Time Study Methods in Operations Management
Time study in industrial engineering is an essential tool in the industry, only in industry? or in day to day life? of course in day to day life too.
Recently, one of my neighbors started a new business of furniture shop. On the very first day of start-up, he has received an order of 10 Tables for office purpose with client expectations of delivery within a week. As the business was new, he actually didn’t know whether he would be able to deliver the tables within the committed period of time.
On first day, he worked alone to make one table and find out one person can make one table in 4 hours. Likewise, for 10 tables, he will require 5 days if he worked alone.
And on 5th Day, he completed the order successfully and happily delivered the order of 10 tables to the customer to make him happy with the fastest delivery time.
Industry also work in a same way, like in one shop or in house we manage our activities based on the time required to perform that task, in Industry too, time study is one of the most important topic.
Time study in operation management is an essential tool as it allows organizations to measure the time required to complete a specific task or set of tasks.
Time study analysis results in optimization of the processes by improving resource allocations and it also play vital role in setting realistic targets. Apart from this, time study plays an important role in identifying training needs and monitoring the performance of the system.
There are different methods for time measurement, one of them is stopwatch time study, this is the oldest one. Apart from that, Predetermined Motion Time System (PMTS), Work Sampling, Production study are the regularly used time measurement methods.
In this article we will go through what is time study, its importance and methods which are popularly used in operations management.