Productivity is an indicator of efficiency with which resources, both human and material, are transformed into useful services and goods. The vital purpose of the prevailing work was to analyze the factors involved in the improvement of productivity in all its types such as material, capital, labor, machine and total productivity at the plant. This was obtained by decreasing the manufacturing cost per component by reducing its cycle time and increasing the monthly production rate. The experimentation revealed that using proposed processes and improved tooling, monthly production rate has increased by 16.2% due to reduced cycle time, the number of defected components i.e. rejection rate has reduced up to 2%. A reduction of 6.78% in manufacturing cost per component was recorded. Tooling cost has reduced by more than 12%. Saving up to 50% in inspection cost has been recorded due to close dimensional tolerances and high surface finish achieved on components. An increase of 4.84% was recorded in total productivity.