THE IMPACT OF COST MANAGEMENT STRATEGIES FOR MANUFACTURING INDUSTRIES
- Project Research
- 1-5 Chapters
- Quantitative
- Simple Percentage
- Abstract : Available
- Table of Content: Available
- Reference Style: Available
- Recommended for : Student Researchers
- NGN 3000
Abstract: THE IMPACT OF COST MANAGEMENT STRATEGIES FOR MANUFACTURING INDUSTRIES
This research explores the impact of various cost management strategies on the performance of manufacturing industries in Port Harcourt. The study's objectives are to identify the most effective cost management strategies, assess their impact on financial performance, and evaluate the challenges in their implementation. A survey design was employed, with data collected from 300 manufacturing executives, calculated using Taro Yamane's formula. A case study of a major manufacturing company in Port Harcourt provided comprehensive insights. The reliability coefficient score was 0.87. Findings indicate that effective cost management strategies, such as lean manufacturing and total quality management, significantly enhance financial performance by reducing waste and improving efficiency. However, challenges such as resistance to change and high implementation costs were identified. Recommendations include providing more training and support for implementing cost management strategies and enhancing collaboration across departments to ensure successful adoption.
Related Project Materials
THE IMPACT OF MONETARY POLICY ON INDUSTRIAL GROWTH IN NIGERIA
ABSTRACT
This study empirically examines the Impact of Monetary Policy on Industrial Growth in Nigerian...
AN INVESTIGATION OF OPERATIONAL PROBLEMS FACING MICRO FINANCE BANK
BACKGROUND OF STUDY
Nigeria is a country rich in natural and human resources, with a population...
EFFECT OF LAND USE ACT ON PROPERTY DEVELOPMENT IN NIGERIA
ABSTRACT
Real estate development and use of land are prompted primarily by the products and satisfaction that could be derived therefrom....
THE ROLE OF VOCATIONAL EDUCATION IN SUSTAINABLE DEVELOPMENT GOALS
ABSTRACT: This study investigates the role of vocational education in achieving Sustainable...
AN ASSESSMENT OF THE THE PRESENT JUDICIARY SYSTEM OF NIGERIA IN DECIDING ELECTION CASES
Background of the study
The judiciary, among these organs, is an indispensable organ that balances the...
THE ROLE OF DIGITAL TRANSFORMATION IN PRODUCT DEVELOPMENT
THE ROLE OF DIGITAL TRANSFORMATION IN PRODUCT DEVELOPMENT
This research aims to: (1) analyze the role of digital transformation in produc...
INFLUENCE OF LEADERSHIP STYLES OF PRINCIPALS ON TEACHERS’ COMMITMENT TO WORK IN SECONDARY SCHOOLS IN NIGERIA
Background to the Study
Educational institutions are significant places where next generations are assembled for trainin...
INNOVATIONS IN VOCATIONAL EDUCATION FOR 5G TECHNOLOGY CAREERS
ABSTRACT: Innovations in vocational education for 5G technology careers are essential for preparing students to meet the demands of the next-g...
INVESTIGATING THE BENEFITS OF EARLY CHILDHOOD DRAMA PROGRAMS ON COMMUNICATION SKILLS
ABSTRACT: This study Investigated the Benefits of Early Childhood Drama Programs on Communication Skills. The obj...
AN ASSESSMENT OF TAX PLANNING STRATEGIES FOR PUBLIC ACCOUNTING CLIENTS
AN ASSESSMENT OF TAX PLANNING STRATEGIES FOR PUBLIC ACCOUNTING CLIENTS
The objectives of this study are to: 1) Evaluate...
