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Productivity is the relationship between and enterprise's output and its inputs. High productivity implies that resources (inputs) are being efficiently utilized to produce output. For a logistics company dealing in the storage and movement of materials, productivity can be measured on the basis of:
Volume of Materials -- the volume of materials being shipped or stored at any one time should tally with the costs (resources) incurred for such shipment and storage. Costs such as warehouse rent and insurance would be constant regardless of the amount of material stored, in which case productivity would be higher if the volume of material efficiently utilizes the available space.
Volume of Rework -- repeated work would translate to higher input costs at relatively constant output levels. Furthermore, the time used up in rework could otherwise have been put to more productive value-adding activities. This implies that the higher the volume of rework, the lower the productivity index.
Volume of Rejects: in addition to taking up warehouse space, rejects cause a firm to incur...
Larger volumes of rejects and higher frequencies of rejection translate to higher operational costs and a lower productivity index.
Frequency of late deliveries - late deliveries are a sign of an underlying problem, which could be anything from a higher number of customers than the organization can handle to a high employee absenteeism rate. Regardless of the cause, late deliveries are a sign of inefficiency, and obviously, low productivity.
Work-related accidents: while accidents may sometimes be unavoidable and unpredictable, a high number of work-related accidents could be a sign of carelessness, or a result of inadequate training. All in all, accidents impact on progressiveness and work productivity.
Profits: profits are the surest manifestation of business success. Although they may not be an indication of efficiency, profits show that things are being done right, and the firm is, hence, generating high revenues and incurring fewer costs. To this end, a…
Wood indicates that "everyone has different motivations and aspirations that they wish to achieve in their life. Work-life balance is about adjustments that can be made to working patterns to enable people to combine work with the other facets of their life. Bratton and Gold (2003: 105) de-ne work-life balance as, 'the relationship between the institutional and cultural times and spaces of work and non-work in societies where income
Work Disability in Small Firms Work Disability Thesis Proposal Is There a Problem? What is the Contribution? Livermore, Whalen, Prenovitz, Aggarwal and Bardos (2011) explain how the connection between disability, work productivity and income benefits the whole society by reducing reliance on tax-funded support programs (p. 1). All of us have an interest in ensuring the most productivity from all workers, if stable employment for workers with disabilities frees up resources for other
Work Motivation Assignment Describe the Equity Theory. Equity theory is a theory regarding the fairness and justice of material allocation between individuals. It is where workers believe they are being rewarded accordingly or not. If he or she is over or under awarded, a notion of anguish is created. In the end, further efforts must be committed to restore appropriate worth. The theory is basically about whether or not both parties are
Improving Group Productivity The National Call Center for the Veteran's Administration (VA) Education Department employs over 700 people, which can be called upon to answer incoming calls from veterans. Within the four regional offices, there are employees of various positions, including Case Managers, Educational Liaison Representatives, application processors, and leaders who verify compliance, productivity, etc. With all employees being called upon to answer incoming calls, each employee needs to be aware
Figure 3. Central England Temperature Note: Blue bars indicates changes in CET annual values during the period 1877 to 2006 relative to the average over the 1961-90 baseline period (about 9.5 "C). Error bars enclose the 95% confidence range and the red line highlights decadal variations. Source: UK Climate Projections 2011 at http://ukclimateprojections.defra.gov.uk / content/view/751/500/ As shown in Figure 3 above, the Central England temperature (CET) has increased by approximately one degree Celsius
Montefiore Medical Center Reasons for Developing New Strategy Designing the new strategy involved several meetings by the Medical Center's employees to assist in the development of a balanced scorecard and initiating nation-level measures. In this regard, the firm developed a new strategy to represent the cause-and-effect linkages among the environment, strategy, and operating plan that could deliver the required financial results. The new system proposed by the strategy was initiated to ensure