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Productivity and Efficiency

Really is there any difference between productivity and efficiency ?, What is productivity?, What is efficiency?, Formula connecting productivity and efficiency, Relationship between productivity and efficiency, Example demonstrating the relation between productivity and efficiency, etc. We will discuss all here in detail. Before we move in to our subject, we need to know more about

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Efficiency

Efficiency represents how much of the input given to a process/machine is converted to useful output. Importance of Efficiency By calculating efficiency, we can know how much amount of input given to a process is converted to a useful output and how much input is wasted without converting into useful output. This knowledge will helps

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Productivity

Productivity is one of the most popular word used in the manufacturing or business or competitive world. People who are cost conscious often use this word. Confused?… I will clear the confusion. What is productivity? Productivity can be defined in following way… Productivity is a measure of how much output is produced per unit input.

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How to solve a transportation problem using Microsoft Excel

Logistics is a significant function in the manufacturing industry since it influences the overall efficiency and competitiveness of the firms involved. Preparing optimum transportation plans can be considered as a starting point in achieving efficiency in logistics management. Different tools and techniques related to Industrial Engineering and Operations Research are being used to improve logistics...

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Juran Trilogy – A managerial ideology adopted by companies to ensure the needs of customer

The company makes a product for the customer or offer services to the customer, but what if the customer is not happy? Will the company still grow in the market? The straight answer is “NO”. A customer is someone who decides the brand value for a company. For the company to adapt to the situation

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