Vol. 11(3), pp. 77- 84, July 2023 , 2023.

ISSN: 2384-6151

https://doi.org/10.14662/ijebm2022070

 

 

Full Length Research

 

Production Planning and Operational Cost in Brewing Firms in Anambra State

 

Dr. Emmanuel C Dibua, Dr. Rita Anekwe and Mr. Ofobuike Mmaduabuchi Okechukwu

 

1,2&3Department of Business Administration, Nnamdi Azikiwe University Awka, Anambra State  

 

 

 

Accepted 26 July 2023

Abstract

 

This research was carried out to examine the relationship between production planning and operational cost in brewing firms in Anambra. A total number of samples collected from the two brewery firms (Nigeria Breweries Onitsha and SABMiller Plc Onitsha) were 84. The descriptive and inferential statistics were applied in the analysis. The study found that different aspects of manufacturing planning operation cost were adopted and implemented by the organizations studied with average means scores of 3.83 for Material requirement planning system,4.05 for Manufacturing resource planning system, 3.97 for enterprise resource planning and 3.88 Just-ln Time. The study found that the benefits of the implementation of manufacturing planning operation cost systems included reduction in cases of stock outs (Mean 4.13) and easy monitoring of processes from all departments (Mean 4.05) among others. Finally, the findings from correlation analysis showed that operation performance was positively associated with material requirements planning with r0.387, manufacturing resource planning with r0.547, enterprise resource planning with r0.131, Just-In-Time with r-0.086, while the regression analysis revealed that 70.9% of the variations on operation performance can be explained by material requirement planning manufacturing resource planning, enterprise resource planning and just in time. This study implied that, there was not just a relationship between production planning and operational cost, the effective implementation of production planning and cost operation cost will improve the overall growth of the brewery production companies through increased profit.

 

Keywords: Brewery, profit, operation performance, , Production Planning, Operation cost, Resources Planning.

 

Cite This Article As: Dibua, E.C., Anikwe, R., Okechukwu, O.M. (2023). Production Planning and Operational Cost in Brewing Firms in Anambra State. Inter. J. Econ. Bus. Manage. Vol. 11(3), pp. 75- 84, July 2023