1. NORRIS MEDICINES LIMITED, ANKLESHWAR
TRAINING MATERIAL
Productivity Improvement in Productivity
What is Productivity ?
Successful companies create a surplus through productive operations. Although
there is no complete agreement on the true meaning of productivity. But
productivity means to achieve complete target with maximum output and
minimum loss without affected quality. Let us define it as the output-input ratio
within a time period with due consideration for quality.
Productivity = Outputs / Inputs
The formula indicates that productivity can be improved
1. By increasing outputs with the same inputs
2. By decreasing inputs but maintaining the same outputs
3. By increasing outputs and decreasing inputs to change the ratio
favorably.
4. Proper planning on paper and evaluation of planning
5. Before start new product or planning manager has to give proper training
and also knowl