IJIRST (International Journal for Innovative Research in Science & Technology)ISSN (online) : 2349-6010

 International Journal for Innovative Research in Science & Technology

Future Optimization Solution for Managing Scraps in Medium & Large Scale Manufacturing Industries


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International Journal for Innovative Research in Science & Technology
Volume 4 Issue - 10
Year of Publication : 2018
Authors : Dr. G. Balamurugan ; S. M. Prabhakaran

BibTeX:

@article{IJIRSTV4I10004,
     title={Future Optimization Solution for Managing Scraps in Medium & Large Scale Manufacturing Industries},
     author={Dr. G. Balamurugan and S. M. Prabhakaran},
     journal={International Journal for Innovative Research in Science & Technology},
     volume={4},
     number={10},
     pages={21--24},
     year={},
     url={http://www.ijirst.org/articles/IJIRSTV4I10004.pdf},
     publisher={IJIRST (International Journal for Innovative Research in Science & Technology)},
}



Abstract:

It is unlucky, but many medium and large scale manufacturing industries in South India don’t take improvement of the financial prospect that scrap material from their manufacturing process presents. They think of this material as a “crucial sin” of their business without accepting the benefits and protection that a proficient scrap management program can provide. Usually, scraps can create a great deal of further revenue for their industry. In addition, Manufacturers won`t gives attention to scraps because they don`t tolerably track and control the scrap they are selling. This study focuses on to give future optimization solution that helps in managing scraps effectively and with profitability in medium and large scale manufacturing industries.


Keywords:

Scrap, optimization, Profitability, Revenue, Manufacturing


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