International Journal of Engineering and Information Systems (IJEAIS)   Year: 2023 | Volume: 7 | Issue: 3 | Page No.: 36-45 Streamlining Strategic Cost Management on Firm Profitability Download PDF Okeke, Prince Chinedu, Ph.D and Ugwu, Ikechukwu Virginus Ph.D Abstract: This study investigated the impact of streamlining strategic cost management on profitability of local pharmaceutical firms in Nigeria. The dependent variable is represented with return on asset (ROA), and the independent variable is represented with: cost of inventory (COIV), cost of labour (COLB) and cost of selling/distribution (COSD). The design used secondary data collected from the published annual reports of selected listed local pharmaceutical firms published in Nigeria, 2016- 2021. A further purposive sample size of five (5) firms that have the required data applied. Our analyses techniques applied Regression Model, Correlation and Descriptive Statistics. The specific findings are that COIV and COSD are positive and non insignificant on ROA; while COLB is positive and significant on (ROA) of local pharmaceutical firms in Nigeria. This study contributes to the existing body of knowledge with: the positive impact of the three variables applied; the modernized model of the study, the empirical findings and the reach literature for academia. We recommend that firm policy makers, are to streamline cost management policies of: COIV, COLB and COSD; as they impact on ROA in Nigeria. Implications show that managers and other policy makers who desire to use these findings: should know that only one of the study variables is positive and significant on ROA and besides, the study focused only on pharmaceutical firms in Nigeria and thus, may not be generalized in all industry.