COST-CONTROL AND COST REDUCTION OF THE NIGERIA BOTTLING COMPANY PLC, ILORIN

  CHAPTER ONE

1.1  INTRODUCTION

This industry developed in Nigeria and West Africa starts as a result of necessities by the colonial masters to process agricultural products obtained in their various territory.

Most of the industries were agro-based and inter minerals resource. Other industries later spring up as a result of one or the other, with the introduction or the co-operation from the organization are directed towards minimizing cost to attain maximum profit.

Therefore, control is not possible without planning and planning without a complementary control system is pointless.

Cost control is concerned with watching the performance of an organization and the control process include the steps of establishing standards and taking measures that such standards are formed with.

Cost control is very essential for improving the efficiency with which to conduct an organization to maximize profit such resultant improvement can be at immense benefit to the consumers who enjoy lower price, shareholders who earn higher returns, employee receive higher wages and government collect more taxes.

1.2   STATEMENT OF THE PROBLEM

Statement and recruitment is a step on management development, which help fundamentally to find and attract potential employees who it successful, eventually full vacant positions.

In management, professionalism developed states of selection  and recruitments which employees in conjunction with other tools of personnel and maintenance of efficient work force and indeed the utilization and the conservation human resources.

Infact a firm working like abundant evidence clearly prove that these tests, all things being equal are creditable predictions of employees job performance.

However, the Nigeria societal immortality and political  influence have created discrepancies in selection procedures through such vies as favoritism and nepotism. These are problems arising from vague description of job by these personnel management, because of these problems, the need for a close up examination of the whole selection process or labour turn-over in Nigeria bottling company plc, become inevitable.

1.3   HISTORICAL BACKGROUND OF THE NIGERIA BOTTLING COMPANY

The Nigeria bottling company limited, the authority companies making up the group of companies. The A.G leventies group of companies has immensely contributed to the socio economic development of Nigeria. It’s headquarters is at Iddo, lagos states. The history of coca-cola company limited can be traced briefly to the history of coca –cola company of the united states of America (U.S.A) which is very old organization.

Coca-cola as a drink was first brewed and sold at soda fountain in Atlanta Georgia, USA in 1904.

In 1806, coca-cola was first made by Dr. John stylla periberton, a pharmacist and the name coca-cola was given by frank M. Rohmson who was Dr peribetor’s partner and book keeper. He also designed the flowing script that distinguishes the famous trade mark. The drink was made know to people through Dr, Perabeton advertising and marketing activities.