Boost Company Efficiency and Profits with New Productivity Measurement Techniques
Productivity in a company reflects how efficiently it uses resources like materials and manpower. There are two ways to measure productivity: partially, by looking at individual elements like return on investment, and totally, by considering overall profit. If a company's earnings go up, it means productivity is improving. Productivity can also be measured by looking at how well activities and processes are done. Comparing output to input is crucial for predicting a company's efficiency and performance.