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093572 1 (1973-12-21)

handle is hein.gao/gaobacxgd0001 and id is 1 raw text is: UNITED STATES GENERAL AccoUNTING OFFICE WASHINGTON, D.C. 20548 GENERAL GOVERNMENT DIVISION LM093572 The Honorable Warren F. Brecht Assistant Secretary for Administration gEST DOCUMENT AVMLABUE Department of the Treasury Dear Mr. Brecht: The General Accounting Office has completed the survey phase of an industrial management review at the Sureau of Engraving and Printing. The Bureau has demonstrated a record of productivity improvements and has active plans for continued productivity improvement. In view of the planned actions, we do not intend to perform a detailed review, but woulu like to call to your attention some of our more important observations. We performed the survey by (1) analyzing the total 3ureau productivity, and more specifically, that of the Office of Currency and Stamp Printing and the Office of Securities Processing, which combined, account for about 60 percent of the Bureau's operating cost, (2) determining the trends in the costs of the Bureau's major prordcts, and (3) investigating equipment aind manpower utilization. Our assessment is that Bureau management has applied its attention to productivity improvements and cost control in both offices and across all product lines surveyed. Except for slight declines in the 1972 and 1973 periods, the Bureau has been showing a continuous record of productivity improvement since 1967. As reflected in the Bureau's October 1073 publication, A Management Review, the area of equipient and manpower utilization should receive, in our opinion, priority attention to insure the success of Bureau Nanagement plans for pro-buctivity improvemtent. Aggressive efforts are needed to insure maximum economic run time of existing capital equipment. For example, the six Giori presses, which produce over 70 percent of the currency, run between 50-60 percent of the total shift time. Careful examination of existing production 72.

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