How can you identify productivity improvement?
When you get more out of your existing resources or the same out of fewer resources, you’ll increase capacity, reduce unit cost, improve your response. That’s productivity improvement: the improved ratio between output and input.
Here’s a list of the resources in any business or organisation.
At the heart of any productivity issue, you’ll probably find some or all of three factors: cost, capacity and response. Check out some typical issues and what you should do to address them. With better methods and organisation, higher targets and good measures you will benefit from reduced costs, improved capacities and better planning and use of your resources.