Productivity Techniques

It has become the primary concern of any organization to concentrate on all the possible measures that will enhance the productivity of the firm.
Productivity can be achieved in number of different ways. It is important to identify the numerator and the denominator in the productivity formula.
They are;

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You can complicate this definition by including other factors like energy and resources, but I prefer the simplicity of time because in most cases factors like energy and resources are reducible to time anyway. Time also makes it very easy to compare different levels of productivity, such as output per hour or per day.

Apparently you can make some significant gains on the time side. There are many personal productivity optimizations which, especially if you introduce them in your youth, will produce a massive net savings of time over the course of your life. The more time you invest in any optimization attempt, the lower your net return, all else being equal.

Companies successfully moving towards productivity will achieve economy, efficiency and effectiveness. This will have positive reciprocal effect on firms’ profitability. As such firms not only view its production capability as a holistic picture rather greater emphasis and care is taken in measuring each and every activity in the production process as micro latitude.

A separate specialized area has emerged in this arena under the name of work study where attempts are made to find out the time taken to complete a production process and thereby find ways and means to reduce the same. This will undoubtedly help enhance the productivity.

The other ways are in plenty. Japanese always believe in lean manufacturing and activity-based management. Also it is an important phenomenon to keep the materials and other accessories in the production floor in an easily accessible way. A research done in one of the Japanese factories has found that if only the relevant tools and equipment needed for the production are kept at an arranged way that will yield greater productivity. A detailed study on this approach is called 5S system.

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