While it is true that increased efficiency leads to increased productivity, it is also possible to fall into the efficiency improvement trap, please explain
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While it is true that increased efficiency leads to increased productivity, it is also possible to fall into the efficiency improvement trap, please explain.
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- "We are already measuring total factor productivity. Measuring partial productivities would be of no value." Do you agree? A. Yes, total factor productivity is the goal of the measurement. Once achieved there is no need for further analysis. B. Yes, partial productivity measures should only be calculated if you cannot calculate total factor productivity. C. No, total factor productivity and partial productivity measures work best together because the strengths of one offset weaknesses in the other. D. No, you must always calculate partial productivity measures for the total factor productivity to have any meaning.SUPPOSE THAT You are hired as an operations manager for an organization which is having some problems, and you are supposed to help them to put things back on track. In order to do so, there are a number of decisions you have to take regarding the following issue: Productivity: You found that the productivity is declining the past two years at your organization. Measure the multifactor productivity for the current period and compare it to the previous period. Comment on your results showing what might lead to decreasing the productivity and show how can you improve the productivity at your organization. You are supposed to estimate the all the needed numbers.Discuss Productivity and Performance Management Why is productivity important? Next, what is the difference between productivity, other measures of performance, and its interrelation to the performance scorecard?
- Briefly discuss the different components that contribute to "Superior Efficiency". Give an example for each component.What is a productivity Cycle? Explain it with an example.Two types of cars (Deluxe and Limited) were produced by a car manufacturer last year. Quantities sold, price per unit, and labor hours are given below. QUANTITY $/UNIT $ 9,050/car $10,550/car Deluxe car 3,625 units sold 6,525 units sold 22,750 hours 29,865 hours Limited car Labor, Deluxe Labor, Limited $ 12/hour $ 15/hour What is the labor productivity for each car? Provide two sets of figures: units per labor hour, and dollar of output per dollar of labor expense. (Round your answers to 2 decimal places.) Labor Productivity Units/hour Dollars Deluxe car Limited car
- ager checked production records and found that a worker produced 195 units while working 50 hours. In the previous week, the worker produced 148 units while working 40 hours. mpute Current period productivity and Previous period productivity. (Round your answers to 2 decimal places.) rrent period productivity evious period productivity Units / hr Units / hr Did the worker's productivity increase, decrease, or remain the same? (Round your intermediate calculations and final answer to 2 cimal places. Omit the "%" sign in your response.) Vorker's productivity (Click to select) byPak Andi is a director of a cake factory in the Bekasi area. To produce 900 cakes per day it takes the following things: Labor 300 hours per day @ $ 96 per hour Raw material 3 tons per day @ $ 2 per kg Energy $ 10,000 per day Capital cost $ 5,000 per day a. What is the labor productivity per labor-hour for the production of cakes at the factory?b. What is the multifactor productivity for cake production at the factory?c. If Mr. Andi wants to increase his production to 1,500 cakes per day without changingother variables, what is the productivity now?Chris is president of ABC Manufacturing, a producer of bicycle tires. Chris makes 1,000 tires per day with the following resources: 400 hours per day @ $12.50 Labor: per hour 20,000 pounds per day @ $1 Raw material: per pound Energy: $5,000 per day Capital costs: $10,000 per day a) What is the labor productivity per labor- hour for these tires at ABC Manufacturing? b) What is the multifactor productivity for these tires at ABC Manufacturing? c) What is the percent change in multifactor productivity if Chris can reduce the energy bill by $1,000 per day without cutting production or changing any other inputs?
- Answer the following Question:You are hired as an operations manager for an organization (Choose an organization that you prefer) which is having some problems, and you are supposed to help them to put things back on track. In order to do so, there are a number of decisions you have to take regarding the following issues:1- Productivity: You found that the productivity is declining the past two years at your organization. Measure the multifactor productivity for the current period and compare it to the previous period. Comment on your results showing what might lead to decreasing the productivity and show how can you improve the productivity at your organization.2- Forecasting: You discovered that the forecasting error falls beyond the acceptable ranges in the past three years. Make a reliable forecast for the demand on your product/service using at least 10 periods of your historical data to forecast the demand for the coming 5 periods. Then compute the MAD for these 5 periods. 3-…A manager checked production records and found that a worker produced 160 units while working 40 hours. In the previous week, the same worker produced 138 units while working 36 hours. a. Compute Current period productivity and Previous period productivity. (Round your "Previous period productivity" answer to 3 decimal places.) Current period productivity Previous period productivity Units / hr Units / hr b. Did the worker's productivity increase, decrease, or remain the same? (Round your intermediate calculations to 3 decimal places and final answer to 2 decimal places. Omit the "%" sign in your response.) Worker's productivity v by remain the samecomplete a value chain analysis for the company ( any company) with the objective of identifying valuable resources and capabilities. identify any resource bundles and provide a brief explanation. determine competitive advantage and sustainabity.