Productivity is the ratio of output to inputs in production; it is an average measure of the efficiency of production. Efficiency of production means production’s capability to create incomes which is measured by the formula real output value minus real input value.
Productivity Improvement Techniques
(A) TECHNOLOGY BASED
1. Computer Aided Design (CAD), Computer Aided Manufacturing (CAM), and Computer Integrated Manufacturing Systems (CIMS): CAD refers to design of products, processes or systems with the help of computers. The impact of CAD on human productivity is significant for the advantages of CAD are: Read more…
Productivity is the ratio of output to inputs in production; it is a measure of the efficiency of production. Productivity refers to the efficiency of the production system. It is the concept that guides the management of production system. It is an indicator to how well the factors of production (land, capital, labour and energy) are utilised.
European Productivity Agency (EPA) has defined productivity as,
“Productivity is an attitude of mind. It is the mentality of progress, of the constant improvements of that which exists. It is the certainty of being able to do better today than yesterday and continuously. It is the constant adaptation of economic and social life to changing conditions. It is the continual effort to apply new techniques and methods. It is the faith in progress.” Read more…
The standard of living of industrialized nations depends upon the economic efficiency of all its industrial enterprise great or small.
Introduction/Definition of Productivity
Productivity can be defined as the ratio of output in a period of time to the input in the same period time. Productivity can thus be measured as:
Productivity = output/input
In simple terms productivity is the quantitative relationship between what we produce (output) and the resources (inputs) which we used. Read more…
Measure Of Labor Productivity
Productivity is the relationship between the quantity of output and the quantity of input used to generate that output. It is basically a measure of the effectiveness and efficiency of your organization in generating output with the resources available.
Most simply, productivity is the ratio between output and inputs.
Productivity = Output/Input
Essentially, productivity measurement is the identification and estimation of the appropriate output and input measures. Read more…
The definition of Productivity is given as “OUTPUT” compared to “INPUT”. In the case of a garment manufacturing factory, “output” can be taken as the number of products manufactured, whilst “input” is the people, machinery and factory resources required to create those products within a given time frame. The key to cost effective improvements in output –in “productivity” –is to ensure that the relationship between input and output is properly balanced. For example, there is little to be gained from an increase in output if it comes only as a result of a major increase in input. Indeed, in an ideal situation, “input” should be controlled and minimized whilst “output” is maximized. Read more…