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What are the key criteria that are used to measure productivity?

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Question added by georgei assi , مدير حسابات , المجموعة السورية
Date Posted: 2014/09/25
Khan Sohal khan
by Khan Sohal khan , Associate , State Street Syntel Services Pvt Ltd.

productivity = output / input

Divyesh Patel
by Divyesh Patel , Assistant Professional Officer- Treasury , City Of Cape Town

Productivity is an overall measure of the ability to produce a good or service. More specifically, productivity is the measure of how specified resources are managed to accomplish timely objectives as stated in terms of quantity and quality.

Tanveer Qureshi
by Tanveer Qureshi , Director , Qureshi Associates

We can measure productivity of the output of goods or services by measuring production with input.

VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

1. Increase Production capacity utilisation.

2.Per employee production increases.

3.Reduction in wastages

4.Reduction in unwanted expenses

5.Optimum Time utilisation.

6.No Labour problems or unrest.

7.Business Environment.

8.All production mechanism are utilised in an economic manner.

9.Thinking and planning for expansions and additional capacity installations.

10. More economic inflows.A feeling of a business success. 

georgei assi
by georgei assi , مدير حسابات , المجموعة السورية

First. Quantity: attributed according to this measure of the number of units produced (output) to the number of units used in the production (human working hours, working hours of the mechanism, and units of raw materials, and energy units). 

      And this measure is characterized by simplicity and ease and the possibility of making comparisons to the performance of the workers doing the same work, or machines perform the same operations, but the problem with this kind of measurements that can not be used in the case of multiple products, and when there is a non-finished parts. Also, the expense of quantity does not show the improvements that occur in the quality of the product. 

Second. Value: We use multiplied by quantity × price. Vtnsp value of the output to the input value and is characterized by this measure the relative accuracy from its predecessor, and the possibility of measuring productivity for multiple products and parts is finished and to compare products that vary their prices. 

   In addition, the use of international standards based on the current condition of the production of any product to be identical answers a "ISO" a word derived from the Greek word "ISOS" equal and not any shortcut label. International Organization for Standardization in the field of standards ISO means equal thing compared with the standard.

 

 

Deleted user
by Deleted user

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