In a common language, Production is the creation of goods and services. Here we talk about the role of productivity measurement in operations management. We are sharing the powerpoint presentation of productivity measurement solved numerical so as to clear the basic concepts regarding productivity measurement. The productivity measurement ppt if free for download.
Below is the list of content covered in Productivity measurement presentation.
- What is operations management.
- What is productivity
- How to improve productivity.
- Types of productivity
- Productivity measurements solved problems
Measurement of productivity is an excellent way to predict the efficiency of the plant/process in a company. Here we are going to learn how to measure productivity.
Productivity Measurement / Management
Productivity Management (P. M) = Output / Input
By observing the equation, we can improve the productivity in two ways:
- Reduce the Input and keeping the output constant
- Reduce the Output and keeping the Input constant
Productivity = Units produced/labor hours used
For example: If the unit produced are 2000 and labor hours are 200 then,
Productivity = Units produced/labor hours used = 2000/200 = 10 units per labor hour
In this example, we used just one input resource but most of the cases we make use of the number of other inputs also such as management, the capital.
Single Factor Productivity: Indicates the ratio of one resource (input) to goods/services produced (output)
P.M = one output / one input
Multi-Factor Productivity: Indicates the ratio of more than one resource (input) to goods/services produced (output)
P.M = output / more than one input = output / (capital + management + labor + material + energy + other)
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