Several sets of readings are taken to arrive at an accurate result.

This stop watch should have a decimal scale dial so that it can read up to 0.001 minute.ĭifferent time readings of one element are recorded in the corresponding column of the record sheet. On one corner generally right hand top corner a stop watch is placed. The study is done on a printed time study record sheet as shown below which is fixed on a board known as Time Study Board. Therefore, to find the correct manufacturing time for product, time study is performed by the Time Study Engineer. Secondly, whenever a customer contracts for the purchase of certain products then he desires that the products should reach to him at a promised date which is only possible when manufacturer is aware of the time to be taken by the product during manufacture. As labour cost depends upon time estimation, therefore, time must be estimated correctly as far as possible. Thus exact estimation of time is very essential for correctly pricing. If the prices are higher, then, the manufacturer may not get supply orders and if these are lower, then losses may occur. Therefore, to give competitive quotations, estimation of accurate labour cost is very essential as it has got large effect on the price. When a customer wants to purchase some products, then he usually compares the prices with those of similar products, which are being manufactured by other producers. ADVERTISEMENTS: Meaning and Definition of Time Study :

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