Project Report on Cost Reduction and Control

15119 Words Aug 23rd, 2013 61 Pages
ANNEXURE-A

UNIVERSITY CENTRE:
SHAHEEN INSTITUTE,
HAWALLY - KUWAIT
CODE: 02500

TITLE OF PROJECT REPORT:
COSTING AND COST REDUCTION OR OPTIMIZATION & CONTROL FOR ELECTRICAL EQUIPMENT OF AL-AHLEIA SWITCHGEAR CO.

BY
JOVITO BRIAN AZAVEDO

A project report submitted in partial fulfillment of the requirements of Master of Business Administration of Sikkim Manipal University, India

Sikkim-Manipal University of Health, Medical and Technological sciences
Distance Education Wing
Syndicate House
Manipal - 576104

ANNEXURE-B

I hereby declare that the project report entitled

“COSTING AND COST REDUCTION OR OPTIMIZATION & CONTROL FOR ELECTRICAL EQUIPMENT OF AL-AHLEIA SWITCHGEAR CO.”

Submitted in partial fulfillment of the requirements for
…show more content…
- PRODUCTION SHOULD BE DONE IN BULK WITH WISE UTILIZATION OF MINIMUM AVAILABLE RAW MATERIALS AND AVOID WASTAGE. THIS WILL SAVE TIME.
- MATERIAL DEPT. SHOULD APPROACH MANY VENDORS OF RAW MATERIALS AND SPARES FOR PRICE COMPARISON.
- MATERIAL DEPT. SHOULD BUY IN BULK QUANTITY SO THAT EXTRA QUANTITY CAN BE USED FOR ANY FUTURE ORDERS.
- MATERIAL DEPT. SHOULD APPROACH A FINAL VENDOR OF SPARE PARTS OR RAW MATERIALS FOR PUSHING THE HUGE ORDER TO THE SUPPLIER AND REQUEST FOR CASH DISCOUNT. | | | HUMAN RESOURCE DEPARTMENT:
- FOR EMPLOYING NEW PEOPLE IF REQUIRED ON REASONABLE SALARY PACKAGE.
- MANY ORDERS RECEIVED IN DECEMBER 2012 - JANUARY 2013, RECRUITMENT OF NEW ENGINEERS, OFFICE STAFF AND TECHNICIANS ARE UNDER PROCESS. | | | PERSONAL / ACCOUNTS DEPARTMENT:
- COLLECTION OF DEPTS ON DUE DATE AFTER PROPER COORDINATION WITH REPRESENTATIVE OF THE CUSTOMER. | | 2) | POINTS DISCUSSED DURING THE YEAR 2012 / 2013
BELOW ARE FEW POINTS DISCUSSED DURING MEETING IN THE YEAR 2012 / 2013:

MANAGEMENT: GIVING / SUBCONTRACTING ALL THE ORDERS OF LV SWITCHGEAR / MCC / BUSDUCT / DISTRIBUTION BOARDS TO OTHER COMPANY WHO IS EXPERTISE IN MANUFACTURING OF SUCH ELECTRICAL EQUIPMENT. THIS WILL RESULT IN SAVING OUR PRODUCTION DEPT'S TIME AND FOCUS ON EXECUTION OF OTHER ORDERS.

ACCOUNTS / PERSONAL DEPT.: DUTY OF INFORMING "ORDER EXECUTION" DEPARTMENT, IF PAYMENT NOT MADE ON TIME INORDER TO HOLD THE DELIVERY.

ORDER EXECUTION / PRODUCTION DEPT.: