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Ameliorating Productivity in Lubricant Industry Using Industrial Engineering Tools

Journal: International Journal of Business Management & Research (IJBMR) (Vol.9, No. 5)

Publication Date:

Authors : ;

Page : 1-12

Keywords : Lubricant Industry; Work-Study Method; Time-Study Method & Improvement in Productivity;

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Abstract

In a manufacturing or service industry, it is important to constantly improve, in order to sustain oneself in today's increasingly competitive world. There is a growth in the customer demands, since the technology has taken leaps of development. Numerous business improvement methodologies are acquired by organizations to improve business performance. The main aim is to study the current capacity, scrutinize it to find areas of improvement and make an upgradation to meet the forecasted growth in demand. Therefore, this study helps to recognize the bottlenecks and by taking help of various work-study & time study methods, and other tools & techniques of industrial engineering, which are one of the most influential & most effective methodologies for abolishing delays associated with the working process in the production area of a lubricant manufacturing industry. And henceforth, this paper concludes with the suggestions to take necessary action for improving the overall performance of a system with the complete affirmation of large annual profit margins. This prescriptive paper proposes authentic solutions & results in increment in the production of the industry.

Last modified: 2019-11-14 15:41:25