A Review on Productivity Improvement in Manufacturing Processes

Productivity is a matter of some debate since it is directly related to the GDP growth of a specific company or manufacturing firm. Productivity is the lifeblood of any industrial company’s profitability. The product that is not produced in sufficient quantities results in lower-income because there is simply less to sell. Prices may need to be raised if production levels are low in order to earn the necessary profitability for survival. However, if buyers can find a lower price elsewhere, this move is likely to drive them away. Productivity is one of the most important markers of success in the manufacturing industry. In truth, most factories’ primary goal is to produce enough items to grow and meet customer satisfaction. In this review, we have discussed various factors which influence the productivity of the workplace. Furthermore, methodologies adopted by several authors, previously in the sector of enhancing the productivity of a particular machine or a workplace, have been discussed. This review is focused on the assessment of different projects executed in order to improve the productivity of a particular machine like VMC or CNC or a workplace for a manufacturing company.