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COST AND MANAGEMENT ACCOUNTING

COST AND MANAGEMENT ACCOUNTING. PROJECT ON WASTAGE CONTROL. GROUP MEMBERS. ROHAN JADHAV C-16 VAIBHAV TONDE C-39.

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COST AND MANAGEMENT ACCOUNTING

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  1. COST AND MANAGEMENT ACCOUNTING PROJECT ON WASTAGE CONTROL

  2. GROUP MEMBERS • ROHAN JADHAV C-16 • VAIBHAV TONDE C-39

  3. Waste:- It is an unwanted or undesired material or substance. It is also referred to as rubbish, trash, garbage, or junk depending upon the type of material and the regional terminology. • Wastage control is the process and the policy of reducing the amount of waste produced by a person or a society. It is part of the wider aim of waste reduction which is often described as a component of the waste hierarchy. • ‘Items that some people discard have value to others. It is widely recognised that waste materials are a valuable resource.’

  4. Composition of waste Most waste is comprised of the following materials: • Paper - newspaper*, office paper*, packing materials, cardboard* • Plastic - beverage containers*, high tech waste*, packing materials • Metals - cans*, high tech waste*, scrap metals*, appliances*, building materials* • Glass - windows*, bottles* • Food waste and organic material - leaves, peelings and scraps, spoiled food, grass clippings • Wood - furniture, building materials, pallets*

  5. Wastage control in Industries • Efficient manufacturing processes and better materials generally reduce the production of waste. • Led to the development of innovative and commercially successful replacement products. • requires investment, which is usually compensated by the savings. • waste reduction in one part of the production may create waste production in another part.

  6. Wastage Control Processes • Resource optimisation • Reuse of scrap material • Improved quality control and process monitoring • Waste exchanges • Ship to point of use • Product design

  7. Essel Group • Founder Chairman and Chief Architect: Mr. Subhash Chandra • Annual turnover of over USD 2.4 billion. • Presence in technology, interactive, media, entertainment, social services and packaging sectors. • Include brands

  8. Essel Propack Vasind,Mumbai-Agra National highway-3

  9. Global Presence

  10. Essel Propack • Largest specialty packaging company in the world. • Manufactures laminated and seamless tubes catering to the oral care, cosmetics, personal care, pharmaceutical, food and industrial sectors. • First company to introduce laminated tubes in India. • State-of-the-art manufacturing facilities in 14 countries through 24 plants. • an estimated 32 percent global market share . • listed on the National Stock Exchange of India and the Bombay Stock Exchange in India.

  11. Quality Policy • Essel Propack works towards achieving the objectives that pave policies for ensuring quality. • Meet and exceed all customer requirements and ensure customer satisfaction with respect to quality, prompt delivery, reliable service and cost efficiency. • Work constantly towards achieving global standards

  12. Laminated Tubes • Used for packaging across the globe in varied sectors such as oral care, food, cosmetics, pharma and industrial applications. • These tubes offer products a competitive edge in the market. • With their high stability, laminated tubes are suitable for packaging a variety of products.

  13. Laminate Manufacturing Process: laminating process which is done in four phases – Blown film Laminating Slitting Printing Once these printed laminates are completed they are ready for tubing and shouldering.

  14. Blown Film: A film is made from polymer granules which are extruded and blown. Essel Propack utilizes a variety of polymers during this process based on customer requirements to acquire a desired structure for the finished product. A heater melts the plastic granules from hopper, and this molten material is passed through the screw to the die and punch area, where temperature-controlled air is blown to form the film.

  15. WASTAGE CONTROL IN BLOWN FILM PROCESS: The main reason for wastage in Essel Propack is due to power failure, so to over come this they have installed power backup. Due to this wastage have reduced. Now the wastage is only 1% of total production which is 495tonnes/month

  16. Lamination: In this process the film and foils are fused together to form a 5-layer laminate. Extruded polyethylene is passed between the layers to bind the two layers, which are then fused together. The three-layer laminate thus obtained is then bound with the inner layer (food grade film) resulting in a 5-layered laminate

  17. WASTAGE CONTROL IN LAMINATION PROCESS: As lamination process is an important process where according to customer need layers are made, so constant inspection is do to minimize the wastage.

  18. Slitting: The jumbo reels of laminates are unwound here to be slit into various sizes based on the size of the tube, to match customer specifications. Essel Propack makes use of high speed rotary slitters, which minimize damages to the edges and ensures precise printing process.

  19. WASTAGE CONTROL IN SLITTING PROCEES: Resource optimization

  20. Printing:

  21. WASTAGE CONTROL IN PRINTING PROCESS: Essel Propack makes use of the ‘Flexo and Letter Press’ technology for printing. A variety of ‘Nylon Plates’ are prepared for each colour (as per the design), and mounted in the units Due to which the wastage is minimized.

  22. WHAT WE LEARN • Practicle Exposure • Wastage control processes at Essel Propack

  23. Special thanks • Prof. R.S. Verma sir • Mr. Singh (Production head, Essel Propack Ltd) • Mr. Shrikant Jindam (Creative head, Essel Propack Ltd.)

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