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shaester shaester
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Explain productivity and why it is one of the most vital responsibilities of operations management.
Textbook 

Business in Action


Edition: 9th
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ugotpwned5ugotpwned5
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Throughout all the activities in the production process, operations managers pay close attention to productivity, or the efficiency with which they can convert inputs to outputs. (Put another way, productivity is equal to the value of the outputs divided by the value of the inputs.) Productivity is one of the most vital responsibilities in operations management because it is a key factor in determining the company's competitiveness and profitability. Companies that can produce similar goods or services with fewer resources have a distinct advantage over their competitors. Moreover, high productivity in the fullest sense also requires low waste, whether it's leftover materials, shoddy products that must be scrapped, or excess energy usage. Consequently, productivity improvements and sustainability improvements often complement each other.

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