Cost management practices of garments industries in Taytay, Rizal calendar year 2016 Kim Philip F. Delorino, Ronamae S. Mallo, Ana Marie E. Valguna

Thesis BSA University of Rizal System, Binangonan 2017

includes bibliographical references

This study intended to determine and evaluate the Cost Management Practices of Garments Industries in Taytay, Rizal Calendar Year 2016. The researchers decided to have 30 out of 117 registered manufacturing businesses in Taytay, Rizal and have their owners/managers/supervisor as the respondents and a questionnaire- checklist was used as the major instrument in collecting data in which One-Way ANOVA was applied. Based on the summary of findings, analysis and interpretation of data, they come up that in relation to respondent's profile, most of the respondents were married females within the age bracket of 51 and above and already are college degree holders and also the owners/managers and having a monthly income of P10,001- P20,000 and P40,001 and above. In terms of business profile, most of the respondents are came from their self-investments have 3 to 8 Years of existence with 6-10 employees, 8 hours of operation and gaining an annual sales of P100,001-300,000 and average production per month of P110,001 and above. In the perception of the respondents with respect to value chain, strategic positioning and cost driver, most of them are highly concerned with "regular inspection on their quality of their products or inventories", they "prefer to provide good quality for goods at lower price" and "proper costing of raw materials to reduce excess cost in production. To sum up, the researchers failed to reject the null hypothesis that there is no significant difference on the respondents' perception based on the respondents' profile and business profile except in terms of educational attainment, monthly income and amount of average production per month. The study proposed recommendations that business owners may maintain checking of the quality of their products/inventories regularly, to establish research and development through customers' feedbacks in order to improve the product quality and provide continued success, they may offer attractive compensation to the most qualified personnel in the operation, they may continue to provide low but quality products for customers continuous demand, and also they may maintain funds allocation for specific purposes/ contingency activities.