The stock market crash - and after

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Monograph

Identifikator:: 1815583320

URN:: urn:nbn:de:zbw-retromon-204544

Document type:: Monograph

Author:: Fisher, Irving http://d-nb.info/gnd/118533541

Title:: The stock market crash - and after

Place of publication:: New York

Publisher:: Macmillan

Year of publication:: 1930

Scope:: XXVI, 286 S.; graph. Darst

Digitisation:: 2022

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

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Document type:: Monograph

Structure type:: Chapter

Title:: Chapter IX. Industrial Management

Collection:: Economics Books

148 The Stock Market Crash—And After cial girls to clean machines and floors, and pro- vided containers to hold finished products. The speed of the machines was not changed and nothing was said to the operators about increasing their out- put, but as these time-consuming obstacles were removed, they increased production within a month by 42 per cent, and greatly improved quality. The wages of the operators increased automatically because they were on piecework. The management found that costs were reduced in spite of the invest- ment in improvements.” Technique of Improved Layout “Does management stop with revealing the obsta- cles to a free flow of work through a manufacturing plant 2” “Management does not stop here. It has devel- oped a technique of clearing the way for a more swift-flowing stream of material by improving the layout of the plant, by eliminating unnecessary han- dling of material, by better planning and scheduling, and by more effective direction of a business as a whole.” “How is the layout of a manufacturing plant determined?” “By the flow of work through that plant; that is, the movement of material from one process to another. It is necessary to know the processes through which the material must pass, their sequence, the machines or equipment required, and, if the

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