Productivity Variables Notes: Definitions & Explanations PDF | Download eBooks
Study Productivity Variables lecture notes PDF with supply chain management definitions and explanation to study “What is Productivity Variables?”. Study productivity variables explanation with SCM terms to review supply chain management course for online MBA programs.
Productivity Variables Definition:
Three factors critical to productivity improvement - labor, capital, and the art and science of management.
Operations Management: Sustainability and Supply Chain Management by Jay Heizer, Barry Render, Chuck Munson
Productivity Variables Notes:
Productivity variables ensure the productivity enhancement through different factors such as labor, capital and proper management. Labor mainly comprise of workforce whether skilled, or non skilled. Productivity can be improved by improving the some key areas which are related to the labor such as social overhead, effective labor force. Capital can improve productivity by installing the latest technology in manufacturing processes. Management also play important role in improving productivity by collecting and disseminating knowledge efficiently. The management team use labors force effectively, and know how to manage capital efficiently to enhance the productivity of business.
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