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
Research Questions
Research Hypotheses
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
ABSTRACT
This study examined the knowledge, perception and attitude of secondary school stud...
Tourism is a critical component of economic growth and cultural exchange, but it is also highly vulnerable to crises, including natural disasters,...
1 Background to the Study
This work attempts to throw more light on costuming an absurd play using Samuel Beckett&...
Abstract
Marriage is part of our daily lives, through marriage new right, roles and new social relation...
Background of the Study
Business sustainability has become a critical area of focus fo...
Background of the Study
Blood transfusion is a critical component of healthcare, especially in cases of trauma, surgery, or anemia. Howev...
ABSTRACT
The secretary plays a very important role in the running of an organization. No matter how skillful and compete...
Abstract
This project is titled the effect of taxation on Nigeria Economic growth. The objective of the...
Background of the Study
Social isolation among the elderly is a significant public health concern, part...
Chapter One: Introduction
1.1 Background of the Study
Food security remains a pressing issue in many rural areas in Nigeria, pa...