Saving Cost in valve assembly using Internal Factors

ABSTRACT

The company Knorr-Bremse is a leader in braking systems in both rail and commercial vehicles. The concern always faced by company is survival of competition with various costing strategies. Voss connectors are one of the major components of assembly in products of the valves manufactured here and each product has a separate Voss assembly station.  With the help of this project, the internal costs have been controlled and efficiency of the plant is considered. The main focus is on setting of common assembly station and then sending the valves to the assembly line for further operations. With the present work company could save on cost of assembly stations, operators, inventory, cost on maintaining spares for maintenance and the floor space consumed. The research work helped to save approximately 42 lakhs by just modifying the existing facility with no investments. Thus it contributes in the fight for the market share without modifying the product or compromising the quality.

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Updated: June 26, 2023 — 3:06 am