Scribd Logo
Upload

Welcome to Scribd!

  • OST Control AND OST Reduction

    Uploaded by

    Neha Sthawarmath
    1 views7 pages
    The document discusses cost control and cost reduction. It outlines that cost control focuses on minimizing wastage through improved production processes, plant layouts, and material handling. Cost control involves planning, communication, motivation, appraisal, and decision making. The advantages of cost control include improved profitability, greater productivity, reduced costs and prices, stable prices, higher sales, and employment. The main areas of cost control are labor, material, sales, overheads, and energy. Tools of cost control include external benchmarks as well as internal budgetary control and standard cost control.

    Original Description:

    Manegerial Economics

    Original Title

    M.E. Presentation

    Copyright

    © © All Rights Reserved

    Available Formats

    PPTX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The document discusses cost control and cost reduction. It outlines that cost control focuses on minimizing wastage through improved production processes, plant layouts, and material handling. Cost control involves planning, communication, motivation, appraisal, and decision making. The advantages of cost control include improved profitability, greater productivity, reduced costs and prices, stable prices, higher sales, and employment. The main areas of cost control are labor, material, sales, overheads, and energy. Tools of cost control include external benchmarks as well as internal budgetary control and standard cost control.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    1 views7 pages

    OST Control AND OST Reduction

    Uploaded by

    Neha Sthawarmath
    The document discusses cost control and cost reduction. It outlines that cost control focuses on minimizing wastage through improved production processes, plant layouts, and material handling. Cost control involves planning, communication, motivation, appraisal, and decision making. The advantages of cost control include improved profitability, greater productivity, reduced costs and prices, stable prices, higher sales, and employment. The main areas of cost control are labor, material, sales, overheads, and energy. Tools of cost control include external benchmarks as well as internal budgetary control and standard cost control.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 7

    COST CONTROL AND COST REDUCTION.

    Cost control . Table of contents:


    Meaning. Aspects of cost control. Advantages of cost control. Main areas of cost control. Tools of cost control.

    COST CONTROL FOCUSES ON:


    The

    minimization of wastage. Minimization of cost through new production process. Improved plant layout. Scientific material handling etc.

    ASPECTS OF COST CONTROL.


    Cost control involves various steps and also covers various aspects of management like: Planning. Communication. Motivation. Appraisal. Decision making.

    ADVANTAGES OF COST CONTROL:


    To improve its profitability and competitiveness. It is indispensable for achieving greater productivity. Reduce the cost and thus reduce the prices. Stable and reasonable price of the product. Higher sales. Employment of work force.

    MAIN AREAS OF COST CONTROL.


    Labour. Material. Sales. Overheads. Energy.

    TOOLS OF COST CONTROL.


    External. Internal:

    Budgetary control. Standard control.

    You might also like