Productivity is the ratio of output to inputs in production; it is an average measure of the efficiency of production. Efficiency of production means production’s capability to create incomes which is measured by the formula real output value minus real input value.
Productivity Improvement Techniques
(A) TECHNOLOGY BASED
1. Computer Aided Design (CAD), Computer Aided Manufacturing (CAM), and Computer Integrated Manufacturing Systems (CIMS): CAD refers to design of products, processes or systems with the help of computers. The impact of CAD on human productivity is significant for the advantages of CAD are: Read more…
Method study enables the industrial engineer to subject each operation to systematic analysis. The main purpose of method study is to eliminate the unnecessary operations and to achieve the best method of performing the operation. Method study is also called methods engineering or work design.
Symbols Used in Method Study:
Graphical method of recording was originated by Gilberth, in order to make the presentation ofthe facts clearly without any ambiguity and to enable to grasp them quickly and clearly. It isuseful to use symbols instead of written description. Read more…
Work study is a systematic technique of method analysis work measurement and setting of time standard that can be ensure the highest productivity by the optimum use of man power, equipment and material. FW (Frederic Winslow) tailor who is called the father of scientific management is the founder of work study. To operate/apply work study everyone have to know some terms of work study. It helps to operate properly. Read more…
Product life cycle is a business analysis that attempts to identify a set of common stages in the life of commercial products. In other words the ‘Product Life cycle’ PLC is used to map the lifespan of the product such as the stages through which a product goes during its lifespan.
Product Life-Cycle Strategies:
The Product Life Cycle (PLC) has Five Stages
Product Development, Introduction, Growth, Maturity, Decline Read more…
New Product Development:
New Product Development provides a holistic framework of the strategies, structures, and processes of new product development. The product idea concept is first developed from market and consumer research but with consideration of the technical aspects of the product. Usually, it is a combination of internal company information searching combined with consumer or, in industrial marketing, customer discussion groups. In industrial product development, it has been shown that selecting the most innovative customers for product concept development reduces the time and improves the product concepts. The product idea concept research leads to a more detailed description of the product ideas and also includes screening of the ideas. Read more…