2. What is Cost ???
• An amount that has to be paid or given
up in order to get something.
• In business, cost is usually a monetary
valuation of
(1) effort,
(2) material,
(3) resources,
(4) time and utilities consumed,
(5) risks incurred,
(6) opportunity for gone in production
and delivery of a good or service.
3. What is Wastage ???
Loss time resulting from breakage
of machinery, handling, double
handling etc.
4. Method of Increase the Efficiency
Create a
happy
work
place
Discipline
Lay out
Utilize
the
existing
machinery
Create a
team
work
23. Cost Reduce in cutting area
Before Total People was in cutting -101 person,
Now total people in cutting after new Procedure-
50 Person.
We save around 50% manpower and production
also better then before. Day by day its increasing
also.
34. Finishing Cost Reduce
• Before Total People was in finishing -188 person, Now
total people in finishing after new Procedure- 115
Person.
• Still the set up is running. Once we fix the quality team
there then we will get the final summary of manpower in
finishing area.
35. Finishing Department Cost savings
0
5000
10000
15000
20000
25000
Manpower Production/Day Cost in $/Month
Before
After