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    Cost Saving Format o Ring Preparation

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    sitam_nitj4202
    The document is a declaration form submitted by the Final Assembly department on April 7, 2016 proposing a cost reduction project. The project involves making O-rings using Loctite 243 on the shop floor rather than purchasing ready-made O-rings from a supplier, saving the cost of tooling dies for new O-ring types. The total estimated savings from preparing O-rings in-house is 1985568 INR based on the difference between the cost of ready-made O-rings and the cost of making them using O-ring rolls on the shop floor.

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    Cost Saving Format o Ring Preparation

    Uploaded by

    sitam_nitj4202
    2 views1 page
    The document is a declaration form submitted by the Final Assembly department on April 7, 2016 proposing a cost reduction project. The project involves making O-rings using Loctite 243 on the shop floor rather than purchasing ready-made O-rings from a supplier, saving the cost of tooling dies for new O-ring types. The total estimated savings from preparing O-rings in-house is 1985568 INR based on the difference between the cost of ready-made O-rings and the cost of making them using O-ring rolls on the shop floor.

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    Cost saving

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    The document is a declaration form submitted by the Final Assembly department on April 7, 2016 proposing a cost reduction project. The project involves making O-rings using Loctite 243 on the shop floor rather than purchasing ready-made O-rings from a supplier, saving the cost of tooling dies for new O-ring types. The total estimated savings from preparing O-rings in-house is 1985568 INR based on the difference between the cost of ready-made O-rings and the cost of making them using O-ring rolls on the shop floor.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    2 views1 page

    Cost Saving Format o Ring Preparation

    Uploaded by

    sitam_nitj4202
    The document is a declaration form submitted by the Final Assembly department on April 7, 2016 proposing a cost reduction project. The project involves making O-rings using Loctite 243 on the shop floor rather than purchasing ready-made O-rings from a supplier, saving the cost of tooling dies for new O-ring types. The total estimated savings from preparing O-rings in-house is 1985568 INR based on the difference between the cost of ready-made O-rings and the cost of making them using O-ring rolls on the shop floor.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 1

    Attachment: Declaration form of cost reduce (I)

    Note: apply to technology, production

    Name of declare person or team: Final Assembly

    Declare date: 04/07/2016

    IProject category:
    Cost reduce

    Increase sales

    Reduce expense

    Saving funds

    II. Describe the implement scheme of project


    Savings By Preparing O Ring
    We have started making O Ring using Loctite 243 in shop floor which saves the cost of
    bringing readymade O Ring from supplier because supplier is taking amount for
    making die for new types of O Ring. We have reduced the cost by making O Ring for
    Jobs by ourselves.
    Total savings : 1985568 INR

    III. Basis of calculate


    Savings = Cost of Readymade O Ring Cost of Prepared O Rings in shop floor using
    O Ring Rolls

    VI. proof file list


    1. Cost of Readymade O Ring for 1 Job
    2.Cost of O ring Rolls
    Production
    Workshop
    BOM

    IE
    Finance

    Testing
    Audit

    Cost control team

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