| Abstract: | This study assesses the cost management practices and challenges faced by Yibelu Mossiewa
Private Freight Transport, located in Lideta Sub-city, Woreda 9, Addis Ababa, Ethiopia. The
research aims to evaluate the company's approach to controlling operational costs and identify
the challenges limiting its efficiency and profitability. A mixed-method research design was
employed, incorporating quantitative data collected through financial records and qualitative
insights from structured interviews with management and staff. The findings reveal that while the
company has basic cost management systems; these are largely informal and lack strategic
planning. Key challenges include rising fuel prices, inadequate record-keeping, limited expertise
in cost management, and external factors such as regulatory changes. These issues significantly
hinder the company’s operational efficiency and financial performance.The study concludes that
adopting structured cost management practices, such as automated accounting systems, regular
cost analysis, and capacity-building programs, could improve efficiency and sustainability.
Major recommendations include investing in staff training, leveraging technology for cost
control, and establishing long-term financial planning strategies to address external
uncertainties. |
