Customary costing component of industrial management
02 May '06
2 min read
Jute industry offers immense possibility for implementing customary estimate according to Dhruba Kumar Dutt who has authored the biook titled Industrial Management in India from Purple Peacock (www.bharatbooks.com).
The writer classifies jute pricing into three segments: Spun jute yarn, woven jute cloth, and finished jute cloth / bag.
"To disembark at the price tag of jute yarn, one has to initiate from the phase of batching," explains Dutt.
Jute mills use a ready-reckoner sort of chart to combine jute of various kinds in set size; this is then softened and changed into 'jute yarn of the requisite reckoning.'
Costing branch receives day to day information that illustrate the magnitude of each kind of jute consumed in the batching procedure.
Regular numbers are presented of raw jute burning up for producing one ton of spun yarn; also known are percentages of waste at each procedural stage from batching to spinning.
Straight and roundabout labour expenses are cautiously separated and charged to the processed material of each kind, be it hessian / sacking warp / weft.
Twisting sector has piece-rate workforce snaking both cops and beams.
"In the weaving phase, a cost of warp and weft yarns (in beams and cops) for manufacturing jute cloth of any exact kind is planned by ascertaining the use of beams and cops."
Shifting then to the stitching section, where calculation of the cost of jute cloth and jute yarns is necessitated to create a bag.
Bag stitching work on piece meal rate with thriving consistency hinges on minute observations and experiments, remarked Dutt.
"Thus customary costing should be viewed as part of industrial management," argued Dutt.
marketing@alchempro.com
