One time, I was required to decide about the amount and type of resources required to produce new product and it was not easy task at all since we do not have any previous experience about producing such product. However, I decided on the minimum amount after a thorough analysis done with coordination with other concerned departments (marketing and sales) 4.Differentiate between Production and Productivity. Production is about mixing together all inputs required to create a product, good, or service at the aim of satisfying customers’ needs and wants.Productivity is about maximizing and increasing the output from each unit of inputs during the production process. Productivity can be increased by adopting effective training and development programs of all employees. The production data for a Pump manufacturing Company for past two years are given in following table. Comment whether the company has improved its productivity in the given parameters.Sr. No.Particulars2012-20132013-2014
1Production of Pumps 211, 342232,6782No. of workers6156233Machine running hours120,3451234564Paint used in liters167818105Raw material purchased in $ (000)1258814065We can realize that with 615 worker the production of units was 211,342 which means 343.6 pumps per worker. In 2013-2014, with an increase of 8 workers the production is supposed toincrease by 343.6 * 8 = 2748 pumps but the actual increase in production was too much higher than this value as it increased by 21,336. By looking at other variables, we can see that the increase in production overweight the overall increase of all parameters so we can tell that the productivity has improved by adding the extra 8 workers.5.Discus the various strategies used by organizations to gain competitive priorities over its competitors with suitable examples.