Question

In: Operations Management

A company wants to calculate some metrics for benchmarking purposes. Use the table below to calculate...

A company wants to calculate some metrics for benchmarking purposes. Use the table below to calculate the single factor productivity for Equipment, Material, Human Capital, and Energy. As well, calculate the total factor productivity. Do the calculations for both the Company and the Competitor. Show all of your work in the space below; correct by unsupported answers will be assigned a score of zero. Provide a verbal conclusion of your findings.

   COMPANY [$1000s] COMPETITOR [$1000s]
Equipment 70,000 85,000
Material 130,000 165,000
Human Capital 13,000 18,000
Energy 4,300 9,100
Sales 650,000 720,000

Solutions

Expert Solution

Conclusion:

The company is doing well and it's productivity is higher than the competitor. It's using the Inputs in a more efficient way as compared with the competitor's utilisation. It can be noted that, single factor productivity and also multi factor productivity both are higher than that of its competitors.

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