Performance measurement framework for the oil and gas supply chain
Benchmarking: An International Journal
ISSN: 1463-5771
Article publication date: 23 August 2022
Issue publication date: 1 December 2023
Abstract
Purpose
There is evidence in the literature suggesting the usage of performance measurement framework (PMF) has a positive impact on organisational performance. This is in line with resource based view (RBV) theory, which argues attaining competitive advantage through internal resources and capabilities. In this regard, PMF can be viewed as a “resource” that can be explored in enabling organisational performance. This paper is aimed at developing PMF for the oil and gas supply chain (SC) as a resource and strategic capability.
Design/methodology/approach
Drawing on RBV theory, a questionnaire survey was designed based on prior literature review and exploratory interview with five SC experts. Following this, the questionnaires were distributed to 550 companies in the UK and 120 companies in Malaysia, which resulted in 15% overall response rate.
Findings
This study presents the prevalence of performance measures (PM) for the oil and gas industry based on the level of importance. It also reveals the impact of the usage of PMF on overall organisational performance. In addition, it identifies the challenges in managing SC performance and factors to be considered in choosing PM.
Originality/value
This study identifies the challenges in managing SC performance and establishes distinctive factors to consider when choosing PM in the oil and gas SC.
Keywords
Acknowledgements
M. S. Menhat would like to thank the University of Malaysia Terengganu for the financial support for this research.
Citation
Menhat, M., Yusuf, Y., Gunasekaran, A. and Mohammad, A.M. (2023), "Performance measurement framework for the oil and gas supply chain", Benchmarking: An International Journal, Vol. 30 No. 9, pp. 3168-3193. https://doi.org/10.1108/BIJ-11-2021-0704
Publisher
:Emerald Publishing Limited
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