Productivity challenge in organisations, Operation Management

Assignment Help:

Productivity Challenge in Organisations

Productivity is the ratio of outputs (goods and services) divided by the inputs (resources: labour, capital and services). It is one of the prime functions of the operations manager to increase productivity. 

There are two ways to achieve and improve: 

  • Decrease the inputs but maintain the outputs
  • Increase outputs with the same inputs.

 

Productivity therefore tends to be used as a measure of the efficiency with which the resources employed by the organisation (ie human resources, materials or capital resources) are converted into the goods or services sold by the company. Increasing organisational efficiency, in terms of improving the output achieved for a similar input, is the most common way in which productivity will be raised.


Related Discussions:- Productivity challenge in organisations

Define how you might take production line approach, Q1: Explain how you mig...

Q1: Explain how you might take production line approach (transferring the concepts and methodologies of operations management) to a service organization such as a branch bank. Q

Explain type of cost-plus contract provides the seller, Which type of cost-...

Which type of cost-plus contract provides the seller with a guaranteed dollar-value profit rather than as a percentage? Answer Cost-sharing Cost-plus-award-fee Cost-plu

Explain what must the beta of this stock be, A stock has an expected return...

A stock has an expected return of 10.2 percent, the risk-free rate is 4.5 percent, and the market risk premium is 8.5 percent. What must the beta of this stock be?

Explain what is your personal entrepreneurial strategy, 1. Who was Ewing Ma...

1. Who was Ewing Marion Kauffman, what did he do, and what was his philosophy of entrepreneurial leadership? 2. What is the difference between a manager and a leader? 3. Defi

Mb0044, What do you understand by “line balancing”? What happens if balance...

What do you understand by “line balancing”? What happens if balance doesn’t exist?

Explain the costs of the new systems that may be implemented, What are the ...

What are the costs of the new systems that may be implemented? How do we justify their implementation at Can Go?

Compute the cpk for this machine, 1) C-Spec, Inc., is attempting to determi...

1) C-Spec, Inc., is attempting to determine whether an existing machine is capable of milling an engine part that has a key specification of 4+6 .003 inches. After a trial run o

Explain affirmative action, When it is claimed that people that ‘pay' for w...

When it is claimed that people that ‘pay' for wrongs are unfairly burdened and should not bear the responsibility for the acts of others, they are opposing to Answer reverse discri

Explain the role viruses other malicious code, Explain how the Internet has...

Explain how the Internet has aided criminal activity. 2. Provide three (3) specific examples of how the Internet has aided criminal activity. 3. Identify the types of crime that tr

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