Productivity evaluated in terms of ‘Efficiency’. Bellow mentioning the formula to calculate efficiency, and giving the formula for calculate the Total Cycle Time (TCT) and Cost Per Minute (CPM) for recommended future calculations.
Efficiency of labor is- “The Standard Hours (SAH) generated from the total hours worked during the reporting period”.
Calculation Method :
Efficiency =(Standard Hours Produced (SAH) / Total worked (used) hours)×100
Note:
* Expressed as a percentage (%)
* SAH = (Output in pieces X Standard Minute Value / 60 min)
* Total working Hours = Normal Hours + Overtime Hours, of all workers
Efficiency Benchmark is 70% at the South Asian countries
Efficiency of labor is- “The Standard Hours (SAH) generated from the total hours worked during the reporting period”.
Calculation Method :
Efficiency =(Standard Hours Produced (SAH) / Total worked (used) hours)×100
Note:
* Expressed as a percentage (%)
* SAH = (Output in pieces X Standard Minute Value / 60 min)
* Total working Hours = Normal Hours + Overtime Hours, of all workers
Efficiency Benchmark is 70% at the South Asian countries
No comments:
Post a Comment