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Productivity

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How to prioritize machines and activities for implementing SMED

This article is written by Bharathkumar Radha Krishna. He is an Industrial engineer with expertise in lean methodologies and value stream mapping In this article, we will dive deeper into SMED. We will discuss how to prioritize machines and activities for implementing SMED, define economic lot size quantity, and will provide tips and techniques. In […]

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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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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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