A Comparability Study of the Overall Cost between Transportation Outsourcing and Private-Owned Transportation: A Case Study of Suranaree University of Technology Drinking Water Treatment Plant
A Comparability Study of the Overall Costs between the Private-Owned Transportation and Outsourcing Transportation: A Case Study of Drinking Water Factory of Suranaree University of Technology
Keywords:
cost comparison, outsourcing, drinking water production plants, sales forecasting, break-even analysisAbstract
This article presents research on the comparability study of the overall costs between the private-owned transportation and transportation outsourcing. A case study of drinking water factory, Suranaree University of Technology in Nakhon Ratchasima Province, The finding will be used as a decision-making tool to improve transportation efficiency and increase competitiveness. The processes of this research started with using 6 forecasting method to estimated how many packs of drinking water will be sold, then select the most accurate one to get future sales data that can be used to compare the value of investing in private-owned transportation or through outsourcing. The overall cost is then compared using the Break-Even Point Analysis method to choose a car, and the chosen car is brought to compare with outsourcing. The outcome of the four-year sales forecast reveals that the sales volume is between 107,903 and 114,748 packs by using Simple Moving Average method. When comparing the cost of each car brand. At sales between 107,903 and 114,748 packs, private-owned transportation resulted in a lower cost than outsourcing around 2.35 hundred thousand bath.
