Waste control and management in production (a case study on Juapong Textiles Limited)

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1 .1 The Problem Statement Waste has from time immemorial been a problem to many manufacturing concerns all over the world, and African Industries are no exception. Since waste in production only increases cost but does not add value to the product, it affects the profitability of manufacturing firms. In this modern world that people are coming out with improved and more sophisticated machinery of which that in the textile industry is not in an isolation; even though the initial cost of obtaining such a machinery may be a bit costly, in the long run costs are greatly reduced, productivity and quality are greatly improved or enhanced and waste are reduced drastically. Inevitably, a firm with modern sophisticated machinery and has the above attributes may sell at a relatively good price than firms using obsolete machinery due to the different forms of wastes being created by the two machines. Since the objective of most firms is to maximize profits and profits could be simply interpreted as Revenue minus cost i.e.: (Rev. - Cost = Profit1) it is therefore very important to critically study waste that occur in our production process because it is a contributory factor to the upward or downward movement of profits which in turn affects the survival of the firm or company. Unfortunately, Juapong Textiles limited which is being used as a case study still rely on old machinery for its production particularly, at the weaving section and since it is in competition with the outside world, the company need to look carefully at areas that affect cost of production.
A thesis submitted to the Board of Postgraduate Studies, Kwame Nkrumah University of Science and Technology, Kumasi, in partial fulfilment of the requirement for the award of Postgraduate Diploma in Industrial Management, 1996