A STUDY ON COST CONTROL AND REDUCTION AT RANE ENGINE VALVE LIMITED

Authors

  • M. Swetha, G. Divya Lakshmi Bai, Antony Amalesh, N Harshini Author

Abstract

A study on cost control and reduction at Rane Engine Valve Limited, a manufacturing company, explores the effective management of costs. By analyzing various financial parameters and cost management techniques over a three-year period, the study aims to uncover insights into the company's financial performance and cost management strategies. Through a thorough review of literature and research methodology, the study investigates the impact of cost control measures on profitability and competitiveness. The analysis includes cost sheet management and overhead expenses percentage analysis to assess the efficiency in managing financial resources. Furthermore, the study examines the effectiveness of cost reduction initiatives through case studies and empirical evidence. Findings from the analysis provide valuable insights and recommendations for enhancing cost management practices and driving sustainable growth and profitability within the organization. Ultimately, the study contributes to the body of knowledge on cost control and reduction strategies in the manufacturing sector, offering practical implications for businesses seeking to optimize their financial performance and achieve long-term success.

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Published

2024-11-03

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Section

Articles