If you are from Machine Tools company then courier bill of Rs 1.5K per month is not that great amount. Nevertheless, we should strive to save every Rupee. To do this, you may keep a register with the Front Office Assistant (FOA) of your company. As and when a courier is received for despatch, she may enter the details of the courier in this register.
Courier companies measure the weight as well as volumetric and consider which ever is higher. Volumetric weight is calculated as:
(Length x Breadth x Height of the package) / 6000
FOA can calculate both the weights.
Lastly, about cost cutting. In the course of the operations, your company would be incurring the following costs:
a) Inventory Carrying Cost of Raw Materials
b) Work in Progress (WIP) Inventory Costs
c) Inventory Carrying Cost of Finished Goods
d) Capital costs to run the operations
e) Capacity costs
f) Maintenance costs
g) Quality costs
h) Inspection costs
i) Ordering costs
What efforts your company is making to reduce the above costs? Far from reducing, has your company measured the costs scientifically? If not I recommend you concentrating on measurement and then reduction of the above costs. Rs 1.5K is too minuscule amount to be bothered about.
12th January 2016 From India, Bangalore