THE EFFECT OF COST REDUCTION TECHNIQUES AND PRODUCTIVITY IN MANUFACTURING FIRM
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
Abstract
This work was carried out to appraise the Cost Reduction Techniques and Productivity in a Manufacturing Firm. Cadbury Nigeria Plc. was chosen as a case study. The researcher is assessing the Cost Reduction Techniques and Productivity of Manufacturing Firm. Organization is faced with myriad of challenges. Some of these challenges are unexpected; others are complex issues that must be dealt with at various times in the business cycle. Regardless of whether it is unexpected or a regular challenge, each challenge will include variables that will require creative methods of navigating the complex challenges.
In today's competitive world corporate and businesses are struggling to maintain profits and healthy bottom lines. Cost of production, fuel, raw material and human resources is rising each year. These developments have prompted people to look for Cost reduction Ideas & methods. Those who have opted for focused cost reduction strategies have survived those who could not managed have perished. In recent economic down turn it becomes more important to make cost reduction program a major initiative in industry. Companies are finding it difficult to retain people and are laying off people which are un - precedence in recent history of industrial recession. Companies have to develop its own cost reduction program for savings without cutting jobs.
This research is primarily carried out to identify cost reduction techniques and productivity in manufacturing firms. Furthermore the study will identify factors that inhibit the accuracy of inventory which results in production shortages, premium freight, and often inventory adjustments.
The major issues that inhibit productivity in a firm are incorrect bills of materials, inaccurate cycle counts, un-reported scrap, shipping errors, receiving errors, and production reporting errors.
Information on the subject matter was obtained through extensive review of literature by different authorities and scholars who have carried out similar researches. Survey research design was used to carry out the study. Three hypothesis differences were postulated.
A sample of fifty (50) respondents was randomly selected from the pool of employees in Cadbury Nigeria Plc. they were administered questionnaires from which data was obtained. This data was-analyzed and the three hypotheses were tested. Tables were used for data presentation, simple percentage was used to analyze the data and the chi - square technique was used to test the hypotheses.
Related Project Materials
EFFECT OF MOVIE SCENES ON THE DRESS SENSE OF UNIVERSITY STUDENTS IN NIGERIA(LASU AS A CASE STUDY)
ABSTRACT
This study was carried out on the effect of movie scenes on the dress sense of university stud...
SYNTHESIS, CHARACTERISTICS, OF MIXED LIGAND COMPLEX OF ZN(II) ION WITH 8-HYDROXYQUINOLINE AND BENZOIC ACID
ABSTRACT
This study was carried out to examine synthesis, characteristics, of mixed ligand complex of zn(ii) ion with 8-...
UNEMPLOYMENT PROBLEMS AMONGST GRADUATES OF HIGHER INSTITUTIONS
ABSTRACT
In this research, it is assumed that unemployment is a factor inherent in the nation’s economic system, first because inte...
INCIDENCE OF LOW BIRTH WEIGHT AMONG WOMAN OF CHILD BEARING AGE
ABSTRACT
The broad objective of this study borders on the incidence of low birth weight a...
INVESTIGATING THE EFFECTIVENESS OF INSURANCE AS RISK MANAGEMENT TOOL IN CONSTRUCTION INDUSTRY
Abstract
The nature of construction business is risk versed. Most forms of construction contract recognized the use of i...
EFFECT OF PERIODIC TESTING ON STUDENT ACADEMIC ACHIEVEMENT IN STUDYING ECONOMICS IN SENIOR SECONDARY SCHOOLS
ABSTRACT
The study was undertaken to investigate the effects of Periodic Testing on academic achievement of senior...
CONSTRUCTION OF CELLOPHANE SEALING MACHINE
ABSTRACT
The construction of the cellophane sealing machine was carried out. The...
ASSESSMENT OF WIND ENERGY POTENTIAL FOR ELECTRICAL POWER SUPPLY IN MINNA, NIGER STATE, NIGERIA
ABSTRACT
Electricity is very important and crucial in the development of any economy; Niger State is currently experiencing serious elect...
THE IMPACT OF INTERNATIONAL ACCOUNTING FOR INTELLECTUAL PROPERTY RIGHTS
THE IMPACT OF INTERNATIONAL ACCOUNTING FOR INTELLECTUAL PROPERTY RIGHTS
ABSTRACT
The objectives of this study are to explore (1...
THE INFLUENCE OF NIGERIA ACCOUNTING STANDARD BOARD IN FINANCIAL REPORTING
ABSTRACT
This study was carried out on the influence of Nigeria accounting standard board in financial...
