Concept explainers
a)
To define: Productivity
Introduction: Productivity is the measure of performance of a person, machine or an organization. It is computed by dividing the average output per period by the total cost incurred or resources used in the process.
b)
To determine: The usage of productivity measures.
Introduction: Productivity is the measure of performance of a person, machine or an organization. It is computed by dividing the average output per period by the total cost incurred or resources used in the process.
c)
To determine: The importance of productivity.
Introduction: Productivity is the measure of performance of a person, machine or an organization. It is computed by dividing the average output per period by the total cost incurred or resources used in the process.
d)
To determine: The unit in the organization which is primarily responsible for productivity.
Introduction: Productivity is the measure of performance of a person, machine or an organization. It is computed by dividing the average output per period by the total cost incurred or resources used in the process.
e)
To explain: The difference of productivity from efficiency.
Introduction: Productivity is the measure of performance of a person, machine or an organization. It is computed by dividing the average output per period by the total cost incurred or resources used in the process.
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Operations Management
- Explain in two or three paragraphs several uses managers can make of accurate productivity measurement.arrow_forwarda. What do we mean by productivity?b. What are the factors that drive productivity? Explain.arrow_forwardWhat is the role of Top management productivity of a pharmaceutical company or industry? Please answer at your own easy words.arrow_forward
- Productivity is efficiency plus effectiveness. What is efficiency? Effectiveness? Briefly discuss each.arrow_forwardExplain the meaning of the saying productivity is a relative measure ?arrow_forwardAnalyze the level of productivity at the company,along with the productivity variables.how can the company improve its level of productivity? explain thoroughly.arrow_forward
- Productivity:a) can use many factors as the numerator.b) is the same thing as production.c) increases at about 0.5% per year.d) is dependent upon labor, management, andcapital.e) is the same thing as effectiveness.arrow_forwardThe statement that best to describe the productivity challenge is, except. Group of answer choices a. increasing production equates to increasing efficiency. b. enhancing the outputs to inputs ratio in the manufacturing process is one of the operations manager's c. responsibilities. d. increases in production can help to raise the standard of life. e. impossible to determine whether the economy is in a downward trend.arrow_forwardDiscuss why superior efficiency is important and the many ways that different parts of the organization can help achieve it.arrow_forward
- What is a productivity Cycle? Explain it with an example.arrow_forward(b) Productivity is related with outputs and inputs. i) List ONE example of outputs and inputs each. ii) Derive the productivity Equation using outputs and inputsarrow_forwardI'm not certain where to start with this questionDetermine the productivity for each month. Assume labor costs $10.00 / hour and each unit sells for $25.00.Month Labor (hours) Material costs Output (units) ProductivityJanuary 400 $5,000 8,000February 350 $3,500 7,000March 450 $6,000 6,000A) State the formulaB) Calculate ProductivityC) Interpret the resultsarrow_forward
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