Capacity Planning – Meaning, Classification and its Goals
February 12, 2025
The Rise of Populism and Protectionism The election of President Trump represents the cusp of the current wave of protectionism and populism that emerged in the aftermath of the Global Financial Crisis of 2008. As the Brexit vote and the emergence of populist leaders such as Vladimir Putin in Russia showed, the disaffection and dissatisfaction […]
Introduction 21st century has been defined by application of and advancement in information technology. Information technology has become an integral part of our daily life. According to Information Technology Association of America, information technology is defined as “the study, design, development, application, implementation, support or management of computer-based information systems.” Information technology has served as […]
Introduction In the modern global and competitive business world, it is very important to the companies to enjoy financial success. This financial success can be achieved through financial discipline, goal setting and periodic reviews. Companies which have enjoyed financial success are likely to see that trust among employees have increased; profit has improved, and employee […]
Introduction Quality of product and services determines success or failure of the organization. Consumers expect the company to maintain high-level of quality and consider it an important aspect of satisfaction. Quality management, therefore, becomes very important as far as any organization is concerned. Quality management can be accomplished through various quality control techniques. Quality assurance […]
Germany has always been an economic powerhouse. In fact, in the last century, the economy of Germany has been completely annihilated by the world wars that it fought. However, it has still managed to bounce back. Today Germany is the biggest economy in Europe. It is also the second largest exporter in the world and […]
To survive in the current competitive and global environment, it is important for the organization to continuously look at ways to improve efficiency and productivity. It needs to discover a new, easy and cost-effective way of manufacturing or providing services.
Work study and industrial engineering play important role in job simplification, job design, job enrichment, value analysis/engineering, method analysis, operational analysis, etc. Work study has been utilized by companies to job productivity. Industrial engineering is the latest method employed to improve productivity. It deals with design, enhancement and setting up of engineering systems encompassing plants, machinery, workers, etc.
Work study uses techniques like method study and work measurement to understand human work potential in terms of time spend on completing a task, looking at ways to make the task simpler and easy, as to increase productivity and efficiency. Work study is field used to finding ways of increasing on job performance, optimum usage of plant and machinery, standardization of work methods, etc. Therefore, objectives of work study are as follows:
For an organization, productivity can be increased over a period of time, if workers are efficient and are focused. Therefore, advantages of work study are as follows:
It is a scientific process to better job design. It studies the existing job process and proposed job process as to identify the appropriate job process which results in efficient and cost effective operations. Therefore, objectives of method study are as follows:
Method study ensures that there is an increase in overall productivity and profitability of organization. Method study involves following procedures:
Industrial engineering is concerned with developing the most effective and efficient way to use plant, machinery, materials, etc. The main objectives of industrial engineering are as follows:
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