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.
ABSTRACT
This research work is undertaken with a view of investigating the strategies for improving student’s acad...
ABSTRACT
This work tries to examine the impact of minimum wages on workers’ productivity in Nigeria. The study was...
ABSTRACT
In this study, our focus was to carryout a critical analysis on the factors affecting adoptio...
ABSTRACT
The researcher chose to research on this topic “Computer Based Census Management System” because of its relevance to...
ABSTRACT
The primary objective of this study is to assess the broadcast media in the campaign agai...
EXCERPT FROM THE STUDY
Child abuse can be seen as any act of omission or commission, physical or psychological maltreatm...
Abstract: THE ROLE OF FINANCIAL MANAGEMENT IN THE SUCCESS OF STARTUPS
This study examines the role of financial management in the success...
BACKGROUND TO STUDY
As modernity unravels, with its awe-inspiring issues and potential, the subject of marketing is gett...
INTRODUCTION
The African Union (AU) was established in 2001 to replace the Organization of African Unity (...
Abstract
Treasury Single Account (TSA) policy in Nigeria is a government accounting system under which all government re...