A Study on Cost Control and Reduction at SLN CNC Tech Private Limited

Abstract

Study of cost reduction and control is undertaken with the aim of identify the overall cost of the company and assessing the cost methods of SLN CNC Tech private limited using annual cost statements and financial statements of the company. This analysis helps to reduce the cost and maximizing the profit and achieve the economies of scale in the manufacturing process. Analysis helps to make efficient and effective budgetary decisions. Modification in the government techniques and rules and regulations impacting the prices of the raw material inside the country and also imported raw materials which leads to increase in raw material cost to the company. Main aim of the cost examination is to cost control and cost reduction at SLN CNC Tech private limited. To study the various procedures adopted by the enterprise as for cost control and cost diminishment. The collected information have been assessed with a factual instruments and techniques. To make the information adequate using tables and graphs. The examination analyse the 5 years cost information that identify the cost variances in all the activities. It is the most important part to take care of the activities and their expenditures executed in the years at SLN CNC Tech private limited.