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Productivity: Presented By-Abhinandan Ravi

Productivity is defined as the efficient use of resources to produce goods and services. It is measured as the ratio between outputs and inputs, meaning higher productivity is achieved by gaining more outputs with the same level of inputs or maintaining outputs with fewer inputs. Productivity differs from production, which refers to the amount of goods made, and efficiency, which compares actual outputs to potential outputs. Total factor productivity considers outputs relative to all traditional inputs of labor and capital. Key factors that affect productivity include manpower, equipment, facilities, time, energy, financing, and material movement. Improving productivity provides benefits like higher profits, better employee welfare, increased returns, and customer satisfaction. Common tools to boost productivity are introducing new technologies, employee training,

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Abhinandan Payakka
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25 views9 pages

Productivity: Presented By-Abhinandan Ravi

Productivity is defined as the efficient use of resources to produce goods and services. It is measured as the ratio between outputs and inputs, meaning higher productivity is achieved by gaining more outputs with the same level of inputs or maintaining outputs with fewer inputs. Productivity differs from production, which refers to the amount of goods made, and efficiency, which compares actual outputs to potential outputs. Total factor productivity considers outputs relative to all traditional inputs of labor and capital. Key factors that affect productivity include manpower, equipment, facilities, time, energy, financing, and material movement. Improving productivity provides benefits like higher profits, better employee welfare, increased returns, and customer satisfaction. Common tools to boost productivity are introducing new technologies, employee training,

Uploaded by

Abhinandan Payakka
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PPTX, PDF, TXT or read online on Scribd
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PRODUCTIVITY

-Presented By-
ABHINANDAN RAVI
PRODUCTIVITY
DEFINITION
Productivity is defined as the efficient use of
resources labour, materials , energy,
information, in the production of various
goods and services. Higher productivity means
accomplishing more with the same amount of
resources or achieving higher output in terms
of volume and quality form the same input
MEANING
PRODUCTION Vs PRODUCTIVITY
PRODUCTION
the process of making or growing goods to
be sold or the amount of goods made
or grown
VS
PRODUCTIVITY
Productivity is the ratio between output and
input. It is quantitative relationship between
what we produce and what we have spent to
produce.
EFFICIENCY Vs PRODUCTIVITY
EFFICIENCY
The comparison of what is actually produced
or performed with what can be achieved with
the same consumption of resources
Vs
PRODUCTIVITY
Productivity is the ratio between output and
input. It is quantitative relationship between
what we produce and what we have spent to
produce.
TOTAL FACTOR PRODUCTIVITY (TFP)

Total factor productivity (TFP)


Also called multi-factor productivity, is the
portion of output not explained by
traditionally measured inputs of labour and
capital used in production
FACTORS AFFECTING PRODUCTIVITY
• Man Power
• Equipment and Machines
• Floor Area or Space
• Time
• Power or Energy
• Finance
• Movement of Man and Materials
BENEFITS OF PRODUCTIVITY
• Higher profit
• Employees welfare
• Better return
• Nice relation
• Customer satisfaction
TOOLS & TECHNIQUES FOR
IMPROVING PRODUCTIVITY
• Introducing new equipments
• Improvement in technology
• Training
• Motivating the employees
• Quality circle
• Improve work place conditions
THANK YOU

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