0704-883-0675     |      dataprojectng@gmail.com

THE ROLE OF COST MANAGEMENT IN SUPPLY CHAIN OPTIMIZATION

  • 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 ROLE OF COST MANAGEMENT IN SUPPLY CHAIN OPTIMIZATION

This study investigates the role of cost management in supply chain optimization by addressing: (1) the impact of cost management on supply chain efficiency; (2) the strategies for reducing supply chain costs; (3) the challenges in implementing cost management practices in the supply chain. A survey research design is used to collect quantitative data from a broad population. Taro Yamane's formula is applied to derive a sample size of 320 respondents from Lagos, encompassing various industries with complex supply chains. A logistics company is chosen as the case study due to its dependence on efficient cost management for operational success. The reliability coefficient of the survey instrument is 0.85. Findings indicate that effective cost management significantly enhances supply chain efficiency by reducing waste and optimizing resource use. Techniques such as inventory management, strategic sourcing, and transportation cost reduction are highlighted. It is recommended that businesses develop a robust cost management framework for their supply chains, invest in technology for better visibility and control, and continuously monitor and adjust their cost management practices to maintain efficiency.





Related Project Materials

THE ANALYSIS OF FEDERAL GOVERNMENT EFFORT TOWARDS CASSAVA PRODUCTION (A CASE STUDY OF NKANU EAST LGA ENUGU STATE)

ABSTRACT

The purpose of this study was to find out the analysis  of Federal Government effort  towards cassava...

Read more
INFLUENCE OF USER EDUCATION ON LIBRARY USAGE AMONG STUDENTS OF COLLEGES OF EDUCATION IN SOUTH-SOUTH, NIGERIA

ABS T R A C T

This study examined influence of user education on library usage among students of colleges of education i...

Read more
The role of legislature in impeachment proceeding under the 1999 constitution of Nigeria Faculty of Law

Background to the study

The Constitution of Nigeria clearly ensures the separation of powers as an underlining principle...

Read more
IMPACT OF BANK CHARGES ON CUSTOMER SAVING HABIT A CASE STUDY OF UNION BANK PLC

BACKGROUND OF THE STUDY

CBN is solely responsible for regulating the operations of financial firms and...

Read more
THE EFFECTS OF LANGUAGE DIVERSITY ON NATIONAL DEVELOPMENT

 

ABSTRACT

This research work focuses on the Effect of Language Diversity on National Develo...

Read more
PHYTOCHEMICAL AND ANTIMICROBIAL STUDIES OF THE LEAVES EXTRACT OF PILIOSTIGMA THONNINGII SCHUM Milne - Redh (FABACEAE)

ABSTRACT

The plant Piliostigma thonningii which is used in ethno - medicine for the treatment of wounds, ulcers and gingivitis was invest...

Read more
INFLUENCE OF EARLY CHILDHOOD EDUCATION ON CLIMATE CHANGE AWARENESS

ABSTRACT: This research explores the influence of early childhood education on climate change awareness among young children. Objectives inclu...

Read more
KNOWLEDGE OF CAUSES AND PREVENTION OF CORONAVIRUS (COVID-19) AMONG STUDENT OF ABIA STATE UNIVERSITY

Abstract

Since the outbreak of 2019 novel coronavirus infection (2019-nCoV) in Wuhan City, China, by January 30, 2020, a...

Read more
THE PROBLEMS AND PROSPECTS OF COMPANY INCOME TAX ADMINISTRATION IN NIGERIA

STATEMENT OF PROBLEMS.  

The tax administration (collection and assessment of tax from companies is a difficult task. The assessment...

Read more
NOISE POLLUTION AND COMMUNICATION INTERVENTION INITIATIVES- A STUDY OF ONITSHA AND OGBETE MAIN MARKETS TRADERS’ AWARENESS AND KNOWLEDGE OF HEALTH RISKS AND ACTION

Background of the Study

Noise pollution is an environmental issue that is rapidly increasing in most parts of the world and it is capable...

Read more
Share this page with your friends




whatsapp