Page 23 - MESCO Newsline 11th Edition

---MESCO Newsline

Productivity

Introduction Higher productivity requires
roductivity improvement is to do the right things elimination of waste in all forms:
better and make it a part of continuous process. It is necessary to eliminate
Therefore it is important to adopt efficient wastage in raw material, wastage
productivity improvement technique so as to ensure of time in case of men and
individuals and organization's growth. To achieve this machinery, wastage of space etc. to
following few points are being described below:- improve productivity.
Productivity is the ratio between output and input. It is Few Factors for Improving
the quantitative relationship between what we produce Productivity are (a) Capital
and what we have spent to produce. Productivity is investment in Technology/
nothing but reduction in wastage of resources like men, Equipments & Facilities, (b) workforce knowledge and skill
material, machine, time, space, capital etc. It is a resulting from training and experience, (c) Technological
mentality of progress of the constant improvement of Changes, (d) Work Methods, (e) Procedures / Systems, (f)
that which exists. It is certainty of being able to do better Quality changes in process...etc.
than yesterday and continuously. It is continual effort to Work study is an important management tool to achieve
apply new techniques and methods. higher productivity. It is related to human work, method of
Improving productivity means increasing or raising doing work and standard of performance. Work study is to
productivity with the help of using same amount of minimize cost either by designing the work for high
materials, machine time, land, labour or technology. productivity or by improving productivity in existing work
A firm or department may undertake a number of key through improvements in current methods by reducing
steps toward improving productivity. ineffective and wasted time.
• Look at the system as a whole in deciding which The objectives of the work study are: Analysis of existing
operations are most critical; it is overall productivity method/ finding weakness in existing production process/
Most effective utilization of existing or proposed report and
that is important.
resources/ Setting and measuring performance standard/
• Develop methods for achieving productivity
Standardize method, material and equipments used in the
improvement, such as soliciting ideas from workers
production process.
(perhaps organizing teams of workers, engineers, and
Work Study Procedure
managers), studying how other firms have increased
productivity, and re-examining the way work is done.
Record From Examine Develope
• Establish reasonable goals for improvement.
Observations Metod
• Make it clear that management supports and
encourages productivity improvement. Consider
I Install New I P,ef'ne„ New ( Measure work &
incentives to reward workers for contributions. ________ method *■--------- Me,hod , Calculate
Standard Time
• Don't confuse productivity with efficiency. Efficiency is
a narrower concept that pertains to getting the most
Techniques of Work Study and their relationship with
out of a given set of resources; productivity is a
productivity Improvement:
broader concept that pertains to use of overall
Method study and work measurement are closely linked
resources.
to each other as both are
Productivity is a key to prosperity:
associated with work study. Method study reduces the
Rise in productivity results in higher production which
content of job and work measurement investigates and
has direct impact on standard of living. It reduces cost per reduces ineffective time associated with job with
unit and enables reduction in sale price. It increases establishment of standard time. This results into efficient
wages for workers and increased profit for organisation.
working operations leading to increase in productivity of that
Higher demand creates more employment opportunities.
Higher productivity helps to reduce cost per piece
which make product available at cheaper rate. Thus it is
beneficial for consumers. Low price increases demand of
the product which in turn increases profit of the
organisation.