Question

Excellent explanation of 4 techniques applied to improve efficiency and productivity. (400 words)

Answer 1

Ans- Productivity improvement is to do the right things better and make it a part of continuous process. Therefore it is important to adopt efficient productivity improvement technique so as to ensure individuals and organization‟s growth in productivity.

  Productivity is the ratio between output and input. It is quantitative relationship between what we produce and what we have spent to produce. Productivity is nothing but reduction in wastage of resources like men, material, machine, time, space, capital etc. It can be expressed as human efforts to produce more and more with less and less inputs of resources so that there will be maximum distribution of benefits among maximum number of people. Productivity denotes relationship between output and one or all associated inputs. European Productivity Council states that „Productivity is an attitude of mind. It is a mentality of progress of the constant improvement of that which exists. It is certainty of being able to do better than yesterday and continuously. It is constant adoption of economic and social life to changing conditions.

Some Techniques for Measurement of Productivity:

• Review Your Existing Workflow.
• Update Processes and Technology
• Train and Educate Employees.
• Maintain Optimal Inventory.