Industrial Engineering Formula (SOL
Industrial Engineering Formula (SOL
FORMULA
Prove It
𝑆𝑀𝑉
❖ BMV = 1.15
Operator P Q R
Context Before After Before After Before After
Cycle Time 2.5 .89 2.61 .89 2.86 .89
Capacity 24 24 23 23 21 21
3. SMV Balance
✓ Calculate SMV Factor = .1667 * 1.0 = .17
✓ Add SMV Factor with SMV of A = .66 + .17 = .83
✓ Less SMV Factor from SMV of B = 1.0 - .1667 = .83
Abbreviation
CT = Cycle Time
MP = Man Power
OT = Over Time
CF = Capacity Factor
SAM = Standard Allowed Minute
SMV = Standard Minute Value
BMV = Basic Minute Value
OCS = Organic Cotton Standard
RDS = Responsible Down Standard
5S = Sort, Set in Order, Shine, Standardize, Sustain.
6M = Man, Machine, Materials,
Money, Method, Management.
SOP = Standard Operating Procedure
TACCT = Total Average Cycle Check Time
BPT = Basic Piece Time
HPT = Higher Piece Time
LPT = Lower Piece Time
BNP = Bottle Neck Point
LB = Line Balance
CP/WP = Current Pcs / Worker Potential Pcs
CM = Cost of Manufacture
CPM = Cost Per Minute
PPM = Price Per Minute
EPM = Earnings Per Minute
PM = Profit Margin
WRAP = World-wide Responsible Accredited Production
TLS = Traffic Light System
OWE = Overall Working Efficiency
OEE = Overall Equipment Effectiveness
RACI = Responsible, Accountable, Consulted& Informed
RACCI = Reasonable Advisory Committee on Chemical Incident
BSCI = Business of Social & Compliance Initiative
GEMBA = GencyGenbustu, Engage, MudaMura Muri, Be Respectful,
Analysis
PDCA = Plan Do Check Act
KPI = Key Performance Indicator.(K PabeIncreament)
PIB = Profit Incentive Bonus
PRIDE = Prevent, Recognize, Investigate, Drive, Evaluate.
SSS = Size Set Sample
RFID = Radio Frequency Identification Data
MR = Minimum Requirement