ABSTRACT
This research was carried out as an
assessment of the effect of cost reduction techniques on the overall
performance of manufacturing companies in Nigeria. A sample size of the 54
manufacturing companies that are quoted on the floor of the Nigerian Stock
Exchange (NSE) was used and Iwo of them 7up Bottling Company Nigeria and PZ
Nigeria Plc were visited to obtain the data needed for the work. To provide
direction to the study, three (3) hypotheses were formulated and attested with
correlation analysis and a paired sample 1-test analysis due to the nature of
the data obtained. The findings made are that reduction of cost was ideni,fied
as one of the indispensable variable means of actualizing the goals of man
ufaciuring firms. Also, manufacturing companies can reduce cost by reducing the
amount they spend on materials and labour. Also ii was discovered thai
manufacturing companies in Nigeria operate a very high cost of production
because of economic instability. The researcher on discussing them recommends
that evemy manufacturing company through its top management should pay
'unreserved attention to the cost of materials used in production. And also proper
system checks and balances should be applied by each department of the company
and most impOrtant godly auditors should be employed to audit the accounts of
the companies regularly.
UGOALA, J (2021). Effect Of Cost Reduction Techniques On The Overall Performance Of Manufacturing Companies In Nigeria . Mouau.afribary.org: Retrieved Nov 26, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-cost-reduction-techniques-on-the-overall-performance-of-manufacturing-companies-in-nigeria-7-2
JUSTICE, UGOALA. "Effect Of Cost Reduction Techniques On The Overall Performance Of Manufacturing Companies In Nigeria " Mouau.afribary.org. Mouau.afribary.org, 07 Jul. 2021, https://repository.mouau.edu.ng/work/view/effect-of-cost-reduction-techniques-on-the-overall-performance-of-manufacturing-companies-in-nigeria-7-2. Accessed 26 Nov. 2024.
JUSTICE, UGOALA. "Effect Of Cost Reduction Techniques On The Overall Performance Of Manufacturing Companies In Nigeria ". Mouau.afribary.org, Mouau.afribary.org, 07 Jul. 2021. Web. 26 Nov. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-cost-reduction-techniques-on-the-overall-performance-of-manufacturing-companies-in-nigeria-7-2 >.
JUSTICE, UGOALA. "Effect Of Cost Reduction Techniques On The Overall Performance Of Manufacturing Companies In Nigeria " Mouau.afribary.org (2021). Accessed 26 Nov. 2024. https://repository.mouau.edu.ng/work/view/effect-of-cost-reduction-techniques-on-the-overall-performance-of-manufacturing-companies-in-nigeria-7-2