Productivity+in+Operations

Productivity+in+Operations - Increasing Productivity in...

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Increasing Productivity in Operations Managing the Process of Production and  Provision of Services for Greater  Productivity
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Managing Operations for Efficiency – Increasing Productivity How do you manage production to be  more efficient and more productive? How do you get a larger output for the same  inputs How do you match your output better to the  environment
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Increasing Productivity Productivity A measure of efficiency How much is produced relative to the  resources used to produce it Productivity goes up when more is produced  for the same inputs
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Increasing Productivity Productivity Often measured on a country-wide basis Labour productivity =       GDP                  of a country     total workers It is measured this way because  statistics on labour are easiest to  collect
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Increasing Productivity Productivity in Canada Productivity has been falling in Canada Canada now ranks 17 th  in productivity  worldwide, with productivity about 75% of the  U.S. value Canada relies on exports of natural  resources, rather than on enhanced finished  goods
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Increasing Productivity Effect of Reduced Productivity Higher productivity means additional wealth  that can be shared between workers,  investors and customers Lower productivity means wages rise only if  investors or customers pay more
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Increasing Productivity Higher productivity allows  Greater profit for the same price, or Lower prices for customers Productivity varies as well by industry In general service industries are less  productive than industries producing goods
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Increasing Productivity How do you manage to increase  productivity Invest in growing, productive industries Remove waste within production processes Add labour value through education Remove government waste, regulatory  barriers
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