Improve productivity is the key to improve revenue. So there should be some effective system for measuring organizational productivity. Below are 9 effective way for-How to measure productivity in the workplace?
Breakdown maintenance, also known as run-to-failure (RTF) maintenance, is a reactive maintenance strategy where equipment is operated until it breaks down. Repairs are then performed only after a failure occurs. This approach contrasts with proactive maintenance strategies like preventive and predictive maintenance, which involve scheduled servicing to prevent breakdowns.
Inspection and quality control: Inspection is important to maintain a certain quality during the manufacturing of a product. Quality control is a process by which customer ensures receive product free from defects.
Cost and revenue are the two most important terms in business economics. The target of every business is to minimize the cost and maximize the revenue so that business makes the maximum profit.
What is Decision making in management? Decision making is the judgment of the process by which one can choose between a number of alternative courses of action for the purpose of achieving goals. Managerial decision making is synonymous with the whole process of management. It decides, what should be done? how should it…
![What is Production planning and Control ? [Simply explained], 8 Functions of production planning and control.](https://educationleaves.com/wp-content/uploads/2020/06/What-2Bis-2BProduction-2Bplanning-2Band-2Bcontrol_-768x402.png)
Production is the transformation of raw material into finished goods. planning looks ahead anticipates possible problems and decides in advance as to how the production carried out in the best way.
Control makes sure that the programmed production is constantly maintained.
Product Planning is the procedure of identifying and articulating market requirements that define a product’s benefits or features. Product planning works as the basis for decision-making about price, distribution and promotion. Product planning is the process of creating a product idea and following the idea until the product is introduced to the market. Definition of…
What is Product Design?
Before starting to manufacture a new product or improve a product, it is essential to design the product first.
When a new idea has been conceived and developed to the point at which it shows itself to be both technically and commercially stable, it considers how the product should be made, Factors affecting product design, etc.
What is Plant layout- Plant layout means the arrangement of equipment, material, etc facilities and services of the plant within the selected work area to achieve the productivity as high as possible.
Production is a process of value addition, which is developed to transform a set of input elements like man, raw material, capital, energy, information into finished products and services in proper quality and quantity.