Bs Accountancy 3a - Ksa Assignment

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(20%) Part 3 – a.) Listing of Books/Websites/Other information services used

- Productions and Operations Management (S.Anil Kumar,N. Suresh)

- https://en.wikipedia.org/wiki/List_of_companies_of_the_Philippines

b.) Print out of excerpts/portions of your readings in POM that greatly interest you

WORK STUDY (Time and Motion Study)

STEPS IN MAKING TIME STUDY

Stop watch time is the basic technique for determining accurate time standards. They are economical for repetitive type of work. Steps in taking the time study are:

- Select the work to be studied.

- Obtain and record all the information available about the job, the operator and the working conditions likely to affect the time study work.

3. Breakdown the operation into elements. An element is a instinct part of a specified activity composed of one or more fundamental motions selected for convenience of observation and timing.

4. Measure the time by means of a stop watch taken by the operator to perform each element of the operation. Either continuous method or snap back method of timing could be used.

5. At the same time, assess the operators effective speed of work relative to the observer’s concept of ‘normal’ speed. This is called performance rating.

6. Adjust the observed time by rating factor to obtain normal time for each element Normal Observed time Rating 100 = ×

7. Add the suitable allowances to compensate for fatigue, personal needs, contingencies. etc. to give standard time for each element.

8. Compute allowed time for the entire job by adding elemental standard times considering frequency of occurrence of each element.

9. Make a detailed job description describing the method for which the standard time is established.

10. Test and review standards wherever necessary. The basic steps in time study are represented by a block diagram in Fig. 7.5.