A Predetermined Time Standard (PTS) system establishes Basic Time, to which is added agreed allowances for Rest and Relaxation, Machine Delay and Contingency, thereby providing “Standard Time” for any given process.
PTS are used to construct Standard Time at a variety of levels – macro, operation, feature, and product – and form the foundation of Industrial Engineering practices and Costing procedures.
Unlike conventional measurement techniques, PTS does not rely on subjective “performance rating”, they are proactive rather than reactive, and they focus on method rather than time.
The major advantages of PTS are that they enable the user to pre-determine Standard Time (and therefore cost) for a given manufacturing process – even before production has begun – and they offer speed, accuracy, and consistency in establishing such data.
Moreover, PTS also facilitate the comparison of one method to another, thereby promoting improvements in productivity and a focus on continuous improvement.
A well-structured PTS – such as GSDCost – will consist of PTS data, related software, professional training, and formal Certification – the latter to ensure a high and acceptable standard of data application.
It will simultaneously provide multi-level data blocks enabling the user to focus on high-level data for speed and consistency in Costing, whilst also allowing access to lower-level data for Industrial Engineering practices and productivity gains.