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Techniques of Work Measurement and Their Applications

Techniques of Work Measurement and Their Applications Work measurement (WM) Work measurement  is the application of techniques designed to establish the time for a qualified worker to carry out specified jobs at a defined level of performance.  Work measurement (WM) is concerned with investigating, reducing and eliminating ineffective time, whatever may be the cause.  WM is the means of measuring the time taken in the performance of an operation or series of operations in such a way that the ineffective time is shown up and can be separated out.  Work measurement is also called by the name ‘ time study ’. Work measurement is absolutely  essential for both the planning and control of operations. Without measurement data, we cannot  determine the capacity of facilities or it is not possible to quote delivery dates or costs. We  are not in a position to determine the rate of production and also  labor utilization  and efficiency.  It may not be possible to introduce incent

Stages of the New Product Development (NPD) Process

Stages of the New Product Development (NPD) Process New-Product Development Process: New product development is a process which is designed to develop, test and consider the viability of products which are new to the market in order to ensure the Growth or survival of the organization.  Every entrepreneur knows that productivity is one of the key ingredients for successful product development. New product development (NPD) is the complete process of bringing a new product to market. A product is a set of benefits offered for exchange and can be tangible (that is, something physical you can touch) or intangible (like a service, experience, or belief).  Stages of New Product Development:  New product development as the first stage in generating and commercializing new product within the overall strategic process of product life cycle management used to maintain or grow their market share.  Idea Generation Idea Screening Concept Development and Testing Business Analysi