EVERYTHING INNOVATIVE

Difference between Production and Productivity 1. Production is defined as the act of producing goods and services but productivity is defined as the rate at which goods and services are produced or given. 2. Production is the process of conversion of input into output, but productivity is the utilization of resources into finished product. 3. Production is the amount of work done or manufactured I.e output but productivity is the amount of work one gets for a certain spendings. 4.  Production reflects the volume of production of goods/services by an enterprise but productivity reflects the operating efficiency of enterprise. 5. Production is the measure of produced goods but productivity is the measure of efficiency. 6. While defining production,no reference is made to the quality or quantity of input resources but once the concept of efficiency with which input resources are utilized , is Incorporated,we enter the field of productivity. 7. Production is a function of an organizat...

Factors which affects   Productivity       P roductivity is a measuring process which measures the wealth increment, efficiency increment. It is the ratio between total output to the various input resources used.There are some factors which affects the productivity that are various inputs. 1.Man Power :                           Man power is very important factor which affects the productivity.How much labours are working for how much hours,how they are trained etc. 2.Material :                     Material is also a main factor which affects productivity.It fully depending upon quality of material, quantity of material, inspection of materials , cost of material and handling & transportation cost etc. 3.Equipments & machinery :                       Every product or service uses machines and...

Types of productivity         Productivity is not a process or anything other,it is a measure of efficiency of any company/organization. Productivity is the ratio of total output to the total input, output is always same i.e efficiency or profit but to achieve this input can be of various types like man, material, capital,time, machine etc, depending on these productivity can be divided into two parts: 1.Partial productivity ::                           It is the ratio of total output to a particular input.It shows the impact and share of a particular resource on the total productivity. Partial productivity = Total production / Quantity of a single resource input   Types of partial productivity:: 1.Capital productivity:                                           It is the ratio of total output to...

  Productivity : Industrial engineering [Polytechnic VIth seme]     Production :                        The word production is made of word product.The process of making goods or services using various things/inputs (e.g: man,material, infrastructure, money, machine,etc) is called Production.         It is the process in which various things, materials,inputs are combined to get a new product, output or service which have value.     Productivity :                              As mentioned above, production is the process of producing goods or services but apart from it productivity is the measurements of this process.      Productivity is the measure of efficiency of production or service.It is the ratio of final output to the input used.     It is the ratio of final output to t...