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| After studying this chapter, you will be able to: 1. Explain the three major components of organizational productivity. 2. Discuss the benefits of work-methods improvement. 3. Distinguish between motion study and time study. 4. Present a systematic approach for improving work methods. 5. Describe the Kaizen philosophy for improvement. 6. Describe the supervisor’s role in improving productivity through cost reduction and control. 7. Summarize several cost-reduction strategies that can be helpful to supervisors. 8. Identify several areas of concern to supervisors that tend to be especially susceptible to cost overruns. 9. Discuss the major types of inventories and explain the purposes for carrying inventories. 10. Explain the just-in-time approach to inventory control. |