Following are some of the areas, in which saving can be done as discussed: 1. Materials 2. Machinability 3. Tolerances 4. Fewer Parts 5. Tool Design 6. Make or Buy 7. Increase Productivity 8. Distribution System. Area # 1. Materials: In order to reduce the cost of the product, materials of lower or different quality which will not affect the [...]
After reading this article you will learn about:- 1. Meaning of Standard Data 2. Methods for Determining Standard Data 3. Uses 4. Advantages. Meaning of Standard Data: Generally large number of man hours is spent in setting the time standards by using stopwatch time study. Further management is anxious to have the time standards before the jobs are actually manufactured [...]
While an operator handles multi-machine to get the output, for an engineer it is quite important to know the economical number of machines to be allotted per operator. How the number of machines per operator can be found out without considering the factor of machine interference. The cost of operating number of machines by an operator can be calculated by [...]