Browsing by Author "Prathiksha Jain HD 1NH22BA111"

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    A study on cost analysis at IFB automotive private limited
    (NHCE, 2025) Prathiksha Jain HD 1NH22BA111
    This report describes a comprehensive cost analysis study conducted at IFB Automotive Private Limited in order to better understand and optimise the company's cost structure. The major goal is to deconstruct the many cost components, such as fixed, variable, direct, and indirect costs, in order to acquire a thorough understanding of cost behaviours and their impact on the company's financial health. Using sophisticated cost analysis tools, the study assesses the efficiency of current cost management practices and suggests potential cost savings. The investigation demonstrates that, while IFB Automotive has created cost control procedures, there are tremendous chances to improve these processes even further. The study looks at the company's cost-management techniques, analysing their effectiveness and identifying holes that could be filled to increase overall cost efficiency. Non-value-added activities that increase expenses without improving quality or operational effectiveness are identified with special attention. Based on the findings, the paper makes actionable recommendations for lowering costs while maintaining or improving product quality and operating efficiency. These suggestions include improving procurement tactics, optimising manufacturing processes, and introducing more stringent cost-cutting measures. The ultimate goal is to help IFB Automotive reach a more simplified cost structure, which will result in enhanced financial performance and market competitiveness. The findings of this study are meant to help IFB Automotive's management make educated decisions that will promote improved cost management and improve the company's profitability and sustainability over time.