IMPLEMENTATION OF PROCESS ACCELERATOR FOR PRODUCTIVITY MANAGEMENT AND ENHANCEMENT IN SMEs

Abstract

Since the beginning of industrial revolution and setting up of manufacturing industries, resource productivity management has always been the main concern of the enterprises. Productivity management approaches have been developed and mastered in order to optimally utilize the resources under given dynamic constraints within an organization. Productivity management gains all the more importance in the time of economic downturn and slowdown when companies look to get more from less. There have been multiple theories and papers published on productivity management. Total productivity management (TPM) formulated and propagated by Dr David. J. Sumanth also talks about improving the competitiveness of products and services in quality, price, cost and customer responsiveness, thereby increasing the profitability, market share, and return on investment in human, material, capital, and technology resources. One of the major problems afflicting the TPM approaches is the scale. While these...