Productivity

PRODUCTIVITY

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Productivity refers to the output relative to the inputs. In other words, it refers to the amount of goods and services produced with the resources used.

Measuring Productivity   

Partial productivity Total productivity Labour productivity

Labour Productivity   

Output per man hour Labour hours per unit of output Added value per unit of labour cost

Ways of measuring Productivity 

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To understand the factors that influence the relationship between output and input. Capital investments in newer and better machines, equipment and facilities. Productivity is directly proportion to the people hired. work envirnment.

Problems in measuring productivity 

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Work processes are complex and unwidely. It is also not clear how productivity ratios reflect products that change over a period of time. It is difficult to measure for a plant or company be developed when there are many outputs.

Areas of productivity          

Improving volume of production. Reducing rejection rates. Minimizing rework rate. Maintaining delivery schedules. Controlling idle time of machines and men. Establishing/updating/improving/setting industrial engineering norms. Updating process and procedures. Maintaining accuracy and timeliness of MIS. Checking absenteeism, thefts/ pilfers age and misconduct. Efficient training and team building.

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Enhancing customer satisfaction. TQM Decreasing machine set up time. Business process re-engineering (BPRE) Automation.