Author : Vinit Boora and Sandeep Singhal

Productivity is the index of performance with which assets, each human and material, are converted into beneficial services and items. The vital relevance of the present work was to research the elements involved in the development of productiveness in all its types which include capital, material, labor, machine, and general productivity at the enterprise. This turned into received by means of reducing the manufacturing cost of the component through reduction of its cycle time and increasing the month-to-month production implementing clustering method. The experimentation found out that the usage of proposed methods and improved tooling has increased the monthly production rate by 20% by dint of reduced cycle time. Rejection rate, i.e., defected components has decreased up to 2%. A reduction of 9.7% in part manufacturing cost was recorded. Tooling cost has decreased by way of greater than 10%. Up to 50% saving in inspection cost was reported on account of closer dimensional tolerances and superior finish achieved on manufactured parts. An improvement of 5.25% was claimed in total productivity.

Keywords: Inventory; labor productivity; material productivity; cycle time; manufacturing cost; total productivity; clustering; statistical analysis

Article published in International Journal of Current Engineering and Technology, Vol.8, No.4 (July/Aug 2018)