Risk management strategies of bakery operation in Buhi, Camarines Sur / Edison P. Curiana, Kirsten Isabel O. Felices, John Ely Mark S. Huit, and Ma. Socorro B. Igana.

Undergraduate Thesis (BSOA)-Office Administration. Camarines Sur Polytechnic Colleges, 2025.

Includes bibliographical references.

This study examines the risk management strategies of family-owned bakery operations in Buhi, Camarines Sur, focusing on the operational risks which affect their ability to operate, productivity, and overall sustainability. The study identifies common risks connected to procurement of supplies, production, marketing, inventory management, financial management, customer service relations, and quality control. Through a mixed-method approach, survey questionnaire were used to collect quantitative data from bakery owners and employees, while informal interviews were used to get qualitative information on the bakeries' actual decision-making process. Results showed that bakeries often encounter issues like fluctuating ingredient prices, inconsistent supplier availability, equipment breakdowns, production delays, hygiene issues, and limited financial planning. Despite these risks, bakery owners often rely on actual strategies like keeping backup suppliers, managing production schedules, adopting basic hygiene procedures, and reducing waste. This study is guided by Herbert Simon's Theory of Bounded Rationality, the theory explains that bakery owners often make decisions despite limited resources, time, and information often resulting in "good enough" solutions. It shows why their local bakery operations rely on quick and adaptable strategies. Based on identified challenges, and action plan was created to improve risk reduction, workplace safety, sanitation, waste management, and monitoring systems. These findings help bakery owners, suppliers, policymakers, researchers, and future researchers, supporting the continual growth of bakeries in Buhi, Camarines Sur.