In manufacturing companies where the SMV’s are based on data produced from historical records & traditional manual work study methods, the results are likely to be unreliable subjective estimates. Nowadays many brands / buyers prefer costing based on a more objective, fair & scientific method.
Businesses who continue to use these historical and outdated methods are at risk of making business-critical decisions based upon a false promise.
A critical element of a successful manufacturing business is to ensure the Standard Minute Values (SMV’s) used for costing, capacity calculations, line balancing and performance target and planning, are accurate, reliable and consistent. With our TMIS, Improve up to 20% higher productivity in 365 days.