LESSON 3: Importance and Uses of Time Study Flashcards
is one of the most important pieces of information produced in the manufacturing department.
Time standard
is used to develop answers for the following problems
Time standard
How many machines do we need?
The answer depends on two pieces of information:
Time standard is used to develop answers for the following problems:
what are those problems:
*Determine the number of machine tools to buy
*Determine the number of production people to employ
*Determine the manufacturing cost and selling prices
*Schedule the machines, operations, and people to do the job and deliver in time with less inventory
*Determine the assembly line balance, determine the conveyor belt speed, load the work cells with the correct amount of work, and balance the work cells.
*Determine the individual worker performance and identify operations that are having problems so the problems can be solved.
*Pay incentive wages for outstanding team or individual performance.
*Evaluate cost reduction ideas and pick the most economical method based on cost analysis and opinion
*Evaluate new equipment purchases to justify their expense.
*Develop operation personnel budgets to measure the management performance.