| dc.description.abstract | Effective enterprise risk management practices are critical for both private and public
sector organizations to enhance their sustainability. The study is prompted by the
challenges that have been facing KEMSA, including allegations of corruption and
mismanagement of funds. The organization has been accused of irregular procurement
practices, overpricing of medical supplies, and misuse of public funds. The main intention
of this research was to examine enterprise risk management influence on sustainability of
supply chain industry in Kenya. The following specific objectives were used to guide the
study namely to determine the influence of risk identification on sustainability, to examine
the effect of risk assessment on sustainability, to determine the effect of risk response on
sustainability and to establish the effect of risk monitoring and review on sustainability.
The study was anchored on contingency theory and supported by agency theory and
resource-based view theory. An explanatory research design was used in this research. The
population of the study was the 389 employees at KEMSA headquarters in Nairobi. Sample
size was 198 employees stratified according to their departments. Primary data obtained
using questionnaires was collected. The questionnaire's validity and effectiveness was
tested in this study by randomly selecting 20 employees at KEMSA to complete it. The
questionnaires were administered through Google forms. Upon collection of the data, it
was coded in quantitative format so as to enable analysing using version 24 of statistical
package for social sciences (SPSS). Inferential as well as descriptive statistics generated
included frequencies and percentages and simple and multiple linear regression
respectively. Descriptive and inferential statistics generated were presented in tables and
figures. The study revealed a significant positive relationship between risk identification,
risk assessment, risk response, risk monitoring and review and sustainability of supply
chain industry in Kenya. This study concluded that enterprise risk management practices
are essential for KEMSA to use in their endeavour to improve on their sustainability. The
study recommends that KEMSA should enhance risk identification, assessment, response,
and monitoring and review processes, to bolster its sustainability in the supply chain
industry in Kenya. Additionally, ongoing training, performance monitoring, and alignment
with strategic objectives are essential to ensure the sustainability of these enterprise risk
management efforts over the long term. | en_US |
