The effect of operational cost cutting techniques on finance performance of logistics firms in Zimbabwe: A case of GM Logistics
- Author
- Chitsunge, Shaun T
- Title
-
The effect of operational cost cutting techniques on finance performance of logistics firms in Zimbabwe: A case of GM Logistics
- Abstract
- The study seeks to evaluate the effect of operational cost cutting techniques on financial performance of logistics firms in Zimbabwe. This study used GM Logistics as a case study evaluating the reasons for adoption of cost cutting techniques, an analysis for cost cutting techniques being used by logistics firms, variables affecting how successfully cost reduction techniques are adopted and the correlation between financial performance and operational cost cutting methods in logistics organizations. Interviews and questionnaires where used as data collection methods. In order to carry out this research a targeted population of forty-eight participants was used to conduct the research , a total of thirty-one questionnaires were disbursed to GM Logistics workers and twenty-two questionnaires were returned and this resulted to a seventy one percent response rate. Members were selected using convenience and stratified sampling methods. Five management members were interviewed and they yield a hundred percent response rate. The research findings were presented in the form of tables, graphs and charts. IBM SPSS Statistics and Microsoft excel was used to draw graphs. The study found out that there is a positive correlation between financial performance and operational cost cutting techniques in logistics firm. The research advised logistics firms to employ successful short-term operational cost cutting techniques in order to improve the firm’s financial performance (for example those lasting less than one year).
- Date
- 2023
- Publisher
- BUSE
- Keywords
- Operational cost
- Financial performance
- Supervisor
- N/A
- Item sets
- Department of Accountancy