A Investigating Strategies for Reducing Inbound Costs in Packaging at Radha Engineering Works, Chennai Pvt Ltd.
Author :
S.A. Balamurugan, Assistant Professor Dr.N.JayanthiJourna Name:
International Journal of Science, Engineering and Technology Country :
IndiaVolume:
12 issue:2 Year:2024 Views : 511
Abstract:
Abstract: The present study explores the challenges faced by Radha Engineering Works Chennai Pvt Ltd. (REWCPL) in managing inbound packaging costs and proposes strategies to mitigate these challenges. Inbound packaging plays a pivotal role in the logistics and supply chain operations of manufacturing companies, impacting both cost efficiency and product quality. This research adopts a mixed-method approach, combining qualitative interviews with key stakeholders and quantitative analysis of inbound packaging costs and processes. The findings reveal several key factors contributing to high inbound packaging costs, including inefficient packaging design, over-reliance on non-standardized packaging materials, and suboptimal handling practices. Based on these findings, the study proposes a comprehensive framework for reducing inbound packaging costs, encompassing initiatives such as standardization of packaging materials, optimization of packaging designs for efficiency and sustainability, and implementation of best practices in handling and storage. Additionally, the research underscores the importance of collaboration with suppliers and logistics partners to streamline packaging processes and achieve cost savings. The proposed strategies offer practical insights for REWCPL and other manufacturing firms seeking to enhance efficiency and competitiveness in their inbound packaging operations.
APA:S.A. Balamurugan, Assistant Professor Dr.N.Jayanthi. (Volume-12, Issue-2 -(Year-2024)). A Investigating Strategies for Reducing Inbound Costs in Packaging at Radha Engineering Works, Chennai Pvt Ltd.. Retrieved from https://www.ijset.in/wp-content/uploads/IJSET_V12_issue2_648.pdf
Chicago:S.A. Balamurugan, Assistant Professor Dr.N.Jayanthi. "A Investigating Strategies for Reducing Inbound Costs in Packaging at Radha Engineering Works, Chennai Pvt Ltd." Example, Volume-12-issue-2-Year-2024-2348-4098. https://www.ijset.in/wp-content/uploads/IJSET_V12_issue2_648.pdf.