Improving Productivity
Lean Nation, Building off of last months blog on productivity, I though it would be beneficial to expand on that topic. You can review the initial blog here. https://breakthroughhorizonsltd.blogspot.com/2023/11/what-happened-to-improving-productivity.html Productivity is the efficiency of production of goods or services expressed by some measure. Measurements of productivity are often expressed as a ratio of an output to an input, typically over a specified period of time. In more practical terms, I prefer to measure productivity in a unit of time divided by the input. In production, a very common definition of productivity is labor hours per unit produced. In the service industry, a common definition is labor hours per unit of service completed. Using lean thinking we are in pursuit of three objectives: improving quality, reducing lead-times, and improving the cost of goods and services through the elimination of wasted time and activity . Improving productivity is