Abstract: THE IMPACT OF AUTOMATION ON LABOR COSTS IN NIGERIA'S AUTOMOBILE INDUSTRY
This research investigates the impact of automation on labor costs within Nigeria's automobile industry in Lagos. The study's objectives are to assess how automation affects labor costs, evaluate the benefits and challenges of automation, and identify its overall impact on financial performance. A survey design was used to gather data from 200 financial managers and production supervisors, derived using Taro Yamane's formula. A case study of a major automobile manufacturing company in Lagos provided detailed insights. The reliability coefficient score was 0.86. Findings reveal that automation significantly reduces labor costs by enhancing production efficiency and reducing the need for manual labor. However, challenges such as high initial investment costs and the need for continuous updates were noted. Recommendations include investing in training for workers to manage automated systems, ensuring regular updates of automation technology, and integrating automation with other cost management practices to maximize benefits.
THE IMPACT OF ZERO-BASED BUDGETING ON COST MANAGEMENT
The objectives of this research are to: (1) assess the effectiveness of zero-based...
ABSTRACT
Data Analytics and Visualization for Virtual Simulation. Healthcare organizations attract a diversity of caregivers and pa...
Abstract
This study carried out on availability and use of library resources in training libraries by students, using d...
Background of the study
Migration, both internal and international, has significant importance for coun...
CHAPTER ONE
INTRODUCTION
1.1
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ILLUSION AND REALITY OF PRESS FREEDOM IN ATTAINING A TRUE DEMOCRATIC SYSTEM OF GOVERNMENT IN NIGERIA (A Study of Enugu North)
THE EFFECTS OF PARENTS BACKGROUND ON THE ACADEMIC PERFORMANCE OF STUDENTS IN INTEGRATED SCIENCE IN GAIUS OBASEKI GROUP OF SCHOOL
WOMEN EDUCATION: PROBLEMS AND IMPLICATIONS FOR FAMILY RESPONSIBILITY
THE LOCAL CONTENT LAW AND IT'S EFFECT ON JOB CREATION
DETERMINANTS OF SOFTWARE ADOPTION AND USE FOR AUTOMATION IN ACADEMIC LIBRARY IN ANAMBRA AND EBONYI STATE