Description
Productivity has many benefits. At the national level, productivity growth raises living standards because more real income improves people's ability to purchase goods and services, enjoy leisure, improve housing and education.
? Productivity is misunderstood by people who use it
Simply put – Resource Organization Goods/Services Then, Productivity = Output = Value of Good/Services Input Cost of Resources
? Productivity is a term that encapsulates the quality of
conversion process from a series of resource inputs to outputs, and subject to satisfactory measurements.
? Paul Mali- recognizes this issue in his book Improving
total productivity ? Productivity requires resources such as plant productivity, capital, material, technology productivity etc. Productivity Index = Performance achieved = Effectiveness Resources consumed efficiency
Increasing Productivity
? Increase in volume over a period of time
? Produce same volume over a period of lesser time ? Produce the same volume for lesser Inputs & time
Misconception in Measuring Productivity
? It is not a measure of volume of productions.
? It is not measurement of profitability ? It is not an anti-inflationary measure
? It is not a technique to make a worker harder.
Higher productivity and Reduced Cost
Other factors remaining constant ? When wages are paid on hourly basis ? Overheads are absorbed on time basis
Productivity and Quality
? Productivity and Quality goes hand in hand.
Example Japanese TV sets and Automobile.
Advantages of Higher Productivity
? To an individual concern
? To the workers ? To the Industry
? To the government
Theory of Constraints
? The Theory of Constraints was written by Eliyahu M
Goldratt and Jeff Cox in 1984.
Thank you
& All the best for your future endeavor
doc_182980689.pptx
Productivity has many benefits. At the national level, productivity growth raises living standards because more real income improves people's ability to purchase goods and services, enjoy leisure, improve housing and education.
? Productivity is misunderstood by people who use it
Simply put – Resource Organization Goods/Services Then, Productivity = Output = Value of Good/Services Input Cost of Resources
? Productivity is a term that encapsulates the quality of
conversion process from a series of resource inputs to outputs, and subject to satisfactory measurements.
? Paul Mali- recognizes this issue in his book Improving
total productivity ? Productivity requires resources such as plant productivity, capital, material, technology productivity etc. Productivity Index = Performance achieved = Effectiveness Resources consumed efficiency
Increasing Productivity
? Increase in volume over a period of time
? Produce same volume over a period of lesser time ? Produce the same volume for lesser Inputs & time
Misconception in Measuring Productivity
? It is not a measure of volume of productions.
? It is not measurement of profitability ? It is not an anti-inflationary measure
? It is not a technique to make a worker harder.
Higher productivity and Reduced Cost
Other factors remaining constant ? When wages are paid on hourly basis ? Overheads are absorbed on time basis
Productivity and Quality
? Productivity and Quality goes hand in hand.
Example Japanese TV sets and Automobile.
Advantages of Higher Productivity
? To an individual concern
? To the workers ? To the Industry
? To the government
Theory of Constraints
? The Theory of Constraints was written by Eliyahu M
Goldratt and Jeff Cox in 1984.
Thank you
& All the best for your future endeavor
doc_182980689.pptx