Research Article Open Access Double-Blind Peer Review

LEVERAGING LEARNING CURVE THEORY FOR COST REDUCTION IN NIGERIA’S SMALL-SCALE MANUFACTURING SECTOR

Chijioke Nnamdi Okeke·Ifeoma Adaobi Umeh
Published 05 February 2025
Vol. 11, No. 2 (2023)
pp. 1-17
CC BY 4.0
  1. 1
    Chijioke Nnamdi Okeke
    Department of Industrial Engineering, Nnamdi Azikiwe University, Awka, Anambra State, Nigeria
    NG
  2. 2
    Ifeoma Adaobi Umeh
    Faculty of Engineering, Nnamdi Azikiwe University, Awka, Anambra State, Nigeria
    NG

The study examined whether cost control improvements can be achieved by applying learning curve theory in small scale manufacturing firms in Nigeria. The specific objective was to determine the extent to which production team expertise and product quality control enhance cost savings among small scale manufacturing firms in Nigeria. The study adopted descriptive survey design on a population of 493 strategic management staff working full time in small scale manufacturing companies in Nigeria. Taro-Yamane (1964) formula for sample size was used to obtain a sample size of 221 respondents that participated in the survey. Primary data were collected using electronic questionnaires administered to 221 staff of the study sample. The two (2) null hypotheses that were formulated were tested using Spearman Correlation Coefficient with the aid of Statistical Package for Social Sciences (SPSS) V. 25. The study found that: production team expertise significantly contributes to cost savings among small scale manufacturing firms in Nigeria (p-value = 0.000); product quality control significantly influences cost savings among small scale manufacturing firms in Nigeria (p-value = 0.000). In conclusion, developing production team expertise, and focusing on product quality control enable firms to enhance their cost control efforts. The study recommends that small scale manufacturing firms should invest in training and development programs to enhance the expertise and skills of production teams in manufacturing firms in Nigeria as well as provide opportunities for team members to learn about process optimization, waste reduction, and resource utilization

JournalBusiness and Management Sciences Journal
ISSN3064-8424
Volume / IssueVol. 11, No. 2 (2023)
Pages1-17
Published05 February 2025
Access Open Access
LicenseCC BY 4.0 — reuse with attribution
PublisherKeith Publications
Okeke, C., Umeh, I. (2025). LEVERAGING LEARNING CURVE THEORY FOR COST REDUCTION IN NIGERIA’S SMALL-SCALE MANUFACTURING SECTOR. Business and Management Sciences Journal, Vol. 11 No. 2, pp. 1-17

 Submit Your Research to Business and Management Sciences Journal

We invite original research articles, review papers, and case studies. Benefit from rigorous double-blind peer review, rapid decision within 4–8 weeks, DOI for every article, and worldwide open-access distribution.