Measures Of Productivity Categorized By Business
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Sam Miller
May 4, 2013, 11:30:02 AM5/4/13
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Sam Miller
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Article Title: Measures Of Productivity Categorized By Business
Author: Sam Miller
Word Count: 509
Article URL: http://www.isnare.com/?aid=219514&ca=Business+Management
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=219514
Easy Publish Tool: http://www.isnare.com/html.php?aid=219514
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Productivity varies from market to market and industry to industry. Different industries may share similar productivity measures, but no two have the same set of measures all the way through. In this article you will find several different Market Categories and recommended corresponding productivity measures. One thing should be kept in mind: no matter what market or system is being scrutinized, only one thing is being measured and that is the output. Output can take several different forms it may be the bulk of the items produced or the value of those produced.
If your business is in the manufacturing industry, your productivity measure can include the volume of the product that your are producing. The total number of product you produce in a year may be considered as your productivity level. An example of this is in the furniture business, a small Italian company specializes in the production of baroque style high end chairs. The company manages to sell up to 300,000 chairs in 3 years time, their main markets being hotels and restaurants. When measuring the productivity of the company it would result that they sell an average of 100,000 chairs a year.
Another industry is that of the service industry. This industry can span hotels, restaurants, bars and other service oriented establishments. If your company belongs to this category then your can have as productivity measure the number of client turnovers- it is when new customers arrive and leave in your facility. Since this is a quantitative data, measuring it is easy enough! Another productivity measure here is customer satisfaction. This can be quantified with the aid of customer surveys and questionnaires. The survey forms formulated should have the facility to transform qualitative data into quantitative ones. This is often achieved with the aid of a tabular checklist.
If your company is in sales, you can measure productivity my measuring the sales performance of the entire company or an employee. This can be achieved not by accounting every little object that the clerk has sold but instead calculating the total amount of sales in monetary unit. This makes it much easier to determine how the company fared in sales. An example of this is a salesman in a department store selling barbeque grills; he is not motivated by the number of grills he sells but by the price of the grill. So, don't wonder why he is continually pressing you to get a more expensive model. The man is just trying to improve his sales performance and upgrade his position with the company.
In business, it cannot be avoided that markets trend to mix and blend into one another. If this is the case and you find that you need more than one of the mentioned measures to determine productivity. You can blend productivity measures but, what you have to keep in mind is that you have to see to it that the blended data are compatible with one another and you would not have a hard time in comparing them.
About The Author: If you are interested in productivity measures, check this web-site to learn more about productivity metrics. http://www.measureproductivity.com/
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=219514
*********************** ARTICLE END ***********************
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Message delivered directly to members of the group:
publish-the...@googlegroups.com
*****************************************************************
Please consider this free-reprint article written by:
Sam Miller
*****************************
IMPORTANT - Publication/Reprint Terms
- You have permission to publish this article electronically in free-only publications such as a website or an ezine as long as the bylines are included.
- You are not allowed to use this article for commercial purposes. The article should only be reprinted in a publicly accessible website and not in a members-only commercial site.
- You are not allowed to post/reprint this article in any sites/publications that contains or supports hate, violence, porn and warez or any indecent and illegal sites/publications.
- You are not allowed to use this article in UCE (Unsolicited Commercial Email) or SPAM. This article MUST be distributed in an opt-in email list only.
- If you distribute this article in an ezine or newsletter, we ask that you send a copy of the newsletter or ezine that contains the article to http://www.isnare.com/eta.php?aid=219514
- If you post this article in a website/forum/blog, ALL links MUST be set to hyperlinks and we ask that you send a copy of the URL where the article is posted to http://www.isnare.com/eta.php?aid=219514
- We request that you ask permission from the author if you want to publish this article in print.
The role of iSnare.com is only to distribute this article as part of its Article Distribution feature ( http://www.isnare.com/distribution.php ). iSnare.com does NOT own this article, please respect the author's copyright and this publication/reprint terms. If you do not agree to any of these terms, please do not reprint or publish this article.
*****************************
Article Title: Measures Of Productivity Categorized By Business
Author: Sam Miller
Word Count: 509
Article URL: http://www.isnare.com/?aid=219514&ca=Business+Management
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=219514
Easy Publish Tool: http://www.isnare.com/html.php?aid=219514
*********************** ARTICLE START ***********************
Productivity varies from market to market and industry to industry. Different industries may share similar productivity measures, but no two have the same set of measures all the way through. In this article you will find several different Market Categories and recommended corresponding productivity measures. One thing should be kept in mind: no matter what market or system is being scrutinized, only one thing is being measured and that is the output. Output can take several different forms it may be the bulk of the items produced or the value of those produced.
If your business is in the manufacturing industry, your productivity measure can include the volume of the product that your are producing. The total number of product you produce in a year may be considered as your productivity level. An example of this is in the furniture business, a small Italian company specializes in the production of baroque style high end chairs. The company manages to sell up to 300,000 chairs in 3 years time, their main markets being hotels and restaurants. When measuring the productivity of the company it would result that they sell an average of 100,000 chairs a year.
Another industry is that of the service industry. This industry can span hotels, restaurants, bars and other service oriented establishments. If your company belongs to this category then your can have as productivity measure the number of client turnovers- it is when new customers arrive and leave in your facility. Since this is a quantitative data, measuring it is easy enough! Another productivity measure here is customer satisfaction. This can be quantified with the aid of customer surveys and questionnaires. The survey forms formulated should have the facility to transform qualitative data into quantitative ones. This is often achieved with the aid of a tabular checklist.
If your company is in sales, you can measure productivity my measuring the sales performance of the entire company or an employee. This can be achieved not by accounting every little object that the clerk has sold but instead calculating the total amount of sales in monetary unit. This makes it much easier to determine how the company fared in sales. An example of this is a salesman in a department store selling barbeque grills; he is not motivated by the number of grills he sells but by the price of the grill. So, don't wonder why he is continually pressing you to get a more expensive model. The man is just trying to improve his sales performance and upgrade his position with the company.
In business, it cannot be avoided that markets trend to mix and blend into one another. If this is the case and you find that you need more than one of the mentioned measures to determine productivity. You can blend productivity measures but, what you have to keep in mind is that you have to see to it that the blended data are compatible with one another and you would not have a hard time in comparing them.
About The Author: If you are interested in productivity measures, check this web-site to learn more about productivity metrics. http://www.measureproductivity.com/
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=219514
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
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