levels of productivity. TPM is based on zero loss concept‚ viz. zero accidents‚ zero defects and zero breakdowns‚ which render equipment “effective”. TPM focuses on improving the Planned Loading Time. The gap (losses) between 100% and actual efficiency can be categorized into 3 categories: - Availability - Performance - Yield (Quality Rate) Availability losses: Breakdowns and changeovers indicate situations where the line is not running while it should be. Performance losses:
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management? Management is a field of social discipline dealing with the behaviour of people and human institutions as Peter Drucker Described’ (page 6) Management comprises planning‚ organizing‚ staffing‚ leading or directing‚ and controlling an organization (a group of one or more people or entities) or effort for the purpose of accomplishing a goal. In another way of thinking‚ Mary Parker Follett (1868–1933)‚ defined management as "the art of getting things done through people". She described management
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MODIFIED MULTIFACTOR PRODUCTIVITY APPROACH TO MEASURE PRODUCTIVITY OF OPERATIONS by Balbinder S. Deo (2004) Compiled By: Saurabh Deewan(078) Shivani M. Gupta(082) Siddhi Agarwal(110) Introduction • • • Motto of an Organization: How can the desired quality product be produced for the least cost? This fundamental question tightly links the productivity of operations to cost of operations which is “Productivity is the inverse of cost”‚ if the relationship is described in a formal logic Managers
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Topic: The impact of activity-based costing on banking industry performance Activity-based costing (ABC) gives a true cost for the bank compared to traditional costing‚ which allocates most of the expenses. Banking has become very competitive‚ and it has become imperative that banks like any other businesses allocate their resources to the most profitable areas. For banking industry‚ in particular‚ the potential benefits of activity-based costing (ABC) implementation can be numerous. These include
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Diversity level 1. Everybody brings differences to an organization where they work. These differences can create energy and excitement in the workplace‚ but they can also cause conflict. So it is important that we have an understanding of how diversity works in organizations. 2. When we look at the workplace we can recognize two levels of diversity. Surface-level diversity represents the characteristics that are easily observed such as race‚ gender‚ age etc. Deep-level diversity represents
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THE IMPACT OF INFORMATION TECHNOLOGY ON THE BANK PERFORMANCE (NIGERIA IN PERSPECTIVES) BY HASSAN KAWU A DEPARTMENT OF ACCOUNTING NIGER STATE POLY BIDA CAMPUS ABSTRACT Some of the topical issues posing serious challenges to both the public and private sectors are advances in technology. The sector that has been most radically affected by these developments is the financial sectors. The information technology has become a critical business resource because
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The Influence of music on worker productivity Convenience Sampling will be used for my research paper to focus on studying whether participants who are randomly available and open to contribute to the study. This study will generalize the population because every person is effected by music in one way or the other. I would focus on having an open age group because I am interested to test the effects of music as well as binaural beats to children all the way up to the elder population. I
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Executive Summary Conflicts are inescapable in an organization. However‚ conflicts can be used as motivators for healthy change. In today’s environment‚ several factors create competition; they may be differing departmental objectives‚ individual objectives‚ and competition for use of resources or differing viewpoints. These have to be integrated and exploited efficiently to achieve organizational objectives. A manager should be able to see emerging conflicts and take appropriate pre-emptive
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10 steps to improve productivity By Roger Thomas of Methods Workshop Introduction The general level of efficiency in this country is around 35-45% this leaves great potential for improvement. Efficiency levels should be 75 -85%‚ and if achieved the industry will be impregnable. With a short span before China’s quotas are lifted real productivity improvements are essential! The 10 steps: 1. Management commitment. 2. Training and empowerment 3. Fabric saving 4. Work Study 5. Times and methods 6. Measuring
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These teams can be intact work groups working for the same person‚ or can be from different functions or organizations. In these times of constant change‚ it is essential for teams and team members to understand their strengths and weaknesses. Effective teamwork can help a company deal with this ongoing change and can create an environment to find better ways to solve problems‚ resolve conflicts‚ and set goals‚ whether they be to provide the best possible service‚ to be the top sales district‚ or to
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