Examples of productivity measures, Operation Management

Assignment Help:

Examples of Productivity Measures 

Sales ($)/labour costs ($) 

Sales ($)/pay ($) 

Total value of sales (billed) ($)/labour costs($) + investment ($) 

Sales/salespeople 

Value of sales ($)/direct labour + indirect labour + materials + overhead costs 

Total pay/personnel department pay 

Yards of carpet laid/number of carpet layers 

Square metres of floor cleaned/cost of cleaner

Labour productivity/capital productivity  

Labour productivity 

1. units of output per labour hour

2. value added per labour hour 

3. dollar output per labour hour

4. production value per labour dollar

Capital productivity

1. units of output per dollar input

2. dollar output per dollar input

3. inventory turnover (dollar sales/ dollar inventory)

4. Energy productivity 

5. units of output per kilowatt hour 

6. unit of output per energy dollar input

7. production value per barrel of fuel member

Service productivity

1. units of output per overhead hour

2. increased sales (annual)/training (budget) 

3. number of customers served/staff

 


Related Discussions:- Examples of productivity measures

How determining the productivity of his organization, Eric Johnson makes bi...

Eric Johnson makes billiard balls in his New England plant. With recent increases in his costs, he has a newfound interest in efficiency. Eric is interested in determining the prod

Explain the role of the hrm professional, How do these policies and practic...

How do these policies and practices align with Apple, Inc.'s legal compliance standards? If alignment is not present, how does this affect the role of the HRM prof

Explain what is the annual number of orders, Office Supreme, Inc., a local ...

Office Supreme, Inc., a local retailer of office supplies, faces demand for one of its inventory items at a constant rate of 240,000 units per year. It costs Office Supreme $38 to

Operation research, A paper mill produces two grades of paper viz., X and Y...

A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y paper i

Appropriate control limits for the data, A quality team at Milburn Textiles...

A quality team at Milburn Textiles has been charged with setting up control charts to monitor a key dyeing process that has been improved and now stable.  The ideal temperature for

Explain an intentional relinquishment of a legal right, An intentional reli...

An intentional relinquishment of a legal right is a (n): Answer Infringement Breach of contract Waiver Termination liability

Explain the behaviours of leaders modelling excellence, Describe the behavi...

Describe the behaviours of leaders modelling excellence. How do you assess excellence and how does that inspire you to perform at a higher level?

Explain what organizations currently utilize six sigma, What is Six Sigma? ...

What is Six Sigma? Who started it? What organizations currently utilize Six Sigma

Line balancing, what do you understand by line balancing what happens if ba...

what do you understand by line balancing what happens if balance

Five focusing steps of theory of constraints, Five Focusing Steps of Theory...

Five Focusing Steps of Theory of Constraints Evaporating clouds  This is a term used to describe a methodology developed by Goldratt to resolve conflicts in a 'win-win' m

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd