, and information technology) and supply chain efficiency of SMSs in Lagos State and determine to what extent entrepreneurial innovativeness moderates the effect of technological innovations on supply chain efficiency. The sample size was 30 carefully selected SMEs in the manufacturing sector, representing 10 SMEs each from the three senatorial zones in Lagos State., Out of 150 questionees distributed, only one hundred and twenty-three (123) respondents duly completed their instruments, while PPMCC was used to analyse the hypotheses. The study revealed that technological innovations as measured by marketing, transportation, and information technology have a significant relationship with supply chain efficiency as measured by inventory turnover and transportation costs. It also revealed that entrepreneurial innovativeness significantly moderates the relationship between technological innovations and the supply chain efficiency of SMEs. The study concluded that technological innovations are critical to supply chain efficiency. Hence, the study recommended that SMEs adopt all necessary innovations to further improve their supply chain management and invest in robust technological innovation to enhance the supply chain capacity.

DOI: /10.61463/ijset.vol.12.issue3.188