Productivity Notes: Definitions & Explanations PDF | Download eBooks

Study Productivity lecture notes PDF with supply chain management definitions and explanation to study “What is Productivity?”. Study productivity explanation with SCM terms to review supply chain management course for online MBA programs.

Productivity Notes:

It is a ratio of what we get from what we put in. To achieve higher productivity organizations always use effective equipment, utilize time in efficient manner during production process which in returns generate greater value to achieve the goals of the organization. Productivity could be increased without making change in the assets of the company by making all the process effective. It can be boost by motivating employees who are the key assets and engage them in the supply chain activities. Keep all the data up-to-date for all inventory levels, individual products and customer requirements which indirectly improve the productivity.

Productivity Notes:

Profitability portrays different proportions of the proficiency of generation. Frequently (yet not constantly), a profitability measure is communicated as the proportion of a total yield to a solitary information or a total information utilized in a creation procedure, for example yield per unit of info, commonly over a particular time frame. Most normal model is the (total) work profitability measure, e.g., for example, GDP per specialist. There are a wide range of meanings of profitability (counting those that are not characterized as proportions of yield to enter) and the decision among them relies upon the reason for the efficiency estimation or potentially information accessibility. The key wellspring of distinction between different profitability measures is additionally typically related (straightforwardly or by implication) to how the yields and the sources of info are accumulated into scalars to acquire such a proportion type proportion of efficiency.

Keep Learning with Supply Chain Management Notes