This is an interesting article
Time Study and its Application to Engineering Manufacture
David M. Smith, B. Sc., Graduate.First Published June 1, 1925 Research Article
https://doi.org/10.1243/PIME_PROC_1925_108_011_02
The author says it has four functions
1. The Securing of Manufacturing Efficiency
2. The Improvement of Design
3. The Reduction of Fatigue
4. The Fixing of Piece Work Prices
The first one is the most important function.
https://journals.sagepub.com/doi/abs/10.1243/PIME_PROC_1925_108_011_02
Would be good to read the full article.
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