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

Explain division of work (or labour), Explain Division of Work (or Labour)....

Explain Division of Work (or Labour). It is a famous principle of Economics, invented through  Adam Smith  who was the traditional economist. Fayol had advocated Division of wo

Explain what should the pay structure look like, What should the pay struct...

What should the pay structure look like? What pay mix would you recommend? 5. How should Nathan communicate a new compensation strategy to his franchisee owners and managers? 6. Wh

Why restaurant can engage in socially responsive activities, Three ways in ...

Three ways in which the restaurant can engage in socially responsive activities in the commununity within which it operates

Intermediate objective goals, Intermediate objective goals 1. Machine...

Intermediate objective goals 1. Machinery and Equipment: The objectives in the  area of machinery  and equipment  are divided into: Acquisition of machinery and  equi

Explain about the economics of scope of lean production, Explain about the ...

Explain about the economics of scope of lean production. Economies of scope: It is possible while resources as like machinery or labour can be shared to manufacture vari

Explain exceed the amount invested in auto loans, A bank is attempting to d...

A bank is attempting to determine where its assets should be invested during the current year. At present, $500,000 is available for investment in bonds, home loans, auto loans, an

Explain what key technological features of sap, What key technological feat...

What key technological features of SAP set it apart from conventional business accounting/planning/control software?

Explain development of criminality, Use the Internet to research the case o...

Use the Internet to research the case of Matias Reyes, the "iceman who confessed" to the brutal rape of the "Central Park jogger" in 1989. Step 2: Post your responses to the follow

Is true that a mpc can run independent of the operation plan, Which of the ...

Which of the following is true? MPC can run independent of the operation plan. Business failure can result from poor MPC performance. In PAC, order release directly affect

Explain whole foods market has a mission, 1. What evidence do you find in t...

1. What evidence do you find in this case, either explicitly or implicitly, that indicates that Whole Foods Market has a mission, core values, or is practicing decision-making that

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