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The role of managerial accounting in optimizing supply chain costs: A case study of Dangote Cement Plc

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Background of the Study
Managerial accounting plays a vital role in optimizing supply chain costs by providing financial insights and decision-support tools that enable organizations to minimize expenses and improve operational efficiency. In industries with complex supply chains, such as cement manufacturing, efficient management of supply chain costs is crucial for maintaining profitability and competitiveness. Dangote Cement Plc, one of the largest cement manufacturers in Nigeria and Africa, operates an extensive supply chain that includes raw material procurement, transportation, production, and distribution (Akinloye & Bello, 2023). The company’s supply chain is integral to its overall operations, as any inefficiency or increase in cost can have a significant impact on its financial performance. Managerial accounting techniques, including cost analysis, budgeting, and variance analysis, are essential for identifying areas where supply chain costs can be reduced. These techniques also help Dangote Cement track performance against targets and make informed decisions to optimize resource allocation and minimize waste (Okafor et al., 2024). However, despite the application of managerial accounting, Dangote Cement Plc faces challenges in balancing cost reduction with maintaining product quality and ensuring timely deliveries. This study aims to explore the role of managerial accounting in optimizing supply chain costs at Dangote Cement Plc.

Statement of the Problem
Dangote Cement Plc, while being a leader in the cement industry, faces significant challenges in managing the complexities of its supply chain. Supply chain costs constitute a substantial portion of the company’s overall expenses, and inefficient management of these costs can lead to reduced profitability. While managerial accounting tools can support cost management, the company may still face issues with cost overruns, delays in supply chain activities, and difficulties in forecasting demand accurately. The study aims to assess how managerial accounting contributes to optimizing supply chain costs at Dangote Cement and identify areas for improvement.

Objectives of the Study

  1. To examine the role of managerial accounting in managing and optimizing supply chain costs at Dangote Cement Plc.
  2. To evaluate the effectiveness of managerial accounting tools in reducing supply chain costs at Dangote Cement Plc.
  3. To recommend strategies for enhancing the role of managerial accounting in optimizing supply chain costs at Dangote Cement Plc.

Research Questions

  1. How does managerial accounting contribute to the optimization of supply chain costs at Dangote Cement Plc?
  2. What are the key managerial accounting tools used by Dangote Cement Plc to manage supply chain costs?
  3. How can Dangote Cement Plc improve its managerial accounting practices to further reduce supply chain costs?

Research Hypotheses

  1. Managerial accounting significantly contributes to the optimization of supply chain costs at Dangote Cement Plc.
  2. The application of cost analysis and budgeting in managerial accounting leads to a reduction in supply chain costs at Dangote Cement Plc.
  3. Strengthening managerial accounting practices will further optimize supply chain costs at Dangote Cement Plc.

Scope and Limitations of the Study
This study will focus on Dangote Cement Plc and evaluate its use of managerial accounting in optimizing supply chain costs. Data will be collected from internal reports, financial records, and interviews with key personnel in the supply chain and finance departments. Limitations include potential challenges in accessing confidential cost data and the need for a thorough understanding of Dangote’s complex supply chain operations.

Definitions of Terms

  • Managerial Accounting: The practice of using financial and non-financial data to assist in decision-making, performance evaluation, and resource allocation within an organization.
  • Supply Chain Costs: The total costs incurred in the production and distribution of goods, including procurement, transportation, inventory management, and distribution costs.
  • Cost Optimization: The process of reducing costs while maintaining or improving the quality and efficiency of operations.




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