Adopt "5S Principles" in Bank and Improve Productivity
Article Details
Pub. Date
:
September, 2005
Product Name
:
PROFESSIONAL BANKER
Product Type
:
QUALITY CONTROL
Product Code
:
PBQC10509
Author Name
:
A Lakshminarasimha and S Murali
Availability
:
YES
Subject/Domain
:
Finance
Download Format
:
PDF Format
No. of Pages
:
6
Price
For delivery in electronic format: Rs. 50;
For delivery through courier (within India): Rs. 50 + Rs. 25 for Shipping & Handling Charges
Download
To download this Article click on the button below:
Abstract
The ultimate aim of any modern corporate is growth with profit maximization. Growth is the first and foremost characteristic of nature and its products which include modern societies with all their industrial, agricultural and service sectors and above all the research organizations to cater to the needs of primary, secondary and tertiary sectors. Governed by the laws of the universe and nature, societies, markets and above all human life are in the constant churn of development in the realm of creativity and innovativeness.
Description
5S is an accepted practice in the industry to help
improve productivity. It has been found that
industries that have been successful in enhancing
the productivity (and won awards of excellence) have
adopted this principle. The authors feel that nothing could
come in the way of implementation of these principles at
the office level as well as in services sector like banks. By
adopting these good practices banks would be in a position
to achieve quantum increase in productivity both in the
front-end and back-end operations.
5S Principles would
enable the bank to be more customer focused. A direct
benefit from this would be increased customer satisfaction
and customer delight, and resultant increased business.
The paper introduces the concept of 5S (which is popular
in shop floor) in offices. Thereafter, it provides proposal
on its application in banks—both front office (customer)
and back end (support systems) and the steps that can be
taken for implementation.
5S Principles are needed for implementation of
productivity improvement measures in any organization.
This is a major step for any continuous improvement
program in an organization in its march towards achieving
leadership in its area of business.
Keywords
Adopt "5S Principles" in Bank and Improve Productivity , customer, productivity, implementation, organization, improvement, business, industries, leadership, services, systems,productivity improvement measures , support systems.