Productivity

Productivity - of an organizations products or services...

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Productivity Chapter 2 DS 412 Fall 2010
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Chapter 2 How does OM affect: Competitiveness Strategy Productivity
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Competitiveness How well does an organization meet customer needs relative to others who offer similar goods or services Marketing affects competitiveness through: Price Advertising Promotions
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OM and Competitiveness OM affect competitiveness through Product and service design Cost Location Quality Timeliness Inventory management Supply chain management
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Mission/Strategy/Tactics Mission/mission statement The reason for existence for an organization Strategy Plans for achieving organizational goals as described in the mission statement Tactics Operating procedures put in place and actions taken to accomplish strategy
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OM and Strategy Quality-based strategies Focuses on maintaining or improving the quality
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Unformatted text preview: of an organizations products or services Time-based strategies Focuses on reduction of time needed to accomplish tasks Productivity Productivity A measure of the effective use of resources The ratio of output to input Productivity = Outputs Inputs Productivity Measures Partial measures: output/(single input) Labor, machine, capital, energy Multi-factor measures: output/(multiple inputs) Labor& capital, machine & energy Total measure: output/(total inputs) Yield Yield is the ratio of output of good product to input Defective product is not included in the output Productivity Growth Productivity Growth = Current Period Productivity Previous Period Productivity Previous Period Productivity...
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Productivity - of an organizations products or services...

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