After reading this article you will learn about:- 1. Meaning of Automation 2. Types of Automation 3. Advantages 4. Disadvantages 5. Suitability. Meaning of Automation: The term 'Automation' is relatively new in the language of management and this word was first used at the Ford Motor Company in the late 1940. 'Automation' may be defined as "the moving of the [...]
Meaning and Definition of Time Study: When a customer wants to purchase some products, then he usually compares the prices with those of similar products, which are being manufactured by other producers. Therefore, to give competitive quotations, estimation of accurate labour cost is very essential as it has got large effect on the price. If the prices are higher, then, [...]
After reading this essay you will learn about:- 1. Meaning of Productivity 2. Importance of Productivity 3. Factors 4. Measures to Increase Productivity 5. Measurement 6. Main Contributors to Productivity Improvement 7. Management Tools 8. Techniques to Improve Productivity 9. Benefits from Increased Productivity. Essay on the Meaning of Productivity: 'Productivity' is nothing but the reduction in wastage of resources. [...]