Difference Between Waste and Scrap
Waste and scrap are not the same. They differ from each other. The main difference between the two are –
1. Waste occurs in almost every manufacturing industry, where as, scrap occurs in only certain types of industries.
2. Waste arises due to loading and unloading careless handling breaking the bulk evaporation, leakage, etc. On the other hand scrap arises due to certain manufacturing operations such as, turning, shaving, molding etc.
3. Waste arises due to inherent nature of the material. But scrap arises due to inherent nature of the manufacturing process.
4. Waste may be visible or invisible, whereas scrap is always visible.
5. Waste can not be reused in any other process, whether it is visible or invisible. But scrap can be reused in some other process.
6. Waste does not have realizable value, whereas scrap has realizable value.
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