Problems inwards measuring productivity Following icon lists master copy difficulties or problems inwards measuring productivity . Image credits © Prof. Mudit Katyani. Important challenges or difficulties inwards measuring productivity: Difficulty inwards measuring output, Difficulty inwards measuring inputs, Factorial productivity, Changing prices of inputs as well as outputs, Intangible output of service sector, Comparison of productivity of dissimilar periods, Difficulty inwards measuring man-hours, and Changes inwards technology. Now let's speak over these constraints inwards measuring productivity. Difficulty inwards measuring output : The output of an manufacture may hold upwards measured inwards terms of book (units) or value (dollars). It is real hard to combine both these factors. If the output is homogeneous (similar), thus the productivity tin hold upwards measured inwards terms of volume. If the output is non homogeneous, thus t...

Benefits of higher productivity The next icon depicts a listing of ix benefits of higher productivity . Image credits © Prof. Mudit Katyani. The ix top dog benefits of higher productivity are: Higher profit, Employees welfare, Better return Nice relations, Customer satisfaction, Good credit rating, Goodwill, Better credit terms, and Low turnover. Now let's speak over briefly these of import benefits of higher productivity. Higher profit : Higher productivity enables the fellowship to create to a greater extent than output. This results inward to a greater extent than net income to it. This net income tin orbit the sack hold upwards used for expansion together with other activities. Employees welfare : Higher productivity brings to a greater extent than net income to the company. This net income tin orbit the sack hold upwards used to render improve facilities together with working atmospheric condition to the employees. So, it results inward welfare of ...

Importance of location planning Location planning decisions are real of import for all types of job concern units. This is because it affects the cost, selling price, in addition to need of the product. It is a non-recurring heavy expenditure. Large companies accept the assist of dissimilar professionals similar lawyers, accountants, environmentalist, etc. for selecting the proper location of plant. Following picture lists 8 points that choose out importance of location planning. Image credits © Prof. Mudit Katyani. There is a require or importance of location planning because it aids in: Expansion, Cost advantages, Discovery of raw-material, Additional facilities, Mergers, Political in addition to social changes, Increasing production demand, and Avail taxation benefits. Now let's speak over to a higher house points highlighting importance of location planning. Expansion : If the companionship wants to expand in addition to diversify its activities, it volition ...

Factors that ship on productivity The next nautical chart shows viii factors that ship on productivity . Image credits © Prof. Mudit Katyani. The viii master copy factors that ship on productivity are: Technical factors, Production factors, Organizational factor, Personnel factors, Finance factors, Management factors, Government factors, and Location factors. Now let's hash out briefly inward a higher house listed of import factors that ship on productivity. Technical factors : Productivity largely depends on technology. Technical factors are the most of import ones. These include proper location, layout too size of the establish too machinery, right pattern of machines too equipment, query too development, automation too computerization, etc. If the organisation uses the latest technology, thus its productiveness volition live on high. Production factors : Productivity is related to the production-factors. The production of all departments should live on proper...