Productivity = Output
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Productivity = Output. Input. What is Productivity. Productivity is a Measure of Performance Individual -- Group -- Organization -- Nation. Organizational Performance. Profitability Effectiveness Efficiency Cycle time Quality. Quality of Work life Innovation Utilization

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What is Productivity

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What is productivity

Productivity = Output

Input

What is Productivity

Productivity is a Measure of Performance

Individual -- Group -- Organization -- Nation


What is productivity

Organizational Performance

Profitability

Effectiveness

Efficiency

Cycle time

Quality

Quality of Work life

Innovation

Utilization

Productivity

Sink et al. (1984)


What is productivity

As a manager, what needs to know ?

Why we need the measures

Objectives -- Goals

Method -- Path

Achievement

Are we really up here?


What is productivity

How Measures are used?

Historical comparison

Compared with a base year (Index)

Compared with competitors

Compared with some certain standards

Benchmarking


What is productivity

Process

Input ??

Productivity Measurement

Perspectives of productivity

  • NarrowPerspective

  • B r o a dPerspective


What is productivity

Productivity

Measurement Techniques

  • Partial Productivity

  • Multi Factor Productivity

  • Normative Performance

  • Multi Criteria Performance


What is productivity

Productivity = Output

Input

PROs

VS

CONs

Partial Productivity

Labor Productivity

Capital Productivity

“Capital-labor substitution”


What is productivity

Multi-Factor Productivity

  • Consider all output & input at the same time and Convert things to price-based unit

  • Two models

    • Total Productivity

    • Total Factor Productivity


What is productivity

Total Productivity = Total tangible outputs

Total tangible inputs

Total Productivity

  • Define & Calculate Inputs

  • Define & Calculate Outputs

  • Develop data collection system


What is productivity

Total Productivity = Total tangible outputs

Total tangible inputs

PROs

VS

CONs

Outputs = Finished goods + WIP + All incomes(such as interests, dividends, rents, etc.)

Inputs = Capitals (fixed & working) + Materials + Energy + Human + Other expenses


What is productivity

Work Sheet for Output / Input Collections


What is productivity

Total Factor Productivity = Total Value Added

Total Factor Input

PROs

VS

CONs

  • Output is total gain from operation

  • Value Added = Net sales - Cost of good sold - Outsource services

  • Value Added = Net profit + Salary + Retained earning + Interest + Tax + Rent + Depreciation


What is productivity

Dimensions of Productivity

Quality Cost Delivery for customers

Ethics Environmentfor everyone

Safety Moralefor employee

สถาบันเพิ่มผลผลิตแห่งชาติ : QCDSMEE


What is productivity

PROs

VS

CONs

Normative Performance

Broad view

Structured group process

Delphi Technique


What is productivity

PROs

VS

CONs

Multi-Criteria Performance

  • Aggregate various measures created by Normative approach in an integrated fashion

  • Develop a new scale (Index)

  • For example: Objectives Matrix, Balanced Scorecard


What is productivity

Objectives Matrix

  • Construction Steps

  • Determine all possible measures

  • Rate the importance of measures

  • Develop overall Performance Index

Output is a Family of Measures (a weighted index of performance)


What is productivity

Objectives Matrix by Carl G. Thor


What is productivity

Objectives Matrix

Measurement Design

Accountant

Cook

Lecturer

Student

Home Service

Delivery Boy


What is productivity

Productivity Taxonomy

Select the right model

  • Dimensions for classification

  • TD1: Unit of Analysis

  • TD2: Time Frame for Measurement


What is productivity

Taxonomy: the guideline

Ind.

Firm

Plant

Dept

Group

Indv’l

  • MA

  • MF MF MF

  • MF MF MF

  • MC MC MC MC

  • MC MC MC MC

  • WM WM

MinHrs Days WkMthQtr Year


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