- Duration: 2 Days
Course details
Today, we have the knowledge and experience needed for the successful management of organization however there is probably no field of human endeavor where the always tremendous gap between the knowledge and performance of great organizations and the knowledge and performance of the average is wider or more intractable. Taking a closer look at the demise of organizations, it is argued that issues relating to productivity and/or cost improvement results are a main cause. This programme aims to narrow the gap.
PROGRAMME OBJECTIVES
Upon completion of the programme, participants will be able to:
- Understand the concept, the process and functions of productivity and cost, and to review their role within the organization
- Obtain vital perspective in the concept of Value Add
- Compare and benchmark organization performance with others (regardless of industries) nationally, regionally and internationally
- Manage cost better with better focus
- Acquire knowledge on better understanding of subordinates and superiors
PROGRAMME OUTLINE
- Definition and concept of productivity
- The understanding of a “good target” or BDP
- Smart, Realistic and Challenging targets
- The role of attitude in Performance Matrix
- Introduction to team
- The handling of teams
- Human side of management – from Mayo’s lens
- Survey on the differences between the “wants” of subordinate-superior
- The causes of subordinates’ problems
- The analyses of M factors: hierarchy, intrinsic/extrinsic, and expectancy
- The use of M factors in solving problems
- Work measurement in enhancing productivity
- Time study
- A model for practical allowances
- Quality Assurance and Control
- Effective utilisation of QC Tools
- The concept of fool-proofing
- Comparison between prevention and inspection
- Kaizen and continuous improvement
- Ideas and Practices in Kaizen
- Benefits of Kaizen implementation
- Relationship between productivity and cost
- The international concept of VA in cost and productivity improvement
- Advantages of VA
- The linkage of VA with 4Ms and beyond in cost control
- The 6 major indicators in productivity and cost management
Course Location
About SMF Centre for Corporate Learning
The Singapore Manufacturing Federation (SMF), formerly known as the Singapore Manufacturers' Association, was first established in 1932. Its main aim is to champion the Singapore manufacturing sector. With a membership of over 2,800 corporate members ranging from MNCs to SMEs, SMa carries out a myriad of activities to enhance the competitive edge of our members.
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