ABSTRACT
The research work is concerned on "An Appraisal of the
Effects of cost Reduction Schemes on the performance of Manufacturing
Firms". (The study of Emenite Plc, Adic Plastic and Lano Printing and
Publishing Companies). The researcher in the cause of this research work
employed the use of both historical and survey research design. The historical
research design is for the researcher to review some of the related literature
concerning cost reduction scheme. The survey was to get information from the
respondents concerning cost reduction generally and its effects on the
performance of Emenits Nigeria Plc, Adic Plastic and Lano Printing and
Publishing Companies. Moreso, the researcher adopted the stratified random
sampling in choosing or selecting the population and sample for the study. Data
collected were analyzed and presented with percentage tables and the researcher
made use of research questions. The researcher formulated three hypotheses for
the study, which the researcher used Regression for hypotheses 1, correlation
for hypotheses two and chi-square test for hypothesis three. In view of the
findings made, it is recommended that the management should allow their
subordinate to improve on their creative skills. That sourcing of raw materials
locally increases growth variables such as capacity utilization rate, net
profit, profit turnover and sales volume rather than sourcing raw materials
externally which contributed to high cost of funds and relatively time
consuming which may disrepute production process. The researcher identified
further that lack of skilled technical and managerial staff, the management
inconsistency in policy administration, communication gap and introducing
sudden change pattern in the process of production threatened the security of
the employees and reduce workers moral.
LUCKY-ELEKWACHI, N (2021). An Appraisal Of The Effect Of Cost Reduction Schemes On The Performance Of Manufacturing Firms. Mouau.afribary.org: Retrieved Nov 28, 2024, from https://repository.mouau.edu.ng/work/view/an-appraisal-of-the-effect-of-cost-reduction-schemes-on-the-performance-of-manufacturing-firms-7-2
NKECHINYERE, LUCKY-ELEKWACHI. "An Appraisal Of The Effect Of Cost Reduction Schemes On The Performance Of Manufacturing Firms" Mouau.afribary.org. Mouau.afribary.org, 25 Oct. 2021, https://repository.mouau.edu.ng/work/view/an-appraisal-of-the-effect-of-cost-reduction-schemes-on-the-performance-of-manufacturing-firms-7-2. Accessed 28 Nov. 2024.
NKECHINYERE, LUCKY-ELEKWACHI. "An Appraisal Of The Effect Of Cost Reduction Schemes On The Performance Of Manufacturing Firms". Mouau.afribary.org, Mouau.afribary.org, 25 Oct. 2021. Web. 28 Nov. 2024. < https://repository.mouau.edu.ng/work/view/an-appraisal-of-the-effect-of-cost-reduction-schemes-on-the-performance-of-manufacturing-firms-7-2 >.
NKECHINYERE, LUCKY-ELEKWACHI. "An Appraisal Of The Effect Of Cost Reduction Schemes On The Performance Of Manufacturing Firms" Mouau.afribary.org (2021). Accessed 28 Nov. 2024. https://repository.mouau.edu.ng/work/view/an-appraisal-of-the-effect-of-cost-reduction-schemes-on-the-performance-of-manufacturing-firms-7-2