Differential Piece Rate System #shorts #wagepayment #worker #job #timeallotment #highrate#production

The management of company F Ltd now, realised its folly. In order to rectify the situation, it appointed a management consultant M consultants' to recommend a restructure plan to bring the company back on the rails. M consultants undertook a study of the production process at the plant of the company F Ltd and recommended the following changes: 1. The company should introduce scientific management with regard to production 2. Production planning including routing, scheduling, dispatching and feedback should be implemented 3. In order to separate planning from operational management, functional foremanship' should be introduced. 4. Work study should be undertaken to optimise the use of resources. 5. Standardisation' of all activities should be implemented to increase efficiency and accountability. 6. To motivate the workers differential piece rate system should be implemented. 7. The above changes should be introduced apart from the steps recommended in case problem (as an answer to question number 3 of that case problem) It was expected that the changes will bring about a radical transformation in the working of the company and it will regain its pristine glory. What precautions should the company undertake to implement the changes?

The management of company F Ltd now, realised its folly. In order to rectify the situation, it appointed a management consultant M consultants' to recommend a restructure plan to bring the company back on the rails. M consultants undertook a study of the production process at the plant of the company F Ltd and recommended the following changes: 1. The company should introduce scientific management with regard to production 2. Production planning including routing, scheduling, dispatching and feedback should be implemented 3. In order to separate planning from operational management, functional foremanship' should be introduced. 4. Work study should be undertaken to optimise the use of resources. 5. Standardisation' of all activities should be implemented to increase efficiency and accountability. 6. To motivate the workers differential piece rate system should be implemented. 7. The above changes should be introduced apart from the steps recommended in case problem (as an answer to question number 3 of that case problem) It was expected that the changes will bring about a radical transformation in the working of the company and it will regain its pristine glory. Do you think that introduction of scientific management as recommended by 'M consultants will result in intended outcome?

Tricom Ltd.' a computer hardware manufacturing company imported a new machinery for manufacturing latest technology based computer systems. The human resource manager determined that for operating the new macines, the company required the necessary workers through placement agency. After 3 months, it was reported by the production manager that the workers were not able to meet the target production. The General Manager got annoyed and ordered inquiry for the same. It was reported that the newly recuired workers possessed the necessary skills and abilities but lacked the willingness to do work. (i) Name the functions of management involved above. (ii) Name the relevent concept of functions identified in (i). (iii) Which concept of management will help the company in meeting the target production ?

Differentiate between Short Period production and Long Period production function .