FARE 3310 Lecture Notes - Lecture 10: Production Planning, Standard Deviation, Work Sampling
24 Oct 2014
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Document Summary
Outstanding rms understand that their human resource strategy can yield a competitive advantage. Often a large percentage of employees and a large part of labour costs are under the direction of operations management. As a result, an operations manager usually has a major role to play in achieving human resource objectives. Labour standards are required for an e cient operations system. They are needed for production planning, labour planning, costing, and evaluating performance. Labour standards are the amount of time required to perform a job or part of a job. Accurate labor standards help determine labor requirements, costs, and fair work. Among the commonly used processes for setting standard times are: historical experience, time studies, predetermined time standards, work sampling. Historical experience: how the task was performed last time, easy and inexpensive, data available from production records or time cards, data is not objective and may be inaccurate, not recommended.
